PUBLIC FUNDS-AUTHORIZED INVEST Senate SponsorsSen. Donald P. DeWitte and Win Stoller House Sponsors(Rep. Marcus C. Evans, Jr.) 8/6/2021SenatePublic Act . . . . . . . . . 102-0285 30 ILCS 235/2from Ch. 85, par. 902Amends the Public Funds Investment Act. Authorizes public agencies to invest public funds in obligations of corporations organized in the United States with assets exceeding $500,000,000 if, among other requirements, no more than two-thirds (currently, one-third) of the public agency's funds are invested in obligations of corporations. Effective immediately.Senate Committee Amendment No. 1 Replaces everything after the enacting clause. Amends the Public Funds Investment Act. Provides that no more than one-third of a public agency's funds may be invested in short-term obligations of corporations that mature not later than 270 days (currently, 3 years) from the date of purchase. Provides that no more than one-third of a public agency's funds may be invested in obligations of corporations that mature more than 270 days but less than 3 years from the date of purchase. Effective immediately. 2/19/2021SenateFiled with Secretary by Sen. Donald P. DeWitte 2/19/2021SenateFirst Reading 2/19/2021SenateReferred to Assignments 2/24/2021SenateAssigned to Local Government 3/16/2021SenateAdded as Co-Sponsor Sen. Win Stoller 3/16/2021SenatePostponed - Local Government 4/16/2021SenateRule 2-10 Committee Deadline Established As April 23, 2021 4/19/2021SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Donald P. DeWitte 4/19/2021SenateSenate Committee Amendment No. 1 Referred to Assignments 4/20/2021SenateSenate Committee Amendment No. 1 Assignments Refers to Local Government 4/20/2021SenateSenate Committee Amendment No. 1 Adopted 4/20/2021SenateDo Pass as Amended Local Government; 007-000-000 4/20/2021SenatePlaced on Calendar Order of 2nd Reading April 21, 2021 4/21/2021SenateSecond Reading 4/21/2021SenatePlaced on Calendar Order of 3rd Reading ** April 22, 2021 4/23/2021SenateThird Reading - Passed; 058-000-000 4/26/2021HouseArrived in House 4/27/2021HouseChief House Sponsor Rep. Marcus C. Evans, Jr. 4/28/2021HouseFirst Reading 4/28/2021HouseReferred to Rules Committee 5/4/2021HouseAssigned to State Government Administration Committee 5/12/2021HouseDo Pass / Consent Calendar State Government Administration Committee; 008-000-000 5/13/2021HousePlaced on Calendar 2nd Reading - Consent Calendar 5/24/2021HouseSecond Reading - Consent Calendar 5/24/2021HouseHeld on Calendar Order of Second Reading - Consent Calendar 5/25/2021HousePlaced on Calendar Order of 3rd Reading - Consent Calendar 5/26/2021HouseThird Reading - Consent Calendar - First Day 5/27/2021HouseThird Reading - Consent Calendar - Passed 116-000-000 5/27/2021SenatePassed Both Houses 6/25/2021SenateSent to the Governor 8/6/2021SenateGovernor Approved 8/6/2021SenateEffective Date August 6, 2021 8/6/2021SenatePublic Act . . . . . . . . . 102-0285