---
type: "Bill"
title: "PUBLIC FUNDS-AUTHORIZED INVEST"
description: "Amends the Public Funds Investment Act. Authorizes public agencies to invest public funds in obligations of corporations organized in the United States with assets exceeding $500,000,000 if, among other requirements, no more than two-thirds (currently, one-third) of the public agency's funds are invested in obligations of corporations. Effective immediately."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "102nd"
identifier: "SB 273"
citation: "Illinois SB 273 (102nd)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Donald P. DeWitte", "Marcus C. Evans, Jr."]
version_count: 4
action_count: 33
vote_count: 1
first_action: "2021-02-19"
last_action: "2021-08-06"
source: "openstates"
source_identifier: "ocd-bill/1edf5952-6bf3-4b9c-8d06-8c8116a5f272"
source_url: "https://ilga.gov/legislation/BillStatus.asp?DocNum=273&GAID=16&DocTypeID=SB&LegId=131271&SessionID=110&GA=102"
source_hash: "8541570a58b24e11e3025b886b757b293e76097428dfa072a28508e8e9f0f9f4"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-il"]
---

# Illinois SB 273 (102nd) — PUBLIC FUNDS-AUTHORIZED INVEST

Amends the Public Funds Investment Act. Authorizes public agencies to invest public funds in obligations of corporations organized in the United States with assets exceeding $500,000,000 if, among other requirements, no more than two-thirds (currently, one-third) of the public agency's funds are invested in obligations of corporations. Effective immediately.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](https://ilga.gov/legislation/102/SB/PDF/10200SB0273.pdf)
2. **Engrossed** (committee substitute) — [source](https://ilga.gov/legislation/102/SB/PDF/10200SB0273eng.pdf)
3. **Senate Amendment 001** (committee substitute) — [source](https://ilga.gov/legislation/102/SB/PDF/10200SB0273sam001.pdf)
4. **Enrolled** (enrolled) — [source](https://ilga.gov/legislation/102/SB/PDF/10200SB0273enr.pdf)

## Votes

- Third Reading — **116–0** (pass) · lower

## Sponsors

- Donald P. DeWitte — primary (person)
- Marcus C. Evans, Jr. — primary (person)
- Win Stoller — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2021-02-19** Filed with Secretary by Sen. Donald P. DeWitte `filing`
- **2021-02-19** First Reading `reading-1`
- **2021-02-19** Referred to Assignments `referral-committee`
- **2021-02-24** Assigned to Local Government `referral-committee`
- **2021-03-16** Added as Co-Sponsor Sen. Win Stoller
- **2021-03-16** Postponed - Local Government
- **2021-04-16** Rule 2-10 Committee Deadline Established As April 23, 2021
- **2021-04-19** Senate Committee Amendment No. 1 Filed with Secretary by Sen. Donald P. DeWitte `amendment-introduction`
- **2021-04-19** Senate Committee Amendment No. 1 Referred to Assignments `referral-committee`
- **2021-04-20** Senate Committee Amendment No. 1 Assignments Refers to Local Government
- **2021-04-20** Senate Committee Amendment No. 1 Adopted `amendment-passage`
- **2021-04-20** Do Pass as Amended Local Government; 007-000-000 `committee-passage`
- **2021-04-20** Placed on Calendar Order of 2nd Reading April 21, 2021
- **2021-04-21** Second Reading `reading-2`
- **2021-04-21** Placed on Calendar Order of 3rd Reading ** April 22, 2021
- **2021-04-23** Third Reading - Passed; 058-000-000 `passage, reading-3`
- **2021-04-26** Arrived in House `introduction`
- **2021-04-27** Chief House Sponsor Rep. Marcus C. Evans, Jr.
- **2021-04-28** First Reading `reading-1`
- **2021-04-28** Referred to Rules Committee `referral-committee`
- **2021-05-04** Assigned to State Government Administration Committee `referral-committee`
- **2021-05-12** Do Pass / Consent Calendar State Government Administration Committee; 008-000-000 `committee-passage`
- **2021-05-13** Placed on Calendar 2nd Reading - Consent Calendar
- **2021-05-24** Second Reading - Consent Calendar `reading-2`
- **2021-05-24** Held on Calendar Order of Second Reading - Consent Calendar `reading-2`
- **2021-05-25** Placed on Calendar Order of 3rd Reading - Consent Calendar
- **2021-05-26** Third Reading - Consent Calendar - First Day `reading-3`
- **2021-05-27** Third Reading - Consent Calendar - Passed 116-000-000 `passage, reading-3`
- **2021-05-27** Passed Both Houses
- **2021-06-25** Sent to the Governor `executive-receipt`
- **2021-08-06** Governor Approved `executive-signature`
- **2021-08-06** Effective Date August 6, 2021
- **2021-08-06** Public Act . . . . . . . . . 102-0285 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/1edf5952-6bf3-4b9c-8d06-8c8116a5f272`. Confidence: reported (aggregated from official Illinois legislature records).