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republic-os/legislation/us/states/il/98th/sb-1950.md
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Fabio 5941153bb7 Legislation: batch B — IL IN KS KY LA MA MD ME MI MN 
Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 17:27:20 -04:00

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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 MUNI CD-PUBLIC FUNDS INVEST Amends the Public Funds Investment Act. Provides that any unit of local government (now, municipalities and counties only) may invest its public funds in interest bearing bonds of any county, township, city, village, incorporated town, municipal corporation, or school district, of the State of Illinois, of any other state, or of any political subdivision or agency of the State of Illinois or of any other state. Amends the Municipal Code to provide that municipalities are authorized to invest the funds and public moneys in the custody of the municipal treasurer in accordance with the Public Funds Investment Act. us/states/il Illinois General Assembly 98th SB 1950 Illinois SB 1950 (98th)
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3 32 2 2013-02-15 2013-08-09 openstates ocd-bill/1c425b42-e2ee-4a18-92cc-6f7eb0448140 http://ilga.gov/legislation/BillStatus.asp?DocNum=1950&GAID=12&DocTypeID=SB&LegId=73528&SessionID=85&GA=98 f7bf0162d506c6ef0b7d26701ca2e2701fc10d4b44ea56a9e71c7d3034aa96c5 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
legislation
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us-il

Illinois SB 1950 (98th) — MUNI CD-PUBLIC FUNDS INVEST

Amends the Public Funds Investment Act. Provides that any unit of local government (now, municipalities and counties only) may invest its public funds in interest bearing bonds of any county, township, city, village, incorporated town, municipal corporation, or school district, of the State of Illinois, of any other state, or of any political subdivision or agency of the State of Illinois or of any other state. Amends the Municipal Code to provide that municipalities are authorized to invest the funds and public moneys in the custody of the municipal treasurer in accordance with the Public Funds Investment Act.

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 — 113–0 (pass) · lower
  • Third Reading — 52–0 (pass) · upper

Sponsors

  • Pamela J. Althoff — primary (person)

Timeline

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

  • 2013-02-15 Filed with Secretary by Sen. Pamela J. Althoff filing
  • 2013-02-15 First Reading reading-1
  • 2013-02-15 Referred to Assignments referral-committee
  • 2013-03-05 Assigned to Local Government referral-committee
  • 2013-03-13 Do Pass Local Government; 012-000-000 committee-passage
  • 2013-03-13 Placed on Calendar Order of 2nd Reading March 14, 2013
  • 2013-03-19 Senate Floor Amendment No. 1 Filed with Secretary by Sen. Pamela J. Althoff amendment-introduction
  • 2013-03-19 Senate Floor Amendment No. 1 Referred to Assignments referral-committee
  • 2013-03-21 Second Reading reading-2
  • 2013-03-21 Placed on Calendar Order of 3rd Reading April 10, 2013
  • 2013-03-21 Senate Floor Amendment No. 1 Assignments Refers to Local Government
  • 2013-04-11 Senate Floor Amendment No. 1 Recommend Do Adopt Local Government; 014-000-000
  • 2013-04-12 Recalled to Second Reading reading-2
  • 2013-04-12 Senate Floor Amendment No. 1 Adopted; Althoff amendment-passage
  • 2013-04-12 Placed on Calendar Order of 3rd Reading April 16, 2013
  • 2013-04-17 Third Reading - Passed; 052-000-000 reading-3, passage
  • 2013-04-17 Arrived in House introduction
  • 2013-04-17 Chief House Sponsor Rep. Jack D. Franks
  • 2013-04-17 First Reading reading-1
  • 2013-04-17 Referred to Rules Committee referral-committee
  • 2013-04-24 Assigned to Counties & Townships Committee referral-committee
  • 2013-05-01 Added Alternate Chief Co-Sponsor Rep. Al Riley
  • 2013-05-02 Do Pass / Short Debate Counties & Townships Committee; 004-000-000 committee-passage
  • 2013-05-02 Placed on Calendar 2nd Reading - Short Debate
  • 2013-05-09 Second Reading - Short Debate reading-2
  • 2013-05-09 Placed on Calendar Order of 3rd Reading - Short Debate
  • 2013-05-17 Third Reading - Short Debate - Passed 113-000-000 reading-3, passage
  • 2013-05-17 Passed Both Houses
  • 2013-06-14 Sent to the Governor executive-receipt
  • 2013-08-09 Governor Approved executive-signature
  • 2013-08-09 Effective Date January 1, 2014
  • 2013-08-09 Public Act . . . . . . . . . 98-0297 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/1c425b42-e2ee-4a18-92cc-6f7eb0448140. Confidence: reported (aggregated from official Illinois legislature records).

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