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republic-os/legislation/us/states/il/99th/hb-5884.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 INVEST-NOT-FOR-PROFIT Amends the Public Funds Investment Act. Provides that municipalities may invest up to $250,000 in public funds in not-for-profit community development financial institutions. Requires the financial institutions to have at least $5,000,000 in net assets and to have earned at least an "A" rating by an investment rating organization. Provides that the investments made shall be made for a term and at a rate acceptable to the municipality and the municipality may set benchmarks in order to continue investing in the not-for-profit community development financial institution. us/states/il Illinois General Assembly 99th HB 5884 Illinois HB 5884 (99th)
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3 32 2 2016-02-11 2016-07-29 openstates ocd-bill/1f96e0ad-c401-463a-9c5a-e3e02754d5a2 http://ilga.gov/legislation/BillStatus.asp?DocNum=5884&GAID=13&DocTypeID=HB&LegId=95366&SessionID=88&GA=99 52c36660a11054f65c072e88cf0840bcb5efdd449c2ed516f200f7c1c01d7c34 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 HB 5884 (99th) — MUNI INVEST-NOT-FOR-PROFIT

Amends the Public Funds Investment Act. Provides that municipalities may invest up to $250,000 in public funds in not-for-profit community development financial institutions. Requires the financial institutions to have at least $5,000,000 in net assets and to have earned at least an "A" rating by an investment rating organization. Provides that the investments made shall be made for a term and at a rate acceptable to the municipality and the municipality may set benchmarks in order to continue investing in the not-for-profit community development financial institution.

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 — 55–0 (pass) · upper
  • Third Reading — 114–0 (pass) · lower

Sponsors

  • Katherine Cloonen — primary (person)

Timeline

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

  • 2016-02-11 Filed with the Clerk by Rep. Katherine Cloonen filing
  • 2016-02-11 First Reading reading-1
  • 2016-02-11 Referred to Rules Committee referral-committee
  • 2016-03-23 Assigned to Cities & Villages Committee referral-committee
  • 2016-04-04 Do Pass / Short Debate Cities & Villages Committee; 006-001-000 committee-passage
  • 2016-04-05 Placed on Calendar 2nd Reading - Short Debate
  • 2016-04-05 House Floor Amendment No. 1 Filed with Clerk by Rep. Katherine Cloonen amendment-introduction
  • 2016-04-05 House Floor Amendment No. 1 Referred to Rules Committee referral-committee
  • 2016-04-06 House Floor Amendment No. 1 Rules Refers to Cities & Villages Committee
  • 2016-04-13 House Floor Amendment No. 1 Recommends Be Adopted Cities & Villages Committee; 004-000-000 committee-passage-favorable
  • 2016-04-13 Second Reading - Short Debate reading-2
  • 2016-04-13 House Floor Amendment No. 1 Adopted amendment-passage
  • 2016-04-13 Placed on Calendar Order of 3rd Reading - Short Debate
  • 2016-04-14 Third Reading - Short Debate - Passed 114-000-000 reading-3, passage
  • 2016-04-14 Added Chief Co-Sponsor Rep. Donald L. Moffitt
  • 2016-04-14 Arrive in Senate introduction
  • 2016-04-14 Placed on Calendar Order of First Reading April 18, 2016 reading-1
  • 2016-04-15 Chief Senate Sponsor Sen. Toi W. Hutchinson
  • 2016-04-18 First Reading reading-1
  • 2016-04-18 Referred to Assignments referral-committee
  • 2016-04-27 Assigned to Revenue referral-committee
  • 2016-05-10 Do Pass Revenue; 009-000-000 committee-passage
  • 2016-05-10 Placed on Calendar Order of 2nd Reading May 11, 2016
  • 2016-05-17 Second Reading reading-2
  • 2016-05-17 Placed on Calendar Order of 3rd Reading May 18, 2016
  • 2016-05-27 Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2016
  • 2016-05-30 Third Reading - Passed; 055-000-000 reading-3, passage
  • 2016-05-30 Passed Both Houses
  • 2016-06-27 Sent to the Governor executive-receipt
  • 2016-07-29 Governor Approved executive-signature
  • 2016-07-29 Effective Date July 29, 2016
  • 2016-07-29 Public Act . . . . . . . . . 99-0676 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/1f96e0ad-c401-463a-9c5a-e3e02754d5a2. Confidence: reported (aggregated from official Illinois legislature records).

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