PUBLIC FUNDS INVESTMENT
Summary
Amends the Public Funds Investment Act. Provides that park districts, forest preserve districts, and conservation districts may, like municipalities and counties, invest public funds in interest-bearing bonds of any political subdivision or agency of the State of Illinois, whether the interest earned is taxable or tax-exempt under federal law. Provides that bonds shall be registered in the name of the municipality, park district, forest preserve district, conservation district, or county. Effective immediately.
Bill status
signed
all 5 stages cleared
Introduction
Mar 2013
Committee Review
Mar 2013
House Passage
May 2013
Senate Passage
May 2013
Signed into Law
Aug 2013
Introduced Mar 5, 2013
Signed Aug 16, 2013
Floor votes · Senate May 21, 2013 · House Mar 1, 2013
How they voted
44–0
Passed · 3 other
Total votes 47
May 21, 2013
D
Democratic30
96% Yea
R
Republican17
88% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
37
Key actions
5
Committee
6
Aug 16, 2013
Signed into law
Governor Approved
lower
May 21, 2013
Lower · Passed
Passed Both Houses
lower
Mar 20, 2013
Upper · Passed
Do Pass Local Government; 012-000-000
upper
Mar 12, 2013
Committee
Assigned to Local Government
upper
Mar 5, 2013
Committee
Referred to Assignments
upper
Mar 5, 2013
Introduced
Arrive in Senate
upper
Mar 1, 2013
House · Passed
House Vote: pass (94-0-5)
house
Feb 21, 2013
Lower · Passed
Do Pass / Short Debate Personnel and Pensions Committee; 010-000-000
lower
Feb 13, 2013
Committee
Assigned to Personnel and Pensions Committee
lower
Feb 6, 2013
Committee
Referred to Rules Committee
lower
0 primary · 3 co-sponsors
Sponsors
No sponsor information available.
Ask Maddy
·
AI policy assistant
Ask Maddy about HB 1353
Scope: IL
Hi! I can help you understand HB 1353. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline