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IL HB1574

Bill

Official Source

Status

Introduced

2/11/2021

Primary Sponsor

Emanuel Welch

Click for details

Origin

House of Representatives

102nd General Assembly

AI Summary

  • Amends the Deposit of State Moneys Act by making a technical change to Section 4 concerning classes of depositaries.
  • Changes the language in Section 4 from "time deposit and and demand deposit" to "time deposit and demand deposit" by removing a duplicate "and".
  • Maintains existing provisions requiring separate proposals for time deposit and demand deposit classes.
  • Keeps provisions allowing the State Treasurer to request separate interest rate quotations for deposits held for 30, 60, 90 days, or longer periods in banks or savings and loan associations.

Legislative Description

STATE GOVERNMENT-TECH

Last Action

Rule 19(a) / Re-referred to Rules Committee

4/11/2022

Committee Referrals

Rules4/23/2021
Executive3/2/2021
Rules2/17/2021

Full Bill Text

No bill text available