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---
type: "Bill"
title: "TREASURER-DEPOSIT OF ST MONEYS"
description: "Amends the Deposit of State Moneys Act. Provides requirements and makes changes concerning financial institutions and depositories throughout the Act. Provides that the Act shall govern the deposit of State moneys for all public funds under the custody or control of the State Treasurer. Repeals specified provisions. Amends the Public Funds Investment Act and the Public Funds Deposit Act. Provides that those Acts do not apply to the Illinois State Treasurer, whose investment of State funds shall be governed by the Deposit of State Moneys Act. Defines terms. Makes conforming and other changes. Effective immediately."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "102nd"
identifier: "SB 653"
citation: "Illinois SB 653 (102nd)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Kambium Buckner", "Robert Peters"]
version_count: 4
action_count: 31
vote_count: 2
first_action: "2021-02-24"
last_action: "2021-08-06"
source: "openstates"
source_identifier: "ocd-bill/55fe7fed-cc13-435d-802b-4ddf9bdf6589"
source_url: "https://ilga.gov/legislation/BillStatus.asp?DocNum=653&GAID=16&DocTypeID=SB&LegId=133253&SessionID=110&GA=102"
source_hash: "c407e97413a7fff0bde3eaa85b5c07eb454671119a13d81e59e5bfede7d4ac8e"
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 653 (102nd) — TREASURER-DEPOSIT OF ST MONEYS
Amends the Deposit of State Moneys Act. Provides requirements and makes changes concerning financial institutions and depositories throughout the Act. Provides that the Act shall govern the deposit of State moneys for all public funds under the custody or control of the State Treasurer. Repeals specified provisions. Amends the Public Funds Investment Act and the Public Funds Deposit Act. Provides that those Acts do not apply to the Illinois State Treasurer, whose investment of State funds shall be governed by the Deposit of State Moneys Act. Defines terms. Makes conforming and other changes. Effective immediately.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **Introduced** (filed) — [source](https://ilga.gov/legislation/102/SB/PDF/10200SB0653.pdf)
2. **Engrossed** (committee substitute) — [source](https://ilga.gov/legislation/102/SB/PDF/10200SB0653eng.pdf)
3. **Senate Amendment 001** (committee substitute) — [source](https://ilga.gov/legislation/102/SB/PDF/10200SB0653sam001.pdf)
4. **Enrolled** (enrolled) — [source](https://ilga.gov/legislation/102/SB/PDF/10200SB0653enr.pdf)
## Votes
- Third Reading — **1160** (pass) · lower
- Third Reading — **580** (pass) · upper
## Sponsors
- Kambium Buckner — primary (person)
- Robert Peters — primary (person)
- Jacqueline Y. Collins — cosponsor (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2021-02-24** Filed with Secretary by Sen. Robert Peters `filing`
- **2021-02-24** First Reading `reading-1`
- **2021-02-24** Referred to Assignments `referral-committee`
- **2021-03-09** Assigned to Financial Institutions `referral-committee`
- **2021-03-25** Senate Committee Amendment No. 1 Filed with Secretary by Sen. Robert Peters `amendment-introduction`
- **2021-03-25** Senate Committee Amendment No. 1 Referred to Assignments `referral-committee`
- **2021-04-07** Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
- **2021-04-14** Senate Committee Amendment No. 1 Adopted `amendment-passage`
- **2021-04-15** Do Pass as Amended Financial Institutions; 008-000-000 `committee-passage`
- **2021-04-15** Placed on Calendar Order of 2nd Reading April 20, 2021
- **2021-04-20** Second Reading `reading-2`
- **2021-04-20** Placed on Calendar Order of 3rd Reading ** April 21, 2021
- **2021-04-21** Added as Co-Sponsor Sen. Jacqueline Y. Collins
- **2021-04-23** Third Reading - Passed; 058-000-000 `passage, reading-3`
- **2021-04-26** Arrived in House `introduction`
- **2021-04-26** Chief House Sponsor Rep. Kambium Buckner
- **2021-04-27** First Reading `reading-1`
- **2021-04-27** 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 . . . . . . . . . 102-0297 `became-law`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/55fe7fed-cc13-435d-802b-4ddf9bdf6589`. Confidence: reported (aggregated from official Illinois legislature records).