Fabio
98 lines
5.4 KiB
Markdown
98 lines
5.4 KiB
Markdown
---
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type: "Bill"
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title: "PUBLIC FUNDS INVESTMENT"
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description: "Amends the Public Funds Investment Act. Provides that park districts, forest preserve districts, and conservation districts may, like municipalities and counties, invest public funds in interest-bearing bonds of any political subdivision or agency of the State of Illinois, whether the interest earned is taxable or tax-exempt under federal law. Provides that bonds shall be registered in the name of the municipality, park district, forest preserve district, conservation district, or county. Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "98th"
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identifier: "HB 1353"
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citation: "Illinois HB 1353 (98th)"
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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: 36
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vote_count: 2
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first_action: "2013-02-06"
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last_action: "2013-08-16"
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source: "openstates"
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source_identifier: "ocd-bill/9954ed34-275d-4bc6-b775-4d113a7c60ae"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=1353&GAID=12&DocTypeID=HB&LegId=72079&SessionID=85&GA=98"
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source_hash: "5c120cfb15c3d80f4296409db5e683805b03fe1c8f2379b77acbfce5e0831b70"
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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 1353 (98th) — PUBLIC FUNDS INVESTMENT
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Amends the Public Funds Investment Act. Provides that park districts, forest preserve districts, and conservation districts may, like municipalities and counties, invest public funds in interest-bearing bonds of any political subdivision or agency of the State of Illinois, whether the interest earned is taxable or tax-exempt under federal law. Provides that bonds shall be registered in the name of the municipality, park district, forest preserve district, conservation district, or county. 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=09800HB1353&GA=98&SessionId=85&DocTypeId=HB&LegID=72079&DocNum=1353&GAID=12&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09800HB1353eng&GA=98&SessionId=85&DocTypeId=HB&LegID=72079&DocNum=1353&GAID=12&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09800HB1353enr&GA=98&SessionId=85&DocTypeId=HB&LegID=72079&DocNum=1353&GAID=12&Session=&print=true)
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## Votes
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- Third Reading — **111–0** (pass) · lower
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- Third Reading — **55–0** (pass) · upper
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## Sponsors
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- Emily McAsey — primary (person)
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- Jennifer Bertino-Tarrant — cosponsor (person)
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- Kimberly A. Lightford — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2013-02-06** Filed with the Clerk by Rep. Emily McAsey `filing`
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- **2013-02-06** First Reading `reading-1`
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- **2013-02-06** Referred to Rules Committee `referral-committee`
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- **2013-02-13** Assigned to Personnel and Pensions Committee `referral-committee`
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- **2013-02-21** Do Pass / Short Debate Personnel and Pensions Committee; 010-000-000 `committee-passage`
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- **2013-02-21** Placed on Calendar 2nd Reading - Short Debate
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- **2013-02-27** Second Reading - Short Debate `reading-2`
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- **2013-02-27** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2013-02-28** Added Co-Sponsor Rep. Esther Golar
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- **2013-02-28** Added Co-Sponsor Rep. Carol A. Sente
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- **2013-03-01** Added Co-Sponsor Rep. Jack D. Franks
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- **2013-03-01** Third Reading - Short Debate - Passed 111-000-000 `reading-3, passage`
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- **2013-03-01** Added Chief Co-Sponsor Rep. Dwight Kay
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- **2013-03-01** Remove Chief Co-Sponsor Rep. Dwight Kay
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- **2013-03-01** Added Chief Co-Sponsor Rep. Naomi D. Jakobsson
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- **2013-03-01** Chief Co-Sponsor Changed to Rep. Naomi D. Jakobsson
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- **2013-03-01** Added Chief Co-Sponsor Rep. Anthony DeLuca
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- **2013-03-05** Arrive in Senate `introduction`
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- **2013-03-05** Placed on Calendar Order of First Reading `reading-1`
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- **2013-03-05** Chief Senate Sponsor Sen. Linda Holmes
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- **2013-03-05** First Reading `reading-1`
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- **2013-03-05** Referred to Assignments `referral-committee`
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- **2013-03-12** Assigned to Local Government `referral-committee`
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- **2013-03-20** Do Pass Local Government; 012-000-000 `committee-passage`
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- **2013-03-20** Placed on Calendar Order of 2nd Reading March 21, 2013
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- **2013-04-10** Added as Alternate Co-Sponsor Sen. Jennifer Bertino-Tarrant
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- **2013-04-16** Second Reading `reading-2`
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- **2013-04-16** Placed on Calendar Order of 3rd Reading April 17, 2013
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- **2013-04-17** Added as Alternate Chief Co-Sponsor Sen. Melinda Bush
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- **2013-05-21** Added as Alternate Co-Sponsor Sen. Kimberly A. Lightford
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- **2013-05-21** Third Reading - Passed; 055-000-000 `reading-3, passage`
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- **2013-05-21** Passed Both Houses
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- **2013-06-19** Sent to the Governor `executive-receipt`
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- **2013-08-16** Governor Approved `executive-signature`
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- **2013-08-16** Effective Date August 16, 2013
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- **2013-08-16** Public Act . . . . . . . . . 98-0390 `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/9954ed34-275d-4bc6-b775-4d113a7c60ae`. Confidence: reported (aggregated from official Illinois legislature records).
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