Fabio
186 lines
13 KiB
Markdown
186 lines
13 KiB
Markdown
---
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type: "Bill"
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title: "DEPOSIT OF PUBLIC MONEYS"
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description: "Amends the Deposit of State Moneys Act, the Public Funds Deposit Act, the State Officers and Employees Money Disposition Act, and the Public Funds Investment Act. Provides that a treasurer or custodian of public funds may accept, as security for public funds deposited into a bank (i) certain securities authorized by certain provisions of the Deposit of State Moneys Act, the Public Funds Investment Act, or the Public Funds Deposit Act, and (ii) certificates issued by a financial institution with assets of $15,000,000 (instead of $30,000,000) or more. Authorizes a public agency, when depositing public funds, to enter into an agreement with financial institutions requiring that any non-insured funds be collateralized by certain classes of securities. Makes other changes. 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: "SB 1784"
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citation: "Illinois SB 1784 (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: 121
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vote_count: 2
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first_action: "2003-02-20"
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last_action: "2003-08-20"
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source: "openstates"
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source_identifier: "ocd-bill/311c3ded-d60c-47cf-a52e-188233e1093d"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=1784&GAID=3&DocTypeID=SB&LegId=5132&SessionID=3&GA=93"
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source_hash: "18e96d6c43ca1cf539c5ab19136708181aaac1f8ffe9f5940ec7837d927180dc"
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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 1784 (93rd) — DEPOSIT OF PUBLIC MONEYS
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Amends the Deposit of State Moneys Act, the Public Funds Deposit Act, the State Officers and Employees Money Disposition Act, and the Public Funds Investment Act. Provides that a treasurer or custodian of public funds may accept, as security for public funds deposited into a bank (i) certain securities authorized by certain provisions of the Deposit of State Moneys Act, the Public Funds Investment Act, or the Public Funds Deposit Act, and (ii) certificates issued by a financial institution with assets of $15,000,000 (instead of $30,000,000) or more. Authorizes a public agency, when depositing public funds, to enter into an agreement with financial institutions requiring that any non-insured funds be collateralized by certain classes of securities. Makes other changes. 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=09300SB1784&GA=93&SessionId=3&DocTypeId=SB&LegID=5132&DocNum=1784&GAID=3&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300SB1784eng&GA=93&SessionId=3&DocTypeId=SB&LegID=5132&DocNum=1784&GAID=3&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300SB1784enr&GA=93&SessionId=3&DocTypeId=SB&LegID=5132&DocNum=1784&GAID=3&Session=&print=true)
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## Votes
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- Third Reading — **56–0** (pass) · upper
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- Third Reading — **94–0** (pass) · lower
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## Sponsors
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- Joe Dunn — cosponsor (person)
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- Karen A. Yarbrough — cosponsor (person)
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- Marlow H. Colvin — cosponsor (person)
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- Mary E. Flowers — cosponsor (person)
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- Sandra M. Pihos — cosponsor (person)
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- Terry Link — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2003-02-20** Filed with Secretary by Sen. Terry Link `filing`
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- **2003-02-20** First Reading `reading-1`
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- **2003-02-20** Referred to Rules `referral-committee`
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- **2003-02-27** Assigned to State Government `referral-committee`
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- **2003-03-04** Added as Chief Co-Sponsor Sen. Dan Rutherford
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- **2003-03-13** Do Pass State Government; 006-000-000 `committee-passage`
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- **2003-03-13** Placed on Calendar Order of 2nd Reading March 18, 2003
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- **2003-03-18** Fiscal Note Requested by Sen. Dale E. Risinger
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- **2003-03-24** Added as Co-Sponsor Sen. Mattie Hunter
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- **2003-03-25** Added as Co-Sponsor Sen. Larry D. Woolard
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- **2003-03-25** Fiscal Note Filed
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- **2003-03-26** Second Reading `reading-2`
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- **2003-03-26** Placed on Calendar Order of 3rd Reading March 27, 2003
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- **2003-03-26** Fiscal Note Filed from the Treasurer of the State of Illinois
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- **2003-03-27** Added as Co-Sponsor Sen. Wendell E. Jones
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- **2003-03-27** Third Reading - Passed; 056-000-000 `reading-3, passage`
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- **2003-03-27** Arrived in House `introduction`
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- **2003-03-27** Placed on Calendar Order of First Reading `reading-1`
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- **2003-03-27** Chief House Sponsor Rep. Michael J. Madigan
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- **2003-03-27** First Reading `reading-1`
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- **2003-03-27** Referred to Rules Committee `referral-committee`
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- **2003-04-02** Alternate Chief Sponsor Changed to Rep. Barbara Flynn Currie
