Fabio
90 lines
5.3 KiB
Markdown
90 lines
5.3 KiB
Markdown
---
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type: "Bill"
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title: "MUNICIPALITY-BOND INVESTMENT"
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description: "Amends the Public Funds Investment Act and the Investment of Municipal Funds Act. Provides that a county, park district, sanitary district, or other municipal corporation may, by resolution or by ordinance (now, by ordinance only) use money in specified funds to purchase bonds and other interest bearing obligations of states other than the State of Illinois or of any political subdivision or agency of the State of Illinois or of any other state, whether the interest earned thereon is taxable or tax-exempt under federal law (now, the funds can only be used to purchase only certain municipal bonds or bonds and other interest bearing obligations of the United States and the State of Illinois). Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "93rd"
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identifier: "HB 273"
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citation: "Illinois HB 273 (93rd)"
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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: 29
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vote_count: 2
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first_action: "2003-01-23"
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last_action: "2003-07-24"
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source: "openstates"
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source_identifier: "ocd-bill/23fffcb8-e3e2-4145-89c6-c3dfa7838395"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=273&GAID=3&DocTypeID=HB&LegId=598&SessionID=3&GA=93"
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source_hash: "6e8e625ae16688666c4d0a457d796c70cf6705f5b50466cfa4ce9f3a5416e2e2"
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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 273 (93rd) — MUNICIPALITY-BOND INVESTMENT
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Amends the Public Funds Investment Act and the Investment of Municipal Funds Act. Provides that a county, park district, sanitary district, or other municipal corporation may, by resolution or by ordinance (now, by ordinance only) use money in specified funds to purchase bonds and other interest bearing obligations of states other than the State of Illinois or of any political subdivision or agency of the State of Illinois or of any other state, whether the interest earned thereon is taxable or tax-exempt under federal law (now, the funds can only be used to purchase only certain municipal bonds or bonds and other interest bearing obligations of the United States and the State of Illinois). 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=09300HB0273&GA=93&SessionId=3&DocTypeId=HB&LegID=598&DocNum=273&GAID=3&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300HB0273eng&GA=93&SessionId=3&DocTypeId=HB&LegID=598&DocNum=273&GAID=3&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300HB0273enr&GA=93&SessionId=3&DocTypeId=HB&LegID=598&DocNum=273&GAID=3&Session=&print=true)
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## Votes
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- Third Reading — **35–21** (pass) · upper
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- Third Reading — **104–0** (pass) · lower
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## Sponsors
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- Bill Brady — cosponsor (person)
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- Dan Brady — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2003-01-23** Filed with the Clerk by Rep. Dan Brady `filing`
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- **2003-01-23** First Reading `reading-1`
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- **2003-01-23** Referred to Rules Committee `referral-committee`
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- **2003-01-29** Assigned to Local Government Committee `referral-committee`
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- **2003-02-06** Do Pass / Short Debate Local Government Committee; 022-000-000 `committee-passage`
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- **2003-02-06** Placed on Calendar 2nd Reading - Short Debate
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- **2003-02-06** Added Co-Sponsor Rep. Michael K. Smith
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- **2003-02-06** Added Chief Co-Sponsor Rep. Sidney H. Mathias
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- **2003-02-19** Second Reading - Short Debate `reading-2`
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- **2003-02-19** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2003-02-20** Added Chief Co-Sponsor Rep. Frank J. Mautino
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- **2003-02-21** Third Reading - Short Debate - Passed 104-000-000 `reading-3, passage`
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- **2003-02-26** Arrive in Senate `introduction`
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- **2003-02-26** Placed on Calendar Order of First Reading `reading-1`
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- **2003-02-26** Chief Senate Sponsor Sen. Terry Link
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- **2003-02-26** First Reading `reading-1`
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- **2003-02-26** Referred to Rules `referral-committee`
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- **2003-04-10** Assigned to Local Government `referral-committee`
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- **2003-04-30** Do Pass Local Government; 006-004-000 `committee-passage`
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- **2003-04-30** Placed on Calendar Order of 2nd Reading May 1, 2003
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- **2003-05-06** Second Reading `reading-2`
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- **2003-05-06** Placed on Calendar Order of 3rd Reading May 7, 2003
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- **2003-05-06** Added as Alternate Co-Sponsor Sen. Bill Brady
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- **2003-05-09** Third Reading - Passed; 035-021-001 `reading-3, passage`
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- **2003-05-09** Passed Both Houses
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- **2003-06-06** Sent to the Governor `executive-receipt`
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- **2003-07-24** Governor Approved `executive-signature`
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- **2003-07-24** Effective Date July 24, 2003
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- **2003-07-24** Public Act . . . . . . . . . 93-0360 `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/23fffcb8-e3e2-4145-89c6-c3dfa7838395`. Confidence: reported (aggregated from official Illinois legislature records).
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