Bill Status of HB4573 100th General Assembly
Short Description: PUBLIC FUNDS-CORPORATIONS
Rep. Michael J. Zalewski
|Cities & Villages Committee Hearing Feb 27 2018 4:00PM Stratton Building Room C-1 Springfield, IL |
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Public Funds Investment Act. Provides that any public agency may invest any public funds in obligations (currently, short term obligations) of corporations organized in the United States with assets exceeding $500,000,000 if such obligations mature not later than 3 years (currently, 270 days) from the date of purchase, in addition to other criteria. Effective immediately.