<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 4625         </title>
<shortdesc>TREASURER-COLLEGE SAVINGS POOL</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Katie Stuart and Mike Murphy</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>15 ILCS 505/16.5</reference><aliasreference></aliasreference><SynopsisText>     Amends the State Treasurer Act. Modifies provisions concerning the College Savings Pool. Provides that the State Treasurer, in administering the College Savings Pool, may, among other actions, perform any other action he or she deems necessary to administer the Pool. Provides that the State Treasurer may delegate duties related to the College Savings Pool to one or more contractors. Provides that any fees, costs, and expenses related to the College Savings Pool shall be paid from the assets of the College Savings Pool. Provides further requirements concerning fees of the College Savings Pool. Modifies provisions concerning investment restrictions, distributions, and contributions of the College Savings Pool. Removes provisions requiring the maintenance of specified records. Modifies defined terms. Makes conforming and other changes. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/5/2020</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Katie Stuart</action>
<statusdate>2/5/2020</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/5/2020</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/18/2020</statusdate><chamber>House</chamber><action>Assigned to State Government Administration Committee</action>
<statusdate>2/26/2020</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Mike Murphy</action>
<statusdate>2/26/2020</statusdate><chamber>House</chamber><action>Do Pass / Short Debate State Government Administration Committee;  009-000-000</action>
<statusdate>2/27/2020</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
<statusdate>3/4/2020</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>3/4/2020</statusdate><chamber>House</chamber><action>Placed on Calendar Order of 3rd Reading - Short Debate</action>
<statusdate>6/23/2020</statusdate><chamber>House</chamber><action>Rule 19(b) / Re-referred to Rules Committee</action>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

