Fabio
87 lines
5.1 KiB
Markdown
87 lines
5.1 KiB
Markdown
---
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type: "Bill"
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title: "TREASURER-DEPOSIT OF ST MONEY"
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description: "Amends the Deposit of State Moneys Act. Modifies a Section concerning agreements entered into by the State Treasurer with any bank or savings and loan association relating to the deposit of securities. Provides that such agreements may authorize the holding of securities in any bank or a depository trust company in the United States (rather than New York City). Adds to the classes of securities that the State Treasurer may accept as collateral for deposits not insured by an agency of the federal government. Adds to and modifies the investments in which the State Treasurer may invest or reinvest on behalf of the State. Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "101st"
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identifier: "SB 1289"
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citation: "Illinois SB 1289 (101st)"
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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: 25
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vote_count: 2
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first_action: "2019-02-07"
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last_action: "2019-08-02"
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source: "openstates"
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source_identifier: "ocd-bill/97543e57-1a9d-46c2-a1fc-92fb37c091a4"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=1289&GAID=15&DocTypeID=SB&LegId=117873&SessionID=108&GA=101"
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source_hash: "a1e0383d8e35ac3f3b1a0baa94820aa97681a61db3496281bef14512985acea6"
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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 1289 (101st) — TREASURER-DEPOSIT OF ST MONEY
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Amends the Deposit of State Moneys Act. Modifies a Section concerning agreements entered into by the State Treasurer with any bank or savings and loan association relating to the deposit of securities. Provides that such agreements may authorize the holding of securities in any bank or a depository trust company in the United States (rather than New York City). Adds to the classes of securities that the State Treasurer may accept as collateral for deposits not insured by an agency of the federal government. Adds to and modifies the investments in which the State Treasurer may invest or reinvest on behalf of the State. 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=10100SB1289&GA=101&SessionId=108&DocTypeId=SB&LegID=117873&DocNum=1289&GAID=15&SpecSess=&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10100SB1289eng&GA=101&SessionId=108&DocTypeId=SB&LegID=117873&DocNum=1289&GAID=15&SpecSess=&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10100SB1289enr&GA=101&SessionId=108&DocTypeId=SB&LegID=117873&DocNum=1289&GAID=15&SpecSess=&Session=&print=true)
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## Votes
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- Third Reading — **114–1** (pass) · lower
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- Third Reading — **53–0** (pass) · upper
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## Sponsors
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- Jacqueline Y. Collins — primary (person)
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- Laura M. Murphy — cosponsor (person)
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- Stephanie A. Kifowit — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2019-02-07** Filed with Secretary by Sen. Jacqueline Y. Collins `filing`
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- **2019-02-07** First Reading `reading-1`
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- **2019-02-07** Referred to Assignments `referral-committee`
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- **2019-02-13** Assigned to Financial Institutions `referral-committee`
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- **2019-02-19** Added as Co-Sponsor Sen. Laura M. Murphy
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- **2019-02-20** Do Pass Financial Institutions; 008-000-000 `committee-passage`
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- **2019-02-20** Placed on Calendar Order of 2nd Reading February 21, 2019
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- **2019-02-21** Second Reading `reading-2`
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- **2019-02-21** Placed on Calendar Order of 3rd Reading March 5, 2019
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- **2019-03-07** Third Reading - Passed; 053-000-000 `reading-3, passage`
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- **2019-03-07** Arrived in House `introduction`
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- **2019-03-13** Chief House Sponsor Rep. Stephanie A. Kifowit
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- **2019-03-14** First Reading `reading-1`
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- **2019-03-14** Referred to Rules Committee `referral-committee`
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- **2019-04-09** Assigned to State Government Administration Committee `referral-committee`
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- **2019-05-01** Do Pass / Short Debate State Government Administration Committee; 010-000-000 `committee-passage`
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- **2019-05-02** Placed on Calendar 2nd Reading - Short Debate
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- **2019-05-14** Second Reading - Short Debate `reading-2`
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- **2019-05-14** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2019-05-21** Third Reading - Short Debate - Passed 114-001-000 `reading-3, passage`
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- **2019-05-21** Passed Both Houses
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- **2019-06-19** Sent to the Governor `executive-receipt`
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- **2019-08-02** Governor Approved `executive-signature`
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- **2019-08-02** Effective Date August 2, 2019
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- **2019-08-02** Public Act . . . . . . . . . 101-0206 `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/97543e57-1a9d-46c2-a1fc-92fb37c091a4`. Confidence: reported (aggregated from official Illinois legislature records).
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