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<xml>
<title>Illinois General Assembly - Bill Status for HB 5746         </title>
<shortdesc>TREASURER-ST MONEY DEPOSIT ACT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Al Riley</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>15 ILCS 520/18</reference><aliasreference>from Ch. 130, par. 37</aliasreference><reference>15 ILCS 520/22.5</reference><aliasreference>from Ch. 130, par. 41a</aliasreference><SynopsisText>     Amends the Deposit of State Moneys Act. Allows the State Treasurer to satisfy the requirement to make a monthly report to the Governor with a copy for public inspection by posting the monthly report on the Treasurer's official Internet website. Allows the Treasurer to, with the approval of the Governor, invest or reinvest (regardless of whether it is at a price exceeding par) any State money in the treasury that is not needed for current expenditures due or about to become due, or any money in the State Treasury that has been set aside. Provides that the Treasurer may, with the approval of the Governor, invest or reinvest any State money in the treasury that is not needed for current expenditures due or about to become due, or any money in the State Treasury that has been set aside, in obligations (currently, short-term obligations) of either corporations or limited liability companies organized in the United States, that have significant presence in this State, with assets exceeding $500,000,000 if, among other requirements, the obligations are rated at the time of purchase at one of the 3 highest classifications established by at least 2 standard rating services and mature not later than 5 years (currently, 270 days) from the date of purchase. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/10/2016</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Al Riley</action>
<statusdate>2/10/2016</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/10/2016</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/23/2016</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/29/2016</statusdate><chamber>House</chamber><action>To Finance Subcommittee</action>
<statusdate>4/6/2016</statusdate><chamber>House</chamber><action>Recommends Do Pass Subcommittee/ Revenue &amp; Finance Committee;  004-000-000</action>
<statusdate>4/6/2016</statusdate><chamber>House</chamber><action>Remains in Revenue &amp; Finance Committee</action>
<statusdate>4/6/2016</statusdate><chamber>House</chamber><action>Do Pass / Short Debate Revenue &amp; Finance Committee;  013-000-000</action>
<statusdate>4/6/2016</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
<statusdate>4/15/2016</statusdate><chamber>House</chamber><action>House Floor Amendment No. 1 Filed with Clerk by Rep. Al Riley</action>
<statusdate>4/15/2016</statusdate><chamber>House</chamber><action>House Floor Amendment No. 1 Referred to Rules Committee</action>
<statusdate>4/15/2016</statusdate><chamber>House</chamber><action>House Floor Amendment No. 1 Rules Refers to Revenue &amp; Finance Committee</action>
<statusdate>4/15/2016</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>4/15/2016</statusdate><chamber>House</chamber><action>Held on Calendar Order of Second Reading - Short Debate</action>
<statusdate>4/22/2016</statusdate><chamber>House</chamber><action>House Floor Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>4/22/2016</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