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- **2003-05-05** Committee/3rd Reading Deadline Extended-Rule 9(b); May 31, 2003
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- **2003-05-05** Assigned to Executive Committee `referral-committee`
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- **2003-05-21** House Committee Amendment No. 1 Filed with Clerk by Executive Committee `amendment-introduction`
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- **2003-05-21** House Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote `amendment-passage`
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- **2003-05-21** Do Pass as Amended / Short Debate Executive Committee; 007-004-000 `committee-passage`
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- **2003-05-21** Placed on Calendar 2nd Reading - Short Debate
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- **2003-05-23** Third Reading/Final Action Deadline Extended-9(b) May 31, 2003 `reading-3`
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- **2003-05-27** Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
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- **2003-05-27** House Floor Amendment No. 2 Filed with Clerk by Rep. Barbara Flynn Currie `amendment-introduction`
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- **2003-05-27** House Floor Amendment No. 2 Referred to Rules Committee `referral-committee`
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- **2003-05-28** Fiscal Note Filed as amended by House Amendment No. 2
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- **2003-05-28** State Debt Impact Note Filed as amended by House Amendment No. 2
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- **2003-05-28** House Floor Amendment No. 2 Rules Refers to Executive Committee
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- **2003-05-28** State Debt Impact Note Filed as amended by House Amendment No. 1
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- **2003-05-28** Housing Affordability Impact Note Filed as amended by House Amendment No. 2
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- **2003-05-28** State Mandates Fiscal Note Filed as amended by House Amendment No. 1
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- **2003-05-28** State Mandates Fiscal Note Filed as amended by House Amendment No. 2
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- **2003-05-28** Home Rule Note Filed as amended by House Amendment No. 1
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- **2003-05-28** Home Rule Note Filed as amended by House Amendment No. 2
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- **2003-05-29** Judicial Note Filed as amended by House Amendment No. 1
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- **2003-05-29** Judicial Note Filed as amended by House Amendment No. 2
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- **2003-05-29** Home Rule Note Filed as amended by House Amendment No. 2 - revised
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- **2003-05-29** Fiscal Note Filed as amended by House Amendment No. 1
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- **2003-05-29** Fiscal Note Filed as amended by House Amendment No. 2
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- **2003-05-29** House Floor Amendment No. 2 Recommends Be Adopted Executive Committee; 008-002-001 `committee-passage-favorable`
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- **2003-05-29** House Floor Amendment No. 3 Filed with Clerk by Rep. Barbara Flynn Currie `amendment-introduction`
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- **2003-05-29** House Floor Amendment No. 3 Referred to Rules Committee `referral-committee`
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- **2003-05-29** Added Alternate Chief Co-Sponsor Rep. Karen A. Yarbrough
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- **2003-05-29** Fiscal Note Filed as amended by House Amendment No. 1
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- **2003-05-29** Added Alternate Chief Co-Sponsor Rep. Marlow H. Colvin
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- **2003-05-29** House Floor Amendment No. 3 Recommends Be Adopted Rules Committee; 004-000-000 `committee-passage-favorable`
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- **2003-05-29** State Debt Impact Note Filed as amended by House Amendment No. 3
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- **2003-05-29** Judicial Note Filed as amended by House Amendment No. 3
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- **2003-05-29** Fiscal Note Filed as amended by House Amendment No. 3
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- **2003-05-29** Fiscal Note Filed as amended by House Amendment No. 3
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- **2003-05-29** Second Reading - Short Debate `reading-2`
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- **2003-05-29** Held on Calendar Order of Second Reading - Short Debate `reading-2`
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- **2003-05-29** Housing Affordability Impact Note Filed as amended by House Amendment No. 1
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- **2003-05-29** Housing Affordability Impact Note Filed as amended by House Amendment No. 3
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- **2003-05-29** Added Alternate Chief Co-Sponsor Rep. Eddie Washington
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- **2003-05-29** State Mandates Fiscal Note Filed as amended by House Amendment No. 3
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- **2003-05-29** Home Rule Note Filed as amended by House Amendment No. 3
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- **2003-05-29** Added Alternate Chief Co-Sponsor Rep. William B. Black
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- **2003-05-29** Added Alternate Co-Sponsor Rep. Mary E. Flowers
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- **2003-05-29** Added Alternate Co-Sponsor Rep. Sandra M. Pihos
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- **2003-05-29** Added Alternate Co-Sponsor Rep. Joe Dunn
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- **2003-05-29** Added Alternate Chief Co-Sponsor Rep. John A. Fritchey
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- **2003-05-29** Added Alternate Chief Co-Sponsor Rep. Frank Aguilar
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- **2003-05-29** Added Alternate Co-Sponsor Rep. Karen A. Yarbrough
