Date	Chamber	Action
1/28/2025	Senate	Referred to Assignments

Statutes Amended In Order of Appearance

15 ILCS 520/16.1

from Ch. 130, par. 35.1

15 ILCS 520/16.3

30 ILCS 235/8

Synopsis As Introduced
Amends the Deposit of State Moneys Act and the Public Funds Investment Act. Provides that the State Treasurer or any public agency may consider the current and historical ratings that a financial institution has received under the Illinois Community Reinvestment Act when deciding whether to deposit State or public funds in that financial institution. Provides that, effective January 1, 2026, no State or public funds may be deposited in a financial institution subject to the Illinois Community Reinvestment Act unless either (i) the institution has a current rating of satisfactory or outstanding under the Illinois Community Reinvestment Act or (ii) the Department of Financial and Professional Regulation has not yet completed its initial examination of the institution pursuant to the Illinois Community Reinvestment Act. Makes conforming changes. Effective January 1, 2026.

Actions 

Date	Chamber	Action
1/28/2025	Senate	Filed with Secretary by Sen. Mattie Hunter
1/28/2025	Senate	First Reading
1/28/2025	Senate	Referred to Assignments

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