Katherine Cloonen
- Democratic
Primary
Amends the Public Funds Investment Act. Provides that municipalities may invest up to $250,000 in public funds in not-for-profit community development financial institutions. Requires the financial institutions to have at least $5,000,000 in net assets and to have earned at least an "A" rating by an investment rating organization. Provides that the investments made shall be made for a term and at a rate acceptable to the municipality and the municipality may set benchmarks in order to continue investing in the not-for-profit community development financial institution.
Governor Approved
Public Act . . . . . . . . . 99-0676
Effective Date July 29, 2016
Sent to the Governor
Passed Both Houses
Third Reading - Passed; 055-000-000
Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2016
Second Reading
Placed on Calendar Order of 3rd Reading May 18, 2016
Do Pass Revenue; 009-000-000
Placed on Calendar Order of 2nd Reading May 11, 2016
Assigned to Revenue
First Reading
Referred to Assignments
Chief Senate Sponsor Sen. Toi W. Hutchinson
Placed on Calendar Order of First Reading April 18, 2016
Third Reading - Short Debate - Passed 114-000-000
Added Chief Co-Sponsor Rep. Donald L. Moffitt
Arrive in Senate
Placed on Calendar Order of 3rd Reading - Short Debate
House Floor Amendment No. 1 Adopted
Second Reading - Short Debate
House Floor Amendment No. 1 Recommends Be Adopted Cities & Villages Committee; 004-000-000
House Floor Amendment No. 1 Rules Refers to Cities & Villages Committee
House Floor Amendment No. 1 Filed with Clerk by Rep. Katherine Cloonen
House Floor Amendment No. 1 Referred to Rules Committee
Placed on Calendar 2nd Reading - Short Debate
Do Pass / Short Debate Cities & Villages Committee; 006-001-000
Assigned to Cities & Villages Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Katherine Cloonen
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Engrossed | HTML |
| Enrolled | HTML |
| Document | Format |
|---|---|
| Public Act | |
| House Amendment 001 |
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