SB 536

  • Illinois Senate Bill
  • 103rd Regular Session
  • Introduced in Senate Apr 18, 2024
  • Passed Senate Apr 18, 2024
  • Passed House May 23, 2024
  • Became Law Aug 09, 2024

Finance-Tech

Abstract

Amends the State Revenue Sharing Act. Makes a technical change in a Section concerning the short title. Senate Floor Amendment No. 1 Deletes reference to: 30 ILCS 115/0.1 from Ch. 85, par. 610 Adds reference to: 30 ILCS 235/2 from Ch. 85, par. 902 Replaces everything after the enacting clause. Amends the Public Funds Investment Act. Provides that a public agency may adopt an ordinance or resolution to allow for investment of public funds in instruments that are not specifically listed as authorized investments if those investments comply with (i) any other law that authorizes public agencies to invest funds and (ii) the investment policy adopted by the public agency. Senate Floor Amendment No. 2 Makes changes to the bill as amended by Senate Amendment No. 1 to further amend the Public Funds Investment Act. Provides that a public agency may invest public funds in obligations of certain corporations organized in the United States if those obligations mature more than 270 days but less than 10 years (currently, 3 years) from the date of purchase.

Bill Sponsors (7)

Votes


Actions


Aug 09, 2024

Senate

Public Act . . . . . . . . . 103-0880

Senate

Effective Date January 1, 2025

Senate

Governor Approved

Jun 21, 2024

Senate

Sent to the Governor

May 23, 2024

House

Placed on Calendar Order of 3rd Reading - Short Debate

House

Third Reading - Short Debate - Passed 111-000-000

House

Added Alternate Co-Sponsor Rep. Jennifer Sanalitro

House

Added Alternate Co-Sponsor Rep. Nicole La Ha

Senate

Passed Both Houses

May 16, 2024

House

Held on Calendar Order of Second Reading - Short Debate

House

Second Reading - Short Debate

May 15, 2024

House

Added Alternate Co-Sponsor Rep. Diane Blair-Sherlock

House

Placed on Calendar 2nd Reading - Short Debate

House

Do Pass / Short Debate Executive Committee; 012-000-000

House

Added Alternate Co-Sponsor Rep. Jenn Ladisch Douglass

House

Added Alternate Co-Sponsor Rep. Maura Hirschauer

May 03, 2024

House

Assigned to Executive Committee

House

Committee/Final Action Deadline Extended-9(b) May 24, 2024

May 02, 2024

House

Alternate Chief Sponsor Changed to Rep. Terra Costa Howard

Apr 18, 2024

Senate

Placed on Calendar Order of 3rd Reading

Senate

Senate Floor Amendment No. 2 Recommend Do Adopt State Government; 008-000-000

Senate

Recalled to Second Reading

Senate

Senate Floor Amendment No. 1 Adopted

Senate

Senate Floor Amendment No. 2 Adopted

Senate

Third Reading - Passed; 057-000-000

House

Arrived in House

House

Chief House Sponsor Rep. Emanuel "Chris" Welch

House

First Reading

House

Referred to Rules Committee

Apr 16, 2024

Senate

Senate Floor Amendment No. 2 Assignments Refers to State Government

Apr 12, 2024

Senate

Rule 2-10 Third Reading Deadline Established As April 19, 2024

Apr 11, 2024

Senate

Senate Floor Amendment No. 2 Referred to Assignments

Senate

Senate Floor Amendment No. 2 Filed with Secretary by Sen. Laura Ellman

Apr 10, 2024

Senate

Senate Floor Amendment No. 1 Recommend Do Adopt State Government; 008-000-000

Apr 09, 2024

Senate

Chief Sponsor Changed to Sen. Laura Ellman

Senate

Senate Floor Amendment No. 1 Assignments Refers to State Government

Apr 05, 2024

Senate

Senate Floor Amendment No. 1 Referred to Assignments

Senate

Senate Floor Amendment No. 1 Filed with Secretary by Sen. Laura Ellman

Mar 20, 2024

Senate

Approved for Consideration Assignments

Senate

Placed on Calendar Order of 3rd Reading March 21, 2024

Mar 31, 2023

Senate

Rule 3-9(a) / Re-referred to Assignments

Mar 10, 2023

Senate

Placed on Calendar Order of 3rd Reading March 21, 2023

Senate

Second Reading

Mar 09, 2023

Senate

Placed on Calendar Order of 2nd Reading March 10, 2023

Senate

Do Pass Executive; 011-000-000

Mar 02, 2023

Senate

Assigned to Executive

Feb 02, 2023

Senate

Referred to Assignments

Senate

Filed with Secretary by Sen. Don Harmon

Senate

First Reading

Bill Text

Bill Text Versions Format
Introduced HTML PDF
Engrossed HTML PDF
Enrolled HTML PDF
Senate Amendment 001 HTML PDF
Senate Amendment 002 HTML PDF

Related Documents

Document Format
Public Act

Sources

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