republic-os/legislation/us/states/il/98th/sb-1812.md

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	FINANCE-DEMAND DEPOST ACCTS	Amends the Public Funds Deposit Act. Provides that, in addition to other investments permitted by law, any treasurer or other custodian of public funds may deposit those funds into demand deposit accounts. Excludes those deposits from statutory requirements pertaining to the eligibility of a bank to receive or hold public deposits, and to the pledging of collateral by a bank to secure public deposits, if (i) the public agency initiates the investment at or through a bank located in Illinois and (ii) the invested public funds are at all times fully insured by an agency or instrumentality of the federal government. Effective immediately.	us/states/il	Illinois General Assembly	98th	SB 1812	Illinois SB 1812 (98th)	bill		enacted		3	29	2	2013-02-15	2014-07-07	openstates	ocd-bill/e577d0a8-49ed-41dd-abe3-e067f036f96e	http://ilga.gov/legislation/BillStatus.asp?DocNum=1812&GAID=12&DocTypeID=SB&LegId=72735&SessionID=85&GA=98	ca6e802300a9efcaccc47a80eb2e6a90ec6d2ea031a4e8c3f27dd1787685617f	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-il

Illinois SB 1812 (98th) — FINANCE-DEMAND DEPOST ACCTS

Amends the Public Funds Deposit Act. Provides that, in addition to other investments permitted by law, any treasurer or other custodian of public funds may deposit those funds into demand deposit accounts. Excludes those deposits from statutory requirements pertaining to the eligibility of a bank to receive or hold public deposits, and to the pledging of collateral by a bank to secure public deposits, if (i) the public agency initiates the investment at or through a bank located in Illinois and (ii) the invested public funds are at all times 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.

1. Introduced (filed) — source
2. Engrossed (committee substitute) — source
3. Enrolled (enrolled) — source

Votes

• Third Reading — 110–1 (pass) · lower
• Third Reading — 50–0 (pass) · upper

Sponsors

• Terry Link — primary (person)

Timeline

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

• 2013-02-15 Filed with Secretary by Sen. Terry Link filing
• 2013-02-15 First Reading reading-1
• 2013-02-15 Referred to Assignments referral-committee
• 2013-02-27 Assigned to Financial Institutions referral-committee
• 2013-03-06 Do Pass Financial Institutions; 010-000-000 committee-passage
• 2013-03-06 Placed on Calendar Order of 2nd Reading March 7, 2013
• 2013-03-13 Second Reading reading-2
• 2013-03-13 Placed on Calendar Order of 3rd Reading March 14, 2013
• 2013-04-12 Added as Chief Co-Sponsor Sen. Michael Connelly
• 2013-04-12 Third Reading - Passed; 050-000-000 reading-3, passage
• 2013-04-12 Arrived in House introduction
• 2013-04-15 Chief House Sponsor Rep. Rich Brauer
• 2013-04-15 First Reading reading-1
• 2013-04-15 Referred to Rules Committee referral-committee
• 2014-01-28 Assigned to State Government Administration Committee referral-committee
• 2014-02-05 Do Pass / Short Debate State Government Administration Committee; 020-000-000 committee-passage
• 2014-02-05 Placed on Calendar 2nd Reading - Short Debate
• 2014-02-25 Second Reading - Short Debate reading-2
• 2014-02-25 Placed on Calendar Order of 3rd Reading - Short Debate
• 2014-04-09 Added Alternate Chief Co-Sponsor Rep. Frank J. Mautino
• 2014-04-09 Added Alternate Chief Co-Sponsor Rep. David R. Leitch
• 2014-04-09 Added Alternate Chief Co-Sponsor Rep. Tom Demmer
• 2014-04-09 Added Alternate Chief Co-Sponsor Rep. André M. Thapedi
• 2014-04-09 Third Reading - Short Debate - Passed 110-001-001 reading-3, passage
• 2014-04-09 Passed Both Houses
• 2014-05-08 Sent to the Governor executive-receipt
• 2014-07-07 Governor Approved executive-signature
• 2014-07-07 Effective Date July 7, 2014
• 2014-07-07 Public Act . . . . . . . . . 98-0703 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/e577d0a8-49ed-41dd-abe3-e067f036f96e. Confidence: reported (aggregated from official Illinois legislature records).