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SB 2486 Illinois Senate · 100th Regular Session

PUBLIC FUNDS-CORPORATIONS

Summary
Amends the Public Funds Investment Act. Provides that any public agency may invest any public funds in obligations (currently, short term obligations) of corporations organized in the United States with assets exceeding $500,000,000 if such obligations mature not later than 3 years (currently, 270 days) from the date of purchase, in addition to other criteria. Effective immediately.
Bill status failed 3 of 5 stages cleared
Introduction
Apr 2018
Committee Review
Apr 2018
Senate Passage
Apr 2018
House Passage
Governor
Introduced Apr 19, 2018 Last action Jan 9, 2019
Floor votes · Senate Apr 19, 2018

How they voted

44–0
Passed · 4 other
Total votes 48
Apr 19, 2018
D Democratic28
25 Yea 3
89% Yea
R Republican20
19 Yea 1
95% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
19
Key actions
2
Committee
4
Apr 19, 2018
Committee
Referred to Rules Committee
lower
Apr 19, 2018
Introduced
Arrived in House
lower
Apr 19, 2018
Senate · Passed
Senate Vote: pass (44-0-4)
senate
Feb 28, 2018
Upper · Passed
Do Pass Local Government; 008-000-000
upper
Feb 7, 2018
Committee
Assigned to Local Government
upper
Jan 31, 2018
Committee
Referred to Assignments
upper
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.