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<xml>
<title>Illinois General Assembly - Bill Status for SB 1263   </title>
<shortdesc>DEPOSIT OF STATE MONEYS-LLC</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Suzi Schmidt</sponsors>
<sponsorhead2>House Sponsors</sponsorhead2><altsponsors>(Rep. Raymond Poe and Michael G. Connelly)</altsponsors>
</sponsor>
<lastaction>
<statusdate>8/8/2011</statusdate><chamber>Senate</chamber><action>Public Act . . . . . . . . . 97-0277</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>15 ILCS 520/2</reference><aliasreference>from Ch. 130, par. 21</aliasreference><SynopsisText>Amends the Deposit of State Moneys Act. Makes a technical change in a Section concerning interest on deposits.</SynopsisText><synopsistitle>Senate Floor Amendment No. 1</synopsistitle>
<reftype>Deletes reference to:</reftype><reference>15 ILCS 520/2</reference><aliasreference>from Ch. 130, par. 21</aliasreference><reftype>Adds reference to:</reftype><reference>15 ILCS 520/22.5</reference><aliasreference>from Ch. 130, par. 41a</aliasreference><SynopsisText>Replaces everything after the enacting clause. Amends the Deposit of State Moneys Act. Provides that the Treasurer may invest State money in short-term obligations of limited liability companies with assets exceeding $500,000,000, subject to certain conditions. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/8/2011</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Christine Radogno</action>
<statusdate>2/8/2011</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/8/2011</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>3/9/2011</statusdate><chamber>Senate</chamber><action>Assigned to Executive</action>
<statusdate>3/17/2011</statusdate><chamber>Senate</chamber><action>Do Pass Executive;  015-000-000</action>
<statusdate>3/17/2011</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading March 17, 2011</action>
<statusdate>4/8/2011</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 1 Filed with Secretary by Sen. Suzi Schmidt</action>
<statusdate>4/8/2011</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 1 Referred to Assignments</action>
<statusdate>4/8/2011</statusdate><chamber>Senate</chamber><action>Chief Sponsor Changed to Sen. Suzi Schmidt</action>
<statusdate>4/11/2011</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>4/11/2011</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading April 12, 2011</action>
<statusdate>4/11/2011</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 1 Assignments Refers to Financial Institutions</action>
<statusdate>4/12/2011</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 1 Recommend Do Adopt Financial Institutions;  010-000-000</action>
<statusdate>4/13/2011</statusdate><chamber>Senate</chamber><action>Recalled to Second Reading</action>
<statusdate>4/13/2011</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 1 Adopted; Schmidt</action>
<statusdate>4/13/2011</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading</action>
<statusdate>4/13/2011</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 055-000-000</action>
<statusdate>4/14/2011</statusdate><chamber>House</chamber><action>Arrived in House</action>
<statusdate>4/14/2011</statusdate><chamber>House</chamber><action>Placed on Calendar Order of First Reading</action>
<statusdate>4/14/2011</statusdate><chamber>House</chamber><action>Chief House Sponsor Rep. Raymond Poe</action>
<statusdate>4/14/2011</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>4/14/2011</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>4/21/2011</statusdate><chamber>House</chamber><action>Assigned to Financial Institutions Committee</action>
<statusdate>5/3/2011</statusdate><chamber>House</chamber><action>Do Pass / Short Debate Financial Institutions Committee;  015-000-000</action>
<statusdate>5/4/2011</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
<statusdate>5/5/2011</statusdate><chamber>House</chamber><action>Added Alternate Co-Sponsor Rep. Michael G. Connelly</action>
<statusdate>5/10/2011</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>5/10/2011</statusdate><chamber>House</chamber><action>Placed on Calendar Order of 3rd Reading - Short Debate</action>
<statusdate>5/11/2011</statusdate><chamber>House</chamber><action>Third Reading - Short Debate - Passed 114-000-000</action>
<statusdate>5/11/2011</statusdate><chamber>Senate</chamber><action>Passed Both Houses</action>
<statusdate>6/9/2011</statusdate><chamber>Senate</chamber><action>Sent to the Governor</action>
<statusdate>8/8/2011</statusdate><chamber>Senate</chamber><action>Governor Approved</action>
<statusdate>8/8/2011</statusdate><chamber>Senate</chamber><action>Effective Date August 8, 2011</action>
<statusdate>8/8/2011</statusdate><chamber>Senate</chamber><action>Public Act . . . . . . . . . 97-0277</action>
</actions>
</xml>

