---
type: "Bill"
title: "STATE MONEY INVEST-SHORT TERM"
description: "Amends the Deposit of State Moneys Act. Provides that the State Treasurer may, with the approval of the Governor, invest State money in short-term obligations of corporations organized in the United States with assets exceeding $500,000,000 if, among other things, the obligations mature not later than 270 (instead of 180) days after the date of purchase. Effective immediately."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "96th"
identifier: "HB 3670"
citation: "Illinois HB 3670 (96th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 26
vote_count: 2
first_action: "2009-02-24"
last_action: "2009-08-14"
source: "openstates"
source_identifier: "ocd-bill/c59f1551-d2ce-4afb-b48b-824e11fe9eee"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=3670&GAID=10&DocTypeID=HB&LegId=46448&SessionID=76&GA=96"
source_hash: "fe39f64d5d1d2b2e90685fa7599b93c7e87a13655ebd64e88f17e883ef725a08"
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 HB 3670 (96th) — STATE MONEY INVEST-SHORT TERM

Amends the Deposit of State Moneys Act. Provides that the State Treasurer may, with the approval of the Governor, invest State money in short-term obligations of corporations organized in the United States with assets exceeding $500,000,000 if, among other things, the obligations mature not later than 270 (instead of 180) days after the date of purchase. Effective immediately.

## Version chain

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

1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600HB3670&GA=96&SessionId=76&DocTypeId=HB&LegID=46448&DocNum=3670&GAID=10&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600HB3670eng&GA=96&SessionId=76&DocTypeId=HB&LegID=46448&DocNum=3670&GAID=10&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600HB3670enr&GA=96&SessionId=76&DocTypeId=HB&LegID=46448&DocNum=3670&GAID=10&Session=&print=true)

## Votes

- Third Reading — **116–0** (pass) · lower
- Third Reading — **58–0** (pass) · upper

## Sponsors

- James D. Brosnahan — primary (person)

## Timeline

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

- **2009-02-24** Filed with the Clerk by Rep. James D. Brosnahan `filing`
- **2009-02-24** First Reading `reading-1`
- **2009-02-24** Referred to Rules Committee `referral-committee`
- **2009-03-03** Assigned to State Government Administration Committee `referral-committee`
- **2009-03-11** Added Chief Co-Sponsor Rep. Jack D. Franks
- **2009-03-11** Do Pass / Short Debate State Government Administration Committee; 017-000-000 `committee-passage`
- **2009-03-12** Placed on Calendar 2nd Reading - Short Debate
- **2009-03-17** Second Reading - Short Debate `reading-2`
- **2009-03-17** Placed on Calendar Order of 3rd Reading - Short Debate
- **2009-03-18** Third Reading - Short Debate - Passed 116-000-000 `reading-3, passage`
- **2009-03-18** Arrive in Senate `introduction`
- **2009-03-18** Placed on Calendar Order of First Reading March 19, 2009 `reading-1`
- **2009-03-18** Chief Senate Sponsor Sen. Dan Kotowski
- **2009-03-19** First Reading `reading-1`
- **2009-03-19** Referred to Assignments `referral-committee`
- **2009-04-22** Assigned to State Government and Veterans Affairs `referral-committee`
- **2009-04-30** Do Pass State Government and Veterans Affairs; 008-000-000 `committee-passage`
- **2009-04-30** Placed on Calendar Order of 2nd Reading May 5, 2009
- **2009-05-12** Second Reading `reading-2`
- **2009-05-12** Placed on Calendar Order of 3rd Reading ** May 18, 2009
- **2009-05-19** Third Reading - Passed; 058-000-000 `reading-3, passage`
- **2009-05-19** Passed Both Houses
- **2009-06-17** Sent to the Governor `executive-receipt`
- **2009-08-14** Governor Approved `executive-signature`
- **2009-08-14** Effective Date August 14, 2009
- **2009-08-14** Public Act . . . . . . . . . 96-0469 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/c59f1551-d2ce-4afb-b48b-824e11fe9eee`. Confidence: reported (aggregated from official Illinois legislature records).