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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 SCH CD-CASH AND FUNDS Amends the School Code. In provisions concerning custody of school funds, provides that each school district and school board must submit a quarterly report to the State Board of Education that contains information regarding (1) the amount of funds that each school district has in its reserves, (2) the amount of funds that each school district has in its investments, and (3) the number of days that each school district has cash on hand. Requires each school district and school board to publish and maintain the information in each quarterly report on its Internet website. Provides that any school district or school board reporting more than 250 days cash on hand shall spend any excess cash on hand funds beyond the 250 days on educational services, including hiring teachers, paraprofessionals, nurses, librarians, social workers, counselors, or psychologists. Effective immediately. us/states/il Illinois General Assembly 103rd SB 1994 Illinois SB 1994 (103rd)
bill
enacted
Lance Yednock
Meg Loughran Cappel
6 49 7 2023-02-09 2023-07-28 openstates ocd-bill/a9e4c2ef-e01e-4a2f-9189-902451823482 https://beta.ilga.gov/Legislation/BillStatus?DocNum=1994&GAID=17&DocTypeID=SB&LegId=146857&SessionID=112 93b88e9acc551561044da0679910f13df83d153d735e4e0868ecbc889aa6301a 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
legislation
bill
us-il

Illinois SB 1994 (103rd) — SCH CD-CASH AND FUNDS

Amends the School Code. In provisions concerning custody of school funds, provides that each school district and school board must submit a quarterly report to the State Board of Education that contains information regarding (1) the amount of funds that each school district has in its reserves, (2) the amount of funds that each school district has in its investments, and (3) the number of days that each school district has cash on hand. Requires each school district and school board to publish and maintain the information in each quarterly report on its Internet website. Provides that any school district or school board reporting more than 250 days cash on hand shall spend any excess cash on hand funds beyond the 250 days on educational services, including hiring teachers, paraprofessionals, nurses, librarians, social workers, counselors, or psychologists. 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. House Amendment 001 (committee substitute) — source
  4. Senate Amendment 001 (committee substitute) — source
  5. Senate Amendment 002 (committee substitute) — source
  6. Enrolled (enrolled) — source

Votes

  • Third Reading — 1130 (pass) · lower
  • Elem Sec Ed: Adm., Lic. & Charter — 90 (pass) · lower
  • Third Reading — 550 (pass) · lower
  • Education, Amendment 2 — 101 (pass) · lower
  • Concurrence — 570 (pass) · lower
  • Education — 100 (pass) · lower
  • Education — 120 (pass) · lower

Sponsors

  • Lance Yednock — primary (person)
  • Meg Loughran Cappel — primary (person)
  • Natalie A. Manley — cosponsor (person)

Timeline

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

  • 2023-02-09 Filed with Secretary by Sen. Meg Loughran Cappel filing
  • 2023-02-09 First Reading reading-1
  • 2023-02-09 Referred to Assignments
  • 2023-02-21 Assigned to Education referral-committee
  • 2023-03-08 Do Pass Education; 010-000-000
  • 2023-03-08 Placed on Calendar Order of 2nd Reading March 9, 2023 reading-2
  • 2023-03-21 Senate Floor Amendment No. 1 Filed with Secretary by Sen. Meg Loughran Cappel amendment-introduction
  • 2023-03-21 Senate Floor Amendment No. 1 Referred to Assignments
  • 2023-03-28 Senate Floor Amendment No. 2 Filed with Secretary by Sen. Meg Loughran Cappel amendment-introduction
  • 2023-03-28 Senate Floor Amendment No. 2 Referred to Assignments
  • 2023-03-28 Second Reading reading-2
  • 2023-03-28 Placed on Calendar Order of 3rd Reading March 29, 2023
  • 2023-03-28 Senate Floor Amendment No. 1 Assignments Refers to Education
  • 2023-03-28 Senate Floor Amendment No. 2 Assignments Refers to Education
  • 2023-03-29 Senate Floor Amendment No. 1 Postponed - Education
  • 2023-03-29 Senate Floor Amendment No. 2 Recommend Do Adopt Education; 010-001-002
  • 2023-03-30 Recalled to Second Reading reading-2
  • 2023-03-30 Senate Floor Amendment No. 2 Adopted; Loughran-Cappel amendment-passage
  • 2023-03-30 Placed on Calendar Order of 3rd Reading
  • 2023-03-30 Third Reading - Passed; 055-000-000 passage, reading-3
  • 2023-03-30 Senate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a) amendment-failure
  • 2023-03-31 Arrived in House introduction
  • 2023-03-31 Chief House Sponsor Rep. Lance Yednock
  • 2023-04-11 First Reading reading-1
  • 2023-04-11 Referred to Rules Committee
  • 2023-04-18 Assigned to Elementary & Secondary Education: Administration, Licensing & Charter Schools referral-committee
  • 2023-04-19 House Committee Amendment No. 1 Filed with Clerk by Rep. Lance Yednock amendment-introduction
  • 2023-04-19 House Committee Amendment No. 1 Referred to Rules Committee
  • 2023-04-25 House Committee Amendment No. 1 Rules Refers to Elementary & Secondary Education: Administration, Licensing & Charter Schools
  • 2023-04-26 House Committee Amendment No. 1 Adopted in Elementary & Secondary Education: Administration, Licensing & Charter Schools; by Voice Vote amendment-passage
  • 2023-04-26 Do Pass as Amended / Short Debate Elementary & Secondary Education: Administration, Licensing & Charter Schools; 009-000-000
  • 2023-04-27 Placed on Calendar 2nd Reading - Short Debate reading-2
  • 2023-04-27 Added Alternate Chief Co-Sponsor Rep. Natalie A. Manley
  • 2023-05-04 Second Reading - Short Debate reading-2
  • 2023-05-04 Placed on Calendar Order of 3rd Reading - Short Debate
  • 2023-05-10 Third Reading - Short Debate - Passed 113-000-000 passage, reading-3
  • 2023-05-11 Secretary's Desk - Concurrence House Amendment(s) 1
  • 2023-05-11 Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 15, 2023
  • 2023-05-16 House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Meg Loughran Cappel filing
  • 2023-05-16 House Committee Amendment No. 1 Motion to Concur Referred to Assignments
  • 2023-05-16 House Committee Amendment No. 1 Motion to Concur Assignments Referred to Education
  • 2023-05-16 House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Education; 012-000-000
  • 2023-05-19 House Committee Amendment No. 1 Senate Concurs 057-000-000
  • 2023-05-19 Senate Concurs
  • 2023-05-19 Passed Both Houses
  • 2023-06-16 Sent to the Governor executive-receipt
  • 2023-07-28 Governor Approved executive-signature
  • 2023-07-28 Effective Date July 28, 2023
  • 2023-07-28 Public Act . . . . . . . . . 103-0394 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/a9e4c2ef-e01e-4a2f-9189-902451823482. Confidence: reported (aggregated from official Illinois legislature records).