Bill Title: Amends the Deposit of State Moneys Act. Provides requirements and makes changes concerning financial institutions and depositories throughout the Act. Provides that the Act shall govern the deposit of State moneys for all public funds under the custody or control of the State Treasurer. Repeals specified provisions. Amends the Public Funds Investment Act and the Public Funds Deposit Act. Provides that those Acts do not apply to the Illinois State Treasurer, whose investment of State funds shall be governed by the Deposit of State Moneys Act. Defines terms. Makes conforming and other changes. Effective immediately.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Passed) 2021-08-06 - Public Act . . . . . . . . . 102-0297 [SB0653 Detail]

Text: Latest bill text (Chaptered) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Robert Peters [D]	Primary	Sponsored Bills	SD-013	FollowTheMoney	Ballotpedia	VoteSmart
Senator Jacqueline Collins [D]	Cosponsor	Sponsored Bills	SD-016	FollowTheMoney	Ballotpedia	VoteSmart
Representative Kambium Buckner [D]	Primary	Sponsored Bills	HD-026	FollowTheMoney	Ballotpedia	VoteSmart

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