Sign Up
HB 4573 Illinois House · 100th Regular Session

PUBLIC FUNDS-CORPORATIONS

Summary
Amends the Public Funds Investment Act. Provides that any public agency may invest any public funds in obligations (currently, short term obligations) of corporations organized in the United States with assets exceeding $500,000,000 if such obligations mature not later than 3 years (currently, 270 days) from the date of purchase, in addition to other criteria. Effective immediately.
Bill status signed all 5 stages cleared
Introduction
Mar 2018
Committee Review
May 2018
House Passage
May 2018
Senate Passage
May 2018
Signed into Law
Aug 2018
Introduced Mar 9, 2018 Signed Aug 10, 2018
Floor votes · Senate May 29, 2018 · House Mar 7, 2018

How they voted

46–0
Passed · 2 other
Total votes 48
May 29, 2018
D Democratic28
28 Yea
100% Yea
R Republican20
18 Yea 2
90% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
29
Key actions
5
Committee
6
Aug 10, 2018
Signed into law
Governor Approved
lower
May 29, 2018
Lower · Passed
Passed Both Houses
lower
May 2, 2018
Upper · Passed
Do Pass Local Government; 005-000-000
upper
Apr 25, 2018
Committee
Assigned to Local Government
upper
Apr 4, 2018
Committee
Referred to Assignments
upper
Mar 9, 2018
Introduced
Arrive in Senate
upper
Mar 7, 2018
House · Passed
House Vote: pass (80-8-10)
house
Feb 27, 2018
Lower · Passed
Do Pass / Short Debate Cities & Villages Committee; 012-000-000
lower
Feb 21, 2018
Committee
Assigned to Cities & Villages Committee
lower
Feb 6, 2018
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.