Fabio
5.5 KiB
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 | ||||
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| Bill | PUBLIC FUNDS-INVESTMENT | Amends the Public Funds Investment Act. Provides that whenever a public agency invests public funds in an interest-bearing savings account, interest-bearing certificate of deposit, or interest-bearing time deposit, the statutory requirements pertaining to the eligibility of a bank to receive or hold public deposits or to the pledging of collateral by a bank to secure public deposits do not apply to any bank receiving or holding all or part of the invested public funds if (i) the public agency initiates the investment at or through a bank having its main office in Illinois and (ii) the invested public funds are at all time fully insured by an agency or instrumentality of the federal government. Effective immediately. | us/states/il | Illinois General Assembly | 93rd | HB 4495 | Illinois HB 4495 (93rd) |
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enacted | 3 | 30 | 2 | 2004-02-03 | 2004-07-16 | openstates | ocd-bill/0256ec9f-434b-4043-b474-4ee3058540e1 | http://ilga.gov/legislation/BillStatus.asp?DocNum=4495&GAID=3&DocTypeID=HB&LegId=8936&SessionID=3&GA=93 | 66d844fb7fded45407dce6f88dc490232614949ec75b2793d85da12524539755 | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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Illinois HB 4495 (93rd) — PUBLIC FUNDS-INVESTMENT
Amends the Public Funds Investment Act. Provides that whenever a public agency invests public funds in an interest-bearing savings account, interest-bearing certificate of deposit, or interest-bearing time deposit, the statutory requirements pertaining to the eligibility of a bank to receive or hold public deposits or to the pledging of collateral by a bank to secure public deposits do not apply to any bank receiving or holding all or part of the invested public funds if (i) the public agency initiates the investment at or through a bank having its main office in Illinois and (ii) the invested public funds are at all time fully insured by an agency or instrumentality of the federal government. Effective immediately.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Votes
- Third Reading — 115–0 (pass) · lower
- Third Reading — 57–0 (pass) · upper
Sponsors
- Joseph M. Lyons — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
- 2004-02-03 Filed with the Clerk by Rep. Joseph M. Lyons
filing - 2004-02-03 First Reading
reading-1 - 2004-02-03 Referred to Rules Committee
referral-committee - 2004-02-09 Added Chief Co-Sponsor Rep. Bill Mitchell
- 2004-02-19 Assigned to Financial Institutions Committee
referral-committee - 2004-03-03 House Committee Amendment No. 1 Filed with Clerk by Financial Institutions Committee
amendment-introduction - 2004-03-03 House Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote
amendment-passage - 2004-03-03 Do Pass as Amended / Short Debate Financial Institutions Committee; 018-000-000
committee-passage - 2004-03-03 Placed on Calendar 2nd Reading - Short Debate
- 2004-03-03 Added Chief Co-Sponsor Rep. Thomas Holbrook
- 2004-03-19 Fiscal Note Filed
- 2004-03-23 Second Reading - Short Debate
reading-2 - 2004-03-23 Placed on Calendar Order of 3rd Reading - Short Debate
- 2004-03-24 Third Reading - Short Debate - Passed 115-000-001
reading-3, passage - 2004-03-25 Arrive in Senate
introduction - 2004-03-25 Placed on Calendar Order of First Reading March 26, 2004
reading-1 - 2004-03-26 Chief Senate Sponsor Sen. Terry Link
- 2004-03-26 First Reading
reading-1 - 2004-03-26 Referred to Rules
referral-committee - 2004-04-15 Assigned to Financial Institutions
referral-committee - 2004-04-22 Do Pass Financial Institutions; 008-000-000
committee-passage - 2004-04-22 Placed on Calendar Order of 2nd Reading April 27, 2004
- 2004-04-29 Second Reading
reading-2 - 2004-04-29 Placed on Calendar Order of 3rd Reading May 4, 2004
- 2004-05-05 Third Reading - Passed; 057-000-000
reading-3, passage - 2004-05-05 Passed Both Houses
- 2004-06-03 Sent to the Governor
executive-receipt - 2004-07-16 Governor Approved
executive-signature - 2004-07-16 Effective Date July 16, 2004
- 2004-07-16 Public Act . . . . . . . . . 93-0756
became-law
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/0256ec9f-434b-4043-b474-4ee3058540e1. Confidence: reported (aggregated from official Illinois legislature records).