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SB 1289 Illinois Senate · 101st Regular Session

TREASURER-DEPOSIT OF ST MONEY

Summary
Amends the Deposit of State Moneys Act. Modifies a Section concerning agreements entered into by the State Treasurer with any bank or savings and loan association relating to the deposit of securities. Provides that such agreements may authorize the holding of securities in any bank or a depository trust company in the United States (rather than New York City). Adds to the classes of securities that the State Treasurer may accept as collateral for deposits not insured by an agency of the federal government. Adds to and modifies the investments in which the State Treasurer may invest or reinvest on behalf of the State. Effective immediately.
Bill status signed all 5 stages cleared
Introduction
Mar 2019
Committee Review
May 2019
Senate Passage
May 2019
House Passage
May 2019
Signed into Law
Aug 2019
Introduced Mar 7, 2019 Signed Aug 2, 2019
Floor votes · Senate Mar 7, 2019 · House May 21, 2019

How they voted

42–0
Passed · 6 other
Total votes 48
Mar 7, 2019
D Democratic30
24 Yea 6
80% Yea
R Republican18
18 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
26
Key actions
5
Committee
6
Aug 2, 2019
Signed into law
Governor Approved
upper
May 21, 2019
Upper · Passed
Passed Both Houses
upper
May 1, 2019
Lower · Passed
Do Pass / Short Debate State Government Administration Committee; 010-000-000
lower
Apr 9, 2019
Committee
Assigned to State Government Administration Committee
lower
Mar 14, 2019
Committee
Referred to Rules Committee
lower
Mar 7, 2019
Introduced
Arrived in House
lower
Mar 7, 2019
Senate · Passed
Senate Vote: pass (42-0-6)
senate
Feb 20, 2019
Upper · Passed
Do Pass Financial Institutions; 008-000-000
upper
Feb 13, 2019
Committee
Assigned to Financial Institutions
upper
Feb 7, 2019
Committee
Referred to Assignments
upper
0 primary · 3 co-sponsors

Sponsors

No sponsor information available.