---
type: "Bill"
title: "DEPOSIT OF STATE MONEYS-LLC"
description: "Amends the Deposit of State Moneys Act. Makes a technical change in a Section concerning interest on deposits."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "97th"
identifier: "SB 1263"
citation: "Illinois SB 1263 (97th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 34
vote_count: 2
first_action: "2011-02-08"
last_action: "2011-08-08"
source: "openstates"
source_identifier: "ocd-bill/17cd392d-5f30-4d42-90f3-aebb44be8bb9"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=1263&GAID=11&DocTypeID=SB&LegId=56906&SessionID=84&GA=97"
source_hash: "072b2dcfa402c5f44119bc54c3cb4fdb643fe1c3bb2c30614a024e7a55865a9a"
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 1263 (97th) — DEPOSIT OF STATE MONEYS-LLC

Amends the Deposit of State Moneys Act. Makes a technical change in a Section concerning interest on deposits.

## 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=09700SB1263&GA=97&SessionId=84&DocTypeId=SB&LegID=56906&DocNum=1263&GAID=11&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09700SB1263eng&GA=97&SessionId=84&DocTypeId=SB&LegID=56906&DocNum=1263&GAID=11&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09700SB1263enr&GA=97&SessionId=84&DocTypeId=SB&LegID=56906&DocNum=1263&GAID=11&Session=&print=true)

## Votes

- Third Reading — **114–0** (pass) · lower
- Third Reading — **55–0** (pass) · upper

## Sponsors

- Michael G. Connelly — cosponsor (person)
- Suzi Schmidt — primary (person)

## Timeline

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

- **2011-02-08** Filed with Secretary by Sen. Christine Radogno `filing`
- **2011-02-08** First Reading `reading-1`
- **2011-02-08** Referred to Assignments `referral-committee`
- **2011-03-09** Assigned to Executive `referral-committee`
- **2011-03-17** Do Pass Executive; 015-000-000 `committee-passage`
- **2011-03-17** Placed on Calendar Order of 2nd Reading March 17, 2011
- **2011-04-08** Senate Floor Amendment No. 1 Filed with Secretary by Sen. Suzi Schmidt `amendment-introduction`
- **2011-04-08** Senate Floor Amendment No. 1 Referred to Assignments `referral-committee`
- **2011-04-08** Chief Sponsor Changed to Sen. Suzi Schmidt
- **2011-04-11** Second Reading `reading-2`
- **2011-04-11** Placed on Calendar Order of 3rd Reading April 12, 2011
- **2011-04-11** Senate Floor Amendment No. 1 Assignments Refers to Financial Institutions
- **2011-04-12** Senate Floor Amendment No. 1 Recommend Do Adopt Financial Institutions; 010-000-000
- **2011-04-13** Recalled to Second Reading `reading-2`
- **2011-04-13** Senate Floor Amendment No. 1 Adopted; Schmidt `amendment-passage`
- **2011-04-13** Placed on Calendar Order of 3rd Reading
- **2011-04-13** Third Reading - Passed; 055-000-000 `reading-3, passage`
- **2011-04-14** Arrived in House `introduction`
- **2011-04-14** Placed on Calendar Order of First Reading `reading-1`
- **2011-04-14** Chief House Sponsor Rep. Raymond Poe
- **2011-04-14** First Reading `reading-1`
- **2011-04-14** Referred to Rules Committee `referral-committee`
- **2011-04-21** Assigned to Financial Institutions Committee `referral-committee`
- **2011-05-03** Do Pass / Short Debate Financial Institutions Committee; 015-000-000 `committee-passage`
- **2011-05-04** Placed on Calendar 2nd Reading - Short Debate
- **2011-05-05** Added Alternate Co-Sponsor Rep. Michael G. Connelly
- **2011-05-10** Second Reading - Short Debate `reading-2`
- **2011-05-10** Placed on Calendar Order of 3rd Reading - Short Debate
- **2011-05-11** Third Reading - Short Debate - Passed 114-000-000 `reading-3, passage`
- **2011-05-11** Passed Both Houses
- **2011-06-09** Sent to the Governor `executive-receipt`
- **2011-08-08** Governor Approved `executive-signature`
- **2011-08-08** Effective Date August 8, 2011
- **2011-08-08** Public Act . . . . . . . . . 97-0277 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/17cd392d-5f30-4d42-90f3-aebb44be8bb9`. Confidence: reported (aggregated from official Illinois legislature records).