Loading chat...

IL HB1447

Bill

Status

Passed

8/15/2025

Primary Sponsor

Michael Kelly

Click for details

Origin

House of Representatives

104th General Assembly

AI Summary

  • Amends the State Treasurer Act to reorganize and clarify the list of exceptions where State Comptroller warrants are not required for payments, including mental health service providers, pension beneficiaries, public aid recipients, public agencies, and direct deposit/electronic transfers

  • Changes the deadline for State agencies to update online public fund investment information from "by the 15th of the month" to "no later than the end of each month"

  • Requires State agencies to continue publishing monthly investment data including fund balances, investment income and yield, asset allocation, and approved financial institutions

  • Takes effect immediately upon becoming law

Legislative Description

PUBLIC FUNDS-ONLINE INFO

Last Action

Public Act . . . . . . . . . 104-0182

8/15/2025

Committee Referrals

Assignments4/9/2025
State Government Administration2/18/2025
Rules1/28/2025

Full Bill Text

No bill text available