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SB 1950 Illinois Senate · 98th Regular Session

MUNI CD-PUBLIC FUNDS INVEST

Summary
Amends the Public Funds Investment Act. Provides that any unit of local government (now, municipalities and counties only) may invest its public funds in interest bearing bonds of any county, township, city, village, incorporated town, municipal corporation, or school district, of the State of Illinois, of any other state, or of any political subdivision or agency of the State of Illinois or of any other state. Amends the Municipal Code to provide that municipalities are authorized to invest the funds and public moneys in the custody of the municipal treasurer in accordance with the Public Funds Investment Act.
Bill status signed all 5 stages cleared
Introduction
Apr 2013
Committee Review
May 2013
Senate Passage
May 2013
House Passage
May 2013
Signed into Law
Aug 2013
Introduced Apr 17, 2013 Signed Aug 9, 2013
Floor votes · Senate Apr 17, 2013 · House May 17, 2013

How they voted

46–0
Passed · 7 other
Total votes 53
Apr 17, 2013
D Democratic35
28 Yea 7
80% Yea
R Republican18
18 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
34
Key actions
7
Committee
7
Amendments
4
Aug 9, 2013
Signed into law
Governor Approved
upper
May 17, 2013
Upper · Passed
Passed Both Houses
upper
May 17, 2013
House · Passed
House Vote: pass (101-0-5)
house
May 2, 2013
Lower · Passed
Do Pass / Short Debate Counties & Townships Committee; 004-000-000
lower
Apr 24, 2013
Committee
Assigned to Counties & Townships Committee
lower
Apr 17, 2013
Committee
Referred to Rules Committee
lower
Apr 17, 2013
Introduced
Arrived in House
lower
Apr 17, 2013
Senate · Passed
Senate Vote: pass (46-0-7)
senate
Apr 12, 2013
Upper · Passed
Senate Floor Amendment No. 1 Adopted; Althoff
upper
Apr 11, 2013
Introduced
Senate Floor Amendment No. 1 Recommend Do Adopt Local Government; 014-000-000
upper
Mar 21, 2013
Introduced
Senate Floor Amendment No. 1 Assignments Refers to Local Government
upper
Mar 19, 2013
Committee
Senate Floor Amendment No. 1 Referred to Assignments
upper
Mar 19, 2013
Introduced
Senate Floor Amendment No. 1 Filed with Secretary by Sen. Pamela J. Althoff
upper
Mar 13, 2013
Upper · Passed
Do Pass Local Government; 012-000-000
upper
Mar 5, 2013
Committee
Assigned to Local Government
upper
Feb 15, 2013
Committee
Referred to Assignments
upper
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.