Fabio
88 lines
4.6 KiB
Markdown
88 lines
4.6 KiB
Markdown
---
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type: "Bill"
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title: "PUBLIC FUNDS-CORPORATIONS"
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description: "Amends the Public Funds Investment Act. Provides that any public agency may invest any public funds in obligations (currently, short term obligations) of corporations organized in the United States with assets exceeding $500,000,000 if such obligations mature not later than 3 years (currently, 270 days) from the date of purchase, in addition to other criteria. Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "100th"
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identifier: "HB 4573"
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citation: "Illinois HB 4573 (100th)"
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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: 28
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vote_count: 2
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first_action: "2018-02-06"
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last_action: "2018-08-10"
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source: "openstates"
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source_identifier: "ocd-bill/0c352e96-a776-4dbb-8554-2a0afcfd94d3"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=4573&GAID=14&DocTypeID=HB&LegId=109654&SessionID=91&GA=100"
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source_hash: "5f25e30ba46629371833a52768eb8bfd2f1857576a11cd7ba46abb266b4a56fc"
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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 HB 4573 (100th) — PUBLIC FUNDS-CORPORATIONS
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Amends the Public Funds Investment Act. Provides that any public agency may invest any public funds in obligations (currently, short term obligations) of corporations organized in the United States with assets exceeding $500,000,000 if such obligations mature not later than 3 years (currently, 270 days) from the date of purchase, in addition to other criteria. Effective immediately.
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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=10000HB4573&GA=100&SessionId=91&DocTypeId=HB&LegID=109654&DocNum=4573&GAID=14&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000HB4573eng&GA=100&SessionId=91&DocTypeId=HB&LegID=109654&DocNum=4573&GAID=14&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000HB4573enr&GA=100&SessionId=91&DocTypeId=HB&LegID=109654&DocNum=4573&GAID=14&Session=&print=true)
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## Votes
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- Third Reading — **95–9** (pass) · lower
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- Third Reading — **57–0** (pass) · upper
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## Sponsors
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- Michael J. Zalewski — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2018-02-06** Filed with the Clerk by Rep. Michael J. Zalewski `filing`
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- **2018-02-06** First Reading `reading-1`
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- **2018-02-06** Referred to Rules Committee `referral-committee`
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- **2018-02-21** Assigned to Cities & Villages Committee `referral-committee`
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- **2018-02-27** Do Pass / Short Debate Cities & Villages Committee; 012-000-000 `committee-passage`
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- **2018-02-28** Placed on Calendar 2nd Reading - Short Debate
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- **2018-03-01** Second Reading - Short Debate `reading-2`
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- **2018-03-01** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2018-03-07** Third Reading - Short Debate - Passed 095-009-000 `reading-3, passage`
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- **2018-03-09** Arrive in Senate `introduction`
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- **2018-03-09** Placed on Calendar Order of First Reading March 13, 2018 `reading-1`
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- **2018-04-04** Chief Senate Sponsor Sen. Emil Jones, III
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- **2018-04-04** First Reading `reading-1`
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- **2018-04-04** Referred to Assignments `referral-committee`
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- **2018-04-25** Assigned to Local Government `referral-committee`
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- **2018-05-01** Added as Alternate Chief Co-Sponsor Sen. Karen McConnaughay
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- **2018-05-02** Do Pass Local Government; 005-000-000 `committee-passage`
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- **2018-05-02** Placed on Calendar Order of 2nd Reading May 3, 2018
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- **2018-05-02** Added as Alternate Chief Co-Sponsor Sen. Linda Holmes
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- **2018-05-23** Second Reading `reading-2`
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- **2018-05-23** Placed on Calendar Order of 3rd Reading May 24, 2018
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- **2018-05-25** Rule 2-10 Third Reading Deadline Established As May 31, 2018 `reading-3`
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- **2018-05-29** Third Reading - Passed; 057-000-000 `reading-3, passage`
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- **2018-05-29** Passed Both Houses
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- **2018-06-27** Sent to the Governor `executive-receipt`
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- **2018-08-10** Governor Approved `executive-signature`
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- **2018-08-10** Effective Date August 10, 2018
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- **2018-08-10** Public Act . . . . . . . . . 100-0752 `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/0c352e96-a776-4dbb-8554-2a0afcfd94d3`. Confidence: reported (aggregated from official Illinois legislature records).
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