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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 TREASURER-PERMITTED INVESTMENT Amends the Deposit of State Moneys Act. Provides that whenever the total amount of vouchers presented to the Comptroller exceeds the funds available in the general funds by $1,000,000,000 or more, the State Treasurer may invest or reinvest any State money in the Treasury which is not needed for current expenditures, or any money in the State Treasury which has been set aside and held for the payment of the principal of and the interest on any State bonds, in qualified account receivables under the Vendor Payment Program established by the Comptroller and the Department of Central Management Services. Provides that the State Treasurer shall be a qualified purchaser under the Vendor Payment Program and shall have priority over any other qualified purchasers when purchasing qualified account receivables. Provides that the interest penalty paid on any funds invested or reinvested by the State Treasurer under specified provisions shall be 0.3% per month or 0.01% per day. us/states/il Illinois General Assembly 100th SB 2858 Illinois SB 2858 (100th)
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3 55 3 2018-02-14 2018-08-27 openstates ocd-bill/e5136f97-a06b-44b8-b141-6e25592697de http://ilga.gov/legislation/BillStatus.asp?DocNum=2858&GAID=14&DocTypeID=SB&LegId=110035&SessionID=91&GA=100 f63e8c76c53ec044d9a9e9463e0f06b4190f4d71f5c97ee8e264ef3da536fe68 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
legislation
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us-il

Illinois SB 2858 (100th) — TREASURER-PERMITTED INVESTMENT

Amends the Deposit of State Moneys Act. Provides that whenever the total amount of vouchers presented to the Comptroller exceeds the funds available in the general funds by $1,000,000,000 or more, the State Treasurer may invest or reinvest any State money in the Treasury which is not needed for current expenditures, or any money in the State Treasury which has been set aside and held for the payment of the principal of and the interest on any State bonds, in qualified account receivables under the Vendor Payment Program established by the Comptroller and the Department of Central Management Services. Provides that the State Treasurer shall be a qualified purchaser under the Vendor Payment Program and shall have priority over any other qualified purchasers when purchasing qualified account receivables. Provides that the interest penalty paid on any funds invested or reinvested by the State Treasurer under specified provisions shall be 0.3% per month or 0.01% per day.

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 — 3914 (pass) · upper
  • Third Reading — 1150 (pass) · lower
  • Concurrence — 491 (pass) · upper

Sponsors

  • Heather A. Steans — primary (person)
  • Nick Sauer — cosponsor (person)

Timeline

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

  • 2018-02-14 Filed with Secretary by Sen. Heather A. Steans filing
  • 2018-02-14 First Reading reading-1
  • 2018-02-14 Referred to Assignments referral-committee
  • 2018-02-21 Assigned to State Government referral-committee
  • 2018-02-28 Added as Chief Co-Sponsor Sen. Patricia Van Pelt
  • 2018-03-01 Do Pass State Government; 006-002-000 committee-passage
  • 2018-03-01 Placed on Calendar Order of 2nd Reading March 13, 2018
  • 2018-04-10 Second Reading reading-2
  • 2018-04-10 Placed on Calendar Order of 3rd Reading April 11, 2018
  • 2018-04-19 Added as Co-Sponsor Sen. Ira I. Silverstein
  • 2018-04-19 Added as Co-Sponsor Sen. Julie A. Morrison
  • 2018-04-19 Sponsor Removed Sen. Julie A. Morrison
  • 2018-04-20 Added as Chief Co-Sponsor Sen. Thomas Cullerton
  • 2018-04-20 Added as Chief Co-Sponsor Sen. Mattie Hunter
  • 2018-04-25 Added as Chief Co-Sponsor Sen. Julie A. Morrison
  • 2018-04-25 Third Reading - Passed; 039-014-003 reading-3, passage
  • 2018-04-25 Added as Co-Sponsor Sen. Laura M. Murphy
  • 2018-04-25 Arrived in House introduction
  • 2018-04-25 Chief House Sponsor Rep. Gregory Harris
  • 2018-04-26 First Reading reading-1
  • 2018-04-26 Referred to Rules Committee referral-committee
  • 2018-05-14 Assigned to Executive Committee referral-committee
  • 2018-05-18 Final Action Deadline Extended-9(b) May 25, 2018
  • 2018-05-22 House Committee Amendment No. 1 Filed with Clerk by Rep. Gregory Harris amendment-introduction
  • 2018-05-22 House Committee Amendment No. 1 Referred to Rules Committee referral-committee
  • 2018-05-23 House Committee Amendment No. 1 Rules Refers to Executive Committee
  • 2018-05-24 House Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote amendment-passage
  • 2018-05-24 Do Pass as Amended / Short Debate Executive Committee; 009-002-000 committee-passage
  • 2018-05-24 Placed on Calendar 2nd Reading - Short Debate
  • 2018-05-24 Second Reading - Short Debate reading-2
  • 2018-05-24 Held on Calendar Order of Second Reading - Short Debate reading-2
  • 2018-05-25 Added Alternate Chief Co-Sponsor Rep. Robert W. Pritchard
  • 2018-05-25 Added Alternate Chief Co-Sponsor Rep. David Harris
  • 2018-05-25 Final Action Deadline Extended-9(b) May 31, 2018
  • 2018-05-28 Added Alternate Chief Co-Sponsor Rep. Stephanie A. Kifowit
  • 2018-05-29 Added Alternate Chief Co-Sponsor Rep. Mark Batinick
  • 2018-05-29 Placed on Calendar Order of 3rd Reading - Short Debate
  • 2018-05-29 Removed from Short Debate Status
  • 2018-05-29 Placed on Calendar Order of 3rd Reading - Standard Debate
  • 2018-05-29 Third Reading - Standard Debate - Passed 115-000-000 reading-3, passage
  • 2018-05-29 Added Alternate Co-Sponsor Rep. Nick Sauer
  • 2018-05-29 Secretary's Desk - Concurrence House Amendment(s) 1
  • 2018-05-29 Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 30, 2018
  • 2018-05-29 House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Heather A. Steans filing
  • 2018-05-29 House Committee Amendment No. 1 Motion to Concur Referred to Assignments referral-committee
  • 2018-05-30 House Committee Amendment No. 1 Motion to Concur Assignments Referred to State Government referral-committee
  • 2018-05-30 House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt State Government; 006-002-000
  • 2018-05-31 House Committee Amendment No. 1 Senate Concurs 049-001-000
  • 2018-05-31 Senate Concurs
  • 2018-05-31 Passed Both Houses
  • 2018-05-31 Added as Co-Sponsor Sen. Elgie R. Sims, Jr.
  • 2018-06-29 Sent to the Governor executive-receipt
  • 2018-08-27 Governor Approved executive-signature
  • 2018-08-27 Effective Date August 27, 2018
  • 2018-08-27 Public Act . . . . . . . . . 100-1107 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/e5136f97-a06b-44b8-b141-6e25592697de. Confidence: reported (aggregated from official Illinois legislature records).