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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 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. us/states/il Illinois General Assembly 102nd SB 273 Illinois SB 273 (102nd)
bill
enacted
Donald P. DeWitte
Marcus C. Evans, Jr.
4 33 1 2021-02-19 2021-08-06 openstates ocd-bill/1edf5952-6bf3-4b9c-8d06-8c8116a5f272 https://ilga.gov/legislation/BillStatus.asp?DocNum=273&GAID=16&DocTypeID=SB&LegId=131271&SessionID=110&GA=102 8541570a58b24e11e3025b886b757b293e76097428dfa072a28508e8e9f0f9f4 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
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
  2. Engrossed (committee substitute) — source
  3. Senate Amendment 001 (committee substitute) — source
  4. Enrolled (enrolled) — source

Votes

  • Third Reading — 1160 (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; origin ocd-bill/1edf5952-6bf3-4b9c-8d06-8c8116a5f272. Confidence: reported (aggregated from official Illinois legislature records).