republic-os/legislation/us/states/il/100th/hb-4573.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	PUBLIC FUNDS-CORPORATIONS	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.	us/states/il	Illinois General Assembly	100th	HB 4573	Illinois HB 4573 (100th)	bill		enacted		3	28	2	2018-02-06	2018-08-10	openstates	ocd-bill/0c352e96-a776-4dbb-8554-2a0afcfd94d3	http://ilga.gov/legislation/BillStatus.asp?DocNum=4573&GAID=14&DocTypeID=HB&LegId=109654&SessionID=91&GA=100	5f25e30ba46629371833a52768eb8bfd2f1857576a11cd7ba46abb266b4a56fc	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-il

Illinois HB 4573 (100th) — PUBLIC FUNDS-CORPORATIONS

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.

Version chain

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

1. Introduced (filed) — source
2. Engrossed (committee substitute) — source
3. Enrolled (enrolled) — source

Votes

• Third Reading — 95–9 (pass) · lower
• Third Reading — 57–0 (pass) · upper

Sponsors

• Michael J. Zalewski — primary (person)

Timeline

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

• 2018-02-06 Filed with the Clerk by Rep. Michael J. Zalewski filing
• 2018-02-06 First Reading reading-1
• 2018-02-06 Referred to Rules Committee referral-committee
• 2018-02-21 Assigned to Cities & Villages Committee referral-committee
• 2018-02-27 Do Pass / Short Debate Cities & Villages Committee; 012-000-000 committee-passage
• 2018-02-28 Placed on Calendar 2nd Reading - Short Debate
• 2018-03-01 Second Reading - Short Debate reading-2
• 2018-03-01 Placed on Calendar Order of 3rd Reading - Short Debate
• 2018-03-07 Third Reading - Short Debate - Passed 095-009-000 reading-3, passage
• 2018-03-09 Arrive in Senate introduction
• 2018-03-09 Placed on Calendar Order of First Reading March 13, 2018 reading-1
• 2018-04-04 Chief Senate Sponsor Sen. Emil Jones, III
• 2018-04-04 First Reading reading-1
• 2018-04-04 Referred to Assignments referral-committee
• 2018-04-25 Assigned to Local Government referral-committee
• 2018-05-01 Added as Alternate Chief Co-Sponsor Sen. Karen McConnaughay
• 2018-05-02 Do Pass Local Government; 005-000-000 committee-passage
• 2018-05-02 Placed on Calendar Order of 2nd Reading May 3, 2018
• 2018-05-02 Added as Alternate Chief Co-Sponsor Sen. Linda Holmes
• 2018-05-23 Second Reading reading-2
• 2018-05-23 Placed on Calendar Order of 3rd Reading May 24, 2018
• 2018-05-25 Rule 2-10 Third Reading Deadline Established As May 31, 2018 reading-3
• 2018-05-29 Third Reading - Passed; 057-000-000 reading-3, passage
• 2018-05-29 Passed Both Houses
• 2018-06-27 Sent to the Governor executive-receipt
• 2018-08-10 Governor Approved executive-signature
• 2018-08-10 Effective Date August 10, 2018
• 2018-08-10 Public Act . . . . . . . . . 100-0752 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/0c352e96-a776-4dbb-8554-2a0afcfd94d3. Confidence: reported (aggregated from official Illinois legislature records).