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- **2003-05-29** Added Alternate Co-Sponsor Rep. Marlow H. Colvin
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- **2003-05-29** House Floor Amendment No. 2 Adopted by Voice Vote `amendment-passage`
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- **2003-05-29** House Floor Amendment No. 3 Adopted by Voice Vote `amendment-passage`
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- **2003-05-29** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2003-05-29** Alternate Chief Co-Sponsor Changed to Rep. William B. Black
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- **2003-05-29** Alternate Chief Co-Sponsor Changed to Rep. John A. Fritchey
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- **2003-05-29** Alternate Chief Co-Sponsor Changed to Rep. Frank Aguilar
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- **2003-05-29** Alternate Chief Co-Sponsor Changed to Rep. William B. Black
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- **2003-05-29** Alternate Chief Co-Sponsor Changed to Rep. John A. Fritchey
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- **2003-05-29** Alternate Chief Co-Sponsor Changed to Rep. Frank Aguilar
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- **2003-05-30** Added as Co-Sponsor Sen. Susan Garrett
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- **2003-05-30** Added as Co-Sponsor Sen. Dave Syverson
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- **2003-05-30** Added as Co-Sponsor Sen. Carol Ronen
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- **2003-05-30** Sponsor Removed Rep. Eddie Washington
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- **2003-05-30** Added Alternate Chief Co-Sponsor Rep. Karen A. Yarbrough
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- **2003-05-30** Added Alternate Co-Sponsor Rep. Monique D. Davis
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- **2003-05-30** Third Reading - Short Debate - Passed 094-000-023 `reading-3, passage`
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- **2003-05-30** Added Alternate Chief Co-Sponsor Rep. Monique D. Davis
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- **2003-05-30** Added Alternate Co-Sponsor Rep. Karen A. Yarbrough
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- **2003-05-30** Added as Co-Sponsor Sen. William R. Haine; as Amended
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- **2003-05-30** Added as Co-Sponsor Sen. Iris Y. Martinez
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- **2003-05-30** Added as Co-Sponsor Sen. Kathleen L. Wojcik
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- **2003-05-30** Added as Co-Sponsor Sen. M. Maggie Crotty
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- **2003-05-30** Secretary's Desk - Concurrence House Amendment(s) 01,02,03
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- **2003-05-30** Placed on Calendar Order of Concurrence House Amendment(s) 01,02,03 - May 31, 2003
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- **2003-05-30** House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Terry Link `filing`
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- **2003-05-30** House Committee Amendment No. 1 Motion to Concur Referred to Rules `referral-committee`
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- **2003-05-30** House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Terry Link `filing`
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- **2003-05-30** House Floor Amendment No. 2 Motion to Concur Referred to Rules `referral-committee`
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- **2003-05-30** House Floor Amendment No. 3 Motion to Concur Filed with Secretary Sen. Terry Link `filing`
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- **2003-05-30** House Floor Amendment No. 3 Motion to Concur Referred to Rules `referral-committee`
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- **2003-05-30** Added as Chief Co-Sponsor Sen. Jeffrey M. Schoenberg
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- **2003-05-30** Added as Chief Co-Sponsor Sen. Kimberly A. Lightford
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- **2003-05-30** House Committee Amendment No. 1 Motion to Concur Rules Referred to Executive `referral-committee`
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- **2003-05-30** House Floor Amendment No. 2 Motion to Concur Rules Referred to Executive `referral-committee`
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- **2003-05-30** House Floor Amendment No. 3 Motion to Concur Rules Referred to Executive `referral-committee`
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- **2003-05-30** House Committee Amendment No. 1 Motion to Concur Be Adopted Executive; 012-000-000
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- **2003-05-30** House Floor Amendment No. 2 Motion to Concur Be Adopted Executive; 012-000-000
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- **2003-05-30** House Floor Amendment No. 3 Motion to Concur Be Adopted Executive; 012-000-000
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- **2003-05-30** Added as Co-Sponsor Sen. Don Harmon
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- **2003-05-31** Added as Co-Sponsor Sen. Barack Obama
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- **2003-05-31** Added as Co-Sponsor Sen. Martin A. Sandoval
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- **2003-05-31** House Committee Amendment No. 1 Senate Concurs 059-000-000
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- **2003-05-31** House Floor Amendment No. 2 Senate Concurs 059-000-000
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- **2003-05-31** House Floor Amendment No. 3 Senate Concurs 059-000-000
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- **2003-05-31** Passed Both Houses
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- **2003-06-27** Sent to the Governor `executive-receipt`
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- **2003-08-20** Governor Approved `executive-signature`
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- **2003-08-20** Effective Date January 1, 2004
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- **2003-08-20** Public Act . . . . . . . . . 93-0561 `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/311c3ded-d60c-47cf-a52e-188233e1093d`. Confidence: reported (aggregated from official Illinois legislature records).
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