TREASURER-PERMITTED INVESTMENT Senate SponsorsSen. Heather A. Steans-Patricia Van Pelt, Ira I. Silverstein-Thomas Cullerton-Mattie Hunter-Julie A. Morrison, Laura M. Murphy and Elgie R. Sims, Jr. House Sponsors(Rep. Gregory Harris-David Harris-Robert W. Pritchard-Stephanie A. Kifowit-Mark Batinick and Nick Sauer) 8/27/2018SenatePublic Act . . . . . . . . . 100-1107 15 ILCS 520/22.5from Ch. 130, par. 41aAmends the Deposit of State Moneys Act. Provides that whenever the total amount of vouchers presented to the Comptroller exceeds the funds available in the general funds by $1,000,000,000 or more, the State Treasurer may invest or reinvest any State money in the Treasury which is not needed for current expenditures, or any money in the State Treasury which has been set aside and held for the payment of the principal of and the interest on any State bonds, in qualified account receivables under the Vendor Payment Program established by the Comptroller and the Department of Central Management Services. Provides that the State Treasurer shall be a qualified purchaser under the Vendor Payment Program and shall have priority over any other qualified purchasers when purchasing qualified account receivables. Provides that the interest penalty paid on any funds invested or reinvested by the State Treasurer under specified provisions shall be 0.3% per month or 0.01% per day.House Committee Amendment No. 1 Replaces everything after the enacting clause. Reinserts the provisions of the engrossed bill, and modifies those provisions to provide that whenever the total amount of vouchers presented to the Comptroller under the State Comptroller Act exceeds the funds available in the General Revenue Fund by $1,000,000,000 or more, then the State Treasurer may invest (rather than invest or reinvest) any State money in the Treasury, other than money in specified Funds (currently, no exclusion for money in specified Funds), which is not needed for current expenditures, due or about to become due, or any money in the State Treasury which has been set aside and held for the payment of the principal of and the interest on any State bonds with the Office of the Comptroller in order to enable the Comptroller to pay outstanding vouchers. Provides further requirements and duties for investment of State money in the Treasury and for the establishment of intergovernmental agreements and investment agreements. Provides for the irrevocable and continuing authority for all amounts necessary for the payment of principal and interest on the investments made with the Office of the Comptroller by the State Treasurer and the irrevocable and continuing authority for and direction to the Comptroller and Treasurer to make the necessary transfers. Effective immediately. 2/14/2018SenateFiled with Secretary by Sen. Heather A. Steans 2/14/2018SenateFirst Reading 2/14/2018SenateReferred to Assignments 2/21/2018SenateAssigned to State Government 2/28/2018SenateAdded as Chief Co-Sponsor Sen. Patricia Van Pelt 3/1/2018SenateDo Pass State Government; 006-002-000 3/1/2018SenatePlaced on Calendar Order of 2nd Reading March 13, 2018 4/10/2018SenateSecond Reading 4/10/2018SenatePlaced on Calendar Order of 3rd Reading April 11, 2018 4/19/2018SenateAdded as Co-Sponsor Sen. Ira I. Silverstein 4/19/2018SenateAdded as Co-Sponsor Sen. Julie A. Morrison 4/19/2018SenateSponsor Removed Sen. Julie A. Morrison 4/20/2018SenateAdded as Chief Co-Sponsor Sen. Thomas Cullerton 4/20/2018SenateAdded as Chief Co-Sponsor Sen. Mattie Hunter 4/25/2018SenateAdded as Chief Co-Sponsor Sen. Julie A. Morrison 4/25/2018SenateThird Reading - Passed; 039-014-003 4/25/2018SenateAdded as Co-Sponsor Sen. Laura M. Murphy 4/25/2018HouseArrived in House 4/25/2018HouseChief House Sponsor Rep. Gregory Harris 4/26/2018HouseFirst Reading 4/26/2018HouseReferred to Rules Committee 5/14/2018HouseAssigned to Executive Committee 5/18/2018HouseFinal Action Deadline Extended-9(b) May 25, 2018 5/22/2018HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Gregory Harris 5/22/2018HouseHouse Committee Amendment No. 1 Referred to Rules Committee 5/23/2018HouseHouse Committee Amendment No. 1 Rules Refers to Executive Committee 5/24/2018HouseHouse Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote 5/24/2018HouseDo Pass as Amended / Short Debate Executive Committee; 009-002-000 5/24/2018HousePlaced on Calendar 2nd Reading - Short Debate 5/24/2018HouseSecond Reading - Short Debate 5/24/2018HouseHeld on Calendar Order of Second Reading - Short Debate 5/25/2018HouseAdded Alternate Chief Co-Sponsor Rep. Robert W. Pritchard 5/25/2018HouseAdded Alternate Chief Co-Sponsor Rep. David Harris 5/25/2018HouseFinal Action Deadline Extended-9(b) May 31, 2018 5/28/2018HouseAdded Alternate Chief Co-Sponsor Rep. Stephanie A. Kifowit 5/29/2018HouseAdded Alternate Chief Co-Sponsor Rep. Mark Batinick 5/29/2018HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/29/2018HouseRemoved from Short Debate Status 5/29/2018HousePlaced on Calendar Order of 3rd Reading - Standard Debate 5/29/2018HouseThird Reading - Standard Debate - Passed 115-000-000 5/29/2018HouseAdded Alternate Co-Sponsor Rep. Nick Sauer 5/29/2018SenateSecretary's Desk - Concurrence House Amendment(s) 1 5/29/2018SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1 - May 30, 2018 5/29/2018SenateHouse Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Heather A. Steans 5/29/2018SenateHouse Committee Amendment No. 1 Motion to Concur Referred to Assignments 5/30/2018SenateHouse Committee Amendment No. 1 Motion to Concur Assignments Referred to State Government 5/30/2018SenateHouse Committee Amendment No. 1 Motion To Concur Recommended Do Adopt State Government; 006-002-000 5/31/2018SenateHouse Committee Amendment No. 1 Senate Concurs 049-001-000 5/31/2018SenateSenate Concurs 5/31/2018SenatePassed Both Houses 5/31/2018SenateAdded as Co-Sponsor Sen. Elgie R. Sims, Jr. 6/29/2018SenateSent to the Governor 8/27/2018SenateGovernor Approved 8/27/2018SenateEffective Date August 27, 2018 8/27/2018SenatePublic Act . . . . . . . . . 100-1107