MOORE,ANDREA. (GEO-KARIS) 5 ILCS 220/15 Amends the Intergovernmental Cooperation Act. Provides that risk management entities may invest up to 50% of the aggregate book value of all of their investments as measured at the time the investments are made. Authorizes the entities to invest in any combination of common and preferred stocks, convertible debt securities, and investment grade corporate bonds authorized for investment of trust funds provided that the stock or convertible debt meets certain requirements, commercial grade real estate located in Illinois if the real estate is necessary to provide offices for the day-to-day business operations of the intergovernmental risk management entity, and mutual funds or commingled funds that meet certain requirements. Removes the authorization for other types of investments. Provides that a risk management entity may not accept the deposit of public funds except for risk management purposes. Effective immediately. 97-01-16 H FIRST READING 97-01-16 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-01-22 H ASSIGNED TO COMMITTEE FIN INSTIT 97-02-27 H DO PASS/SHORT DEBATE 028-000-000 HFIN 97-02-27 H PLACED CALENDAR 2ND READING-SHORT DEBATE 97-04-08 H SECOND READING-SHORT DEBATE 97-04-08 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 97-04-17 H THIRD READING/SHORT DEBATE/PASSED 098-012-003 97-04-18 S ARRIVE IN SENATE 97-04-18 S PLACED CALENDAR ORDER OF FIRST READING 97-04-23 97-04-18 S CHIEF SPONSOR GEO-KARIS 97-04-23 S FIRST READING 97-04-23 S REFERRED TO SENATE RULES COMMITTEE RULES 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary