IL HB2344 | 2019-2020 | 101st General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 11 2019 - 25% progression, died in committee
Action: 2019-03-29 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Deposit of State Moneys Act. Provides that the State Treasurer may, in his discretion, accept a proposal from an eligible institution which provides for a reduced rate of interest provided that such institution documents the use of deposited funds for community development projects, with preference given to eligible institutions located in high unemployment communities. Defines "high unemployment communities".

Tracking Information

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Title

DEPOSIT OF ST MONEY-PREFERENCE

Sponsors


History

DateChamberAction
2019-03-29HouseRule 19(a) / Re-referred to Rules Committee
2019-02-26HouseAssigned to State Government Administration Committee
2019-02-13HouseReferred to Rules Committee
2019-02-13HouseFirst Reading
2019-02-11HouseFiled with the Clerk by Rep. Jehan Gordon-Booth

Code Citations

ChapterArticleSectionCitation TypeStatute Text
155207Amended CodeCitation Text

Illinois State Sources


Bill Comments

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