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<xml>
<title>Illinois General Assembly - Bill Status for HB 2699   </title>
<shortdesc>STATE FUNDS-DEPOSIT-MORTGAGES</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Robert W. Pritchard-Elizabeth Coulson-Mike Fortner-Michael W. Tryon-Richard P. Myers, Michael G. Connelly, Keith Farnham, William B. Black and Angelo Saviano</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2011</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>15 ILCS 520/16.4 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Deposit of State Moneys Act. Requires the State Treasurer to implement and administer, by rule, a program requiring financial institutions to make mortgage loans on residential property in order for that financial institution to be eligible for investment of State funds in that financial institution. Requires the rules to contain provisions concerning not rejecting residential mortgage loans because of the location of the property, minimum assets to be invested in residential mortgage loans, minimum annual new residential mortgage loans, and reporting and auditing. Requires the Treasurer to report annually to the General Assembly. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/23/2009</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Robert W. Pritchard</action>
<statusdate>2/23/2009</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Elizabeth Coulson</action>
<statusdate>2/23/2009</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Mike Fortner</action>
<statusdate>2/23/2009</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Michael W. Tryon</action>
<statusdate>2/23/2009</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Richard P. Myers</action>
<statusdate>2/24/2009</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Michael G. Connelly</action>
<statusdate>2/24/2009</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/24/2009</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/25/2009</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Keith Farnham</action>
<statusdate>3/3/2009</statusdate><chamber>House</chamber><action>Assigned to State Government Administration Committee</action>
<statusdate>3/11/2009</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. William B. Black</action>
<statusdate>3/11/2009</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Angelo Saviano</action>
<statusdate>3/13/2009</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/11/2011</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

