Fabio
92 lines
5.4 KiB
Markdown
92 lines
5.4 KiB
Markdown
---
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type: "Bill"
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title: "MUNI CD-PUBLIC FUNDS INVEST"
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description: "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."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "98th"
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identifier: "SB 1950"
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citation: "Illinois SB 1950 (98th)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: []
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version_count: 3
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action_count: 32
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vote_count: 2
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first_action: "2013-02-15"
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last_action: "2013-08-09"
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source: "openstates"
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source_identifier: "ocd-bill/1c425b42-e2ee-4a18-92cc-6f7eb0448140"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=1950&GAID=12&DocTypeID=SB&LegId=73528&SessionID=85&GA=98"
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source_hash: "f7bf0162d506c6ef0b7d26701ca2e2701fc10d4b44ea56a9e71c7d3034aa96c5"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-il"]
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---
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# Illinois SB 1950 (98th) — MUNI CD-PUBLIC FUNDS INVEST
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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.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09800SB1950&GA=98&SessionId=85&DocTypeId=SB&LegID=73528&DocNum=1950&GAID=12&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09800SB1950eng&GA=98&SessionId=85&DocTypeId=SB&LegID=73528&DocNum=1950&GAID=12&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09800SB1950enr&GA=98&SessionId=85&DocTypeId=SB&LegID=73528&DocNum=1950&GAID=12&Session=&print=true)
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## Votes
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- Third Reading — **113–0** (pass) · lower
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- Third Reading — **52–0** (pass) · upper
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## Sponsors
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- Pamela J. Althoff — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2013-02-15** Filed with Secretary by Sen. Pamela J. Althoff `filing`
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- **2013-02-15** First Reading `reading-1`
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- **2013-02-15** Referred to Assignments `referral-committee`
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- **2013-03-05** Assigned to Local Government `referral-committee`
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- **2013-03-13** Do Pass Local Government; 012-000-000 `committee-passage`
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- **2013-03-13** Placed on Calendar Order of 2nd Reading March 14, 2013
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- **2013-03-19** Senate Floor Amendment No. 1 Filed with Secretary by Sen. Pamela J. Althoff `amendment-introduction`
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- **2013-03-19** Senate Floor Amendment No. 1 Referred to Assignments `referral-committee`
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- **2013-03-21** Second Reading `reading-2`
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- **2013-03-21** Placed on Calendar Order of 3rd Reading April 10, 2013
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- **2013-03-21** Senate Floor Amendment No. 1 Assignments Refers to Local Government
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- **2013-04-11** Senate Floor Amendment No. 1 Recommend Do Adopt Local Government; 014-000-000
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- **2013-04-12** Recalled to Second Reading `reading-2`
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- **2013-04-12** Senate Floor Amendment No. 1 Adopted; Althoff `amendment-passage`
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- **2013-04-12** Placed on Calendar Order of 3rd Reading April 16, 2013
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- **2013-04-17** Third Reading - Passed; 052-000-000 `reading-3, passage`
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- **2013-04-17** Arrived in House `introduction`
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- **2013-04-17** Chief House Sponsor Rep. Jack D. Franks
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- **2013-04-17** First Reading `reading-1`
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- **2013-04-17** Referred to Rules Committee `referral-committee`
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- **2013-04-24** Assigned to Counties & Townships Committee `referral-committee`
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- **2013-05-01** Added Alternate Chief Co-Sponsor Rep. Al Riley
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- **2013-05-02** Do Pass / Short Debate Counties & Townships Committee; 004-000-000 `committee-passage`
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- **2013-05-02** Placed on Calendar 2nd Reading - Short Debate
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- **2013-05-09** Second Reading - Short Debate `reading-2`
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- **2013-05-09** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2013-05-17** Third Reading - Short Debate - Passed 113-000-000 `reading-3, passage`
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- **2013-05-17** Passed Both Houses
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- **2013-06-14** Sent to the Governor `executive-receipt`
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- **2013-08-09** Governor Approved `executive-signature`
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- **2013-08-09** Effective Date January 1, 2014
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- **2013-08-09** Public Act . . . . . . . . . 98-0297 `became-law`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/1c425b42-e2ee-4a18-92cc-6f7eb0448140`. Confidence: reported (aggregated from official Illinois legislature records).
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