Illinois · Senate Bill 1994 · 103rd General Assembly

SCH CD-CASH AND FUNDS

SB 1994 Sponsored by Meg Loughran Cappel Became law

  1. Introduced Feb 9, 2023
  2. In committee Feb 9, 2023
  3. Passed the Senate Mar 30, 2023
  4. Passed the House May 10, 2023
  5. To the governor Jun 16, 2023
  6. Became law Jul 28, 2023

What it does

The legislature's own summary of the bill, or its official long title.

Amends the School Code. In provisions concerning custody of school funds, provides that each school district and school board must submit a quarterly report to the State Board of Education that contains information regarding (1) the amount of funds that each school district has in its reserves, (2) the amount of funds that each school district has in its investments, and (3) the number of days that each school…

Read the full title (139 words)

Amends the School Code. In provisions concerning custody of school funds, provides that each school district and school board must submit a quarterly report to the State Board of Education that contains information regarding (1) the amount of funds that each school district has in its reserves, (2) the amount of funds that each school district has in its investments, and (3) the number of days that each school district has cash on hand. Requires each school district and school board to publish and maintain the information in each quarterly report on its Internet website. Provides that any school district or school board reporting more than 250 days cash on hand shall spend any excess cash on hand funds beyond the 250 days on educational services, including hiring teachers, paraprofessionals, nurses, librarians, social workers, counselors, or psychologists. Effective immediately.

Every action

49 steps, oldest first, as the legislature records them.

Show the 41 earlier steps
  1. SenateFiled with Secretary by Sen. Meg Loughran Cappel
  2. SenateFirst Reading
  3. CommitteeReferred to Assignments · Senate Assignments
  4. CommitteeAssigned to Education · Senate Education
  5. CommitteeDo Pass Education; 010-000-000 · Senate Education
  6. SenatePlaced on Calendar Order of 2nd Reading March 9, 2023
  7. SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Meg Loughran Cappel
  8. CommitteeSenate Floor Amendment No. 1 Referred to Assignments · Senate Assignments
  9. SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Meg Loughran Cappel
  10. CommitteeSenate Floor Amendment No. 2 Referred to Assignments · Senate Assignments
  11. SenateSecond Reading
  12. SenatePlaced on Calendar Order of 3rd Reading March 29, 2023
  13. CommitteeSenate Floor Amendment No. 1 Assignments Refers to Education · Senate Assignments
  14. CommitteeSenate Floor Amendment No. 2 Assignments Refers to Education · Senate Assignments
  15. CommitteeSenate Floor Amendment No. 1 Postponed - Education · Senate Education
  16. CommitteeSenate Floor Amendment No. 2 Recommend Do Adopt Education; 010-001-002 · Senate Education
  17. SenateRecalled to Second Reading
  18. SenateSenate Floor Amendment No. 2 Adopted; Loughran-Cappel
  19. SenatePlaced on Calendar Order of 3rd Reading
  20. SenateThird Reading - Passed; 055-000-000
  21. SenateSenate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
  22. HouseArrived in House
  23. HouseChief House Sponsor Rep. Lance Yednock
  24. HouseFirst Reading
  25. CommitteeReferred to Rules Committee · House Rules
  26. CommitteeAssigned to Elementary & Secondary Education: Administration, Licensing & Charter Schools · House Elem Sec Ed: Adm., Lic. & Charter
  27. HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Lance Yednock
  28. CommitteeHouse Committee Amendment No. 1 Referred to Rules Committee · House Rules
  29. CommitteeHouse Committee Amendment No. 1 Rules Refers to Elementary & Secondary Education: Administration, Licensing & Charter Schools · House Elem Sec Ed: Adm., Lic. & Charter
  30. CommitteeHouse Committee Amendment No. 1 Adopted in Elementary & Secondary Education: Administration, Licensing & Charter Schools; by Voice Vote · House Elem Sec Ed: Adm., Lic. & Charter
  31. CommitteeDo Pass as Amended / Short Debate Elementary & Secondary Education: Administration, Licensing & Charter Schools; 009-000-000 · House Elem Sec Ed: Adm., Lic. & Charter
  32. HousePlaced on Calendar 2nd Reading - Short Debate
  33. HouseAdded Alternate Chief Co-Sponsor Rep. Natalie A. Manley
  34. HouseSecond Reading - Short Debate
  35. HousePlaced on Calendar Order of 3rd Reading - Short Debate
  36. HouseThird Reading - Short Debate - Passed 113-000-000
  37. SenateSecretary's Desk - Concurrence House Amendment(s) 1
  38. SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1 - May 15, 2023
  39. SenateHouse Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Meg Loughran Cappel
  40. CommitteeHouse Committee Amendment No. 1 Motion to Concur Referred to Assignments · Senate Assignments
  41. CommitteeHouse Committee Amendment No. 1 Motion to Concur Assignments Referred to Education · Senate Assignments
  1. CommitteeHouse Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Education; 012-000-000 · Senate Education
  2. SenateHouse Committee Amendment No. 1 Senate Concurs 057-000-000
  3. SenateSenate Concurs
  4. SenatePassed Both Houses
  5. SenateSent to the Governor
  6. SenateGovernor Approved
  7. SenateEffective Date July 28, 2023
  8. SenatePublic Act . . . . . . . . . 103-0394

Roll calls

7 recorded votes: 3 on the floor, 4 in committee. Each shows how every member voted.

Third Reading · Full Senate

Passed 55–0
Mar 30, 2023 · journal entry
Yes 55 No 0 Not voting 4
Democrats: 37 yes, 0 no Republicans: 18 yes, 0 no
How each member voted

Yes · 55

Not voting · 4

Third Reading · Full House

Passed 113–0
May 10, 2023 · journal entry
Yes 113 No 0 Not voting 4
Democrats: 74 yes, 0 no Republicans: 39 yes, 0 no
How each member voted

Yes · 113

Excused · 4

House Committee Amendment No. 1 - Concurrence · Full Senate

Passed 57–0
May 19, 2023 · journal entry
Yes 57 No 0 Not voting 2
Democrats: 38 yes, 0 no Republicans: 19 yes, 0 no
How each member voted

Yes · 57

Not voting · 2

Committee and other votes

DateWhereQuestionResult
Mar 7, 2023 Senate Education Education - Do Pass
Members

Yes · 10

Not voting · 4

 10–0
Mar 28, 2023 Senate Education Senate Floor Amendment No. 2 - Education - Recommend Do Adopt
Members

Yes · 10

No · 1

Not voting · 3

 10–1
Apr 26, 2023 House Elem Sec Ed: Adm., Lic. & Charter Elem Sec Ed: Adm., Lic. & Charter - Do Pass
Members

Yes · 9

 Passed 9–0
May 16, 2023 Senate Education House Committee Amendment No. 1 - Education - Recommend Do Adopt
Members

Yes · 12

Not voting · 2

 Passed 12–0

Sponsors

The member who introduced it, joined by 1 cosponsor: 1 Democrat.

All 1 cosponsor

From Illinois's official records (www.ilga.gov), checked Nov 13, 2026. Text links go to the official versions; LegiList does not copy bill text.