Illinois General Assembly - Bill Status for HB5010
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 Bill Status of HB5010  9th General Assembly

Short Description:  STATE BANK OF ILLINOIS

House Sponsors
Rep. William Davis

Last Action
DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
5 ILCS 140/7from Ch. 116, par. 207

Synopsis As Introduced
Creates the State Bank of Illinois Act. Establishes The State Bank of Illinois and the State Bank of Illinois Board. Sets forth the membership of the State Board. Provides that the State Board shall appoint an advisory board of directors. Provides that the State Bank may accept deposits of private funds and public funds. Sets forth the powers of the State Bank. Provides that all deposits in the State Bank are guaranteed by the State. Provides that, whenever any public funds are deposited into the State Bank, the public official who deposited the funds is exempt from liability for loss of the funds while they are deposited in the State Bank. Amends the Freedom of Information Act to provide that certain records of the State Bank are exempt from disclosure.

DateChamber Action
  2/7/2012HouseFiled with the Clerk by Rep. William Davis
  2/7/2012HouseFirst Reading
  2/7/2012HouseReferred to Rules Committee
  2/17/2012HouseAssigned to Financial Institutions Committee
  3/9/2012HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die

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