Joseph M. Lyons
- Democratic
Primary
Amends the Public Funds Investment Act. Provides that whenever a public agency invests public funds in an interest-bearing savings account, interest-bearing certificate of deposit, or interest-bearing time deposit, the statutory requirements pertaining to the eligibility of a bank to receive or hold public deposits or to the pledging of collateral by a bank to secure public deposits do not apply to any bank receiving or holding all or part of the invested public funds if (i) the public agency initiates the investment at or through a bank having its main office in Illinois and (ii) the invested public funds are at all time fully insured by an agency or instrumentality of the federal government. Effective immediately.
Public Act . . . . . . . . . 93-0756
Effective Date July 16, 2004
Governor Approved
Sent to the Governor
Third Reading - Passed; 057-000-000
Passed Both Houses
Placed on Calendar Order of 3rd Reading May 4, 2004
Second Reading
Placed on Calendar Order of 2nd Reading April 27, 2004
Do Pass Financial Institutions; 008-000-000
Assigned to Financial Institutions
First Reading
Referred to Rules
Chief Senate Sponsor Sen. Terry Link
Placed on Calendar Order of First Reading March 26, 2004
Arrive in Senate
Third Reading - Short Debate - Passed 115-000-001
Placed on Calendar Order of 3rd Reading - Short Debate
Second Reading - Short Debate
Fiscal Note Filed
House Committee Amendment No. 1 Filed with Clerk by Financial Institutions Committee
House Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote
Added Chief Co-Sponsor Rep. Thomas Holbrook
Placed on Calendar 2nd Reading - Short Debate
Do Pass as Amended / Short Debate Financial Institutions Committee; 018-000-000
Assigned to Financial Institutions Committee
Added Chief Co-Sponsor Rep. Bill Mitchell
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Joseph M. Lyons
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Engrossed | HTML |
| Enrolled | HTML |
| Document | Format |
|---|---|
| Public Act | |
| House Amendment 001 |
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