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| | 102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB3444 Introduced 2/22/2021, by Rep. Janet Yang Rohr SYNOPSIS AS INTRODUCED:
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Amends the Public Funds Investment Act. Provides that on any investment of public funds by the State of Illinois, or by a State official on behalf of the State, that entitles the State to a shareholder voting interest in a corporation, the State, or a designated State official, shall issue votes in its capacity as a shareholder. Provides that any vote made by the State in its capacity as a shareholder shall be recorded and reported to the General Assembly, and made publicly available on the Internet website of the State Treasurer.
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| | A BILL FOR |
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| | HB3444 | | LRB102 04146 RJF 14163 b |
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| 1 | | AN ACT concerning finance.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Public Funds Investment Act is amended by |
| 5 | | adding Section 10 as follows:
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| 6 | | (30 ILCS 235/10 new) |
| 7 | | Sec. 10. State investment voting interest. On any |
| 8 | | investment of public funds by the State of Illinois, or by a |
| 9 | | State official on behalf of the State, that entitles the State |
| 10 | | to a shareholder voting interest in a corporation, the State, |
| 11 | | or a designated State official, shall issue a vote in its |
| 12 | | capacity as a shareholder. Any vote made by the State in its |
| 13 | | capacity as a shareholder under this Section shall be recorded |
| 14 | | and reported to the General Assembly, and made publicly |
| 15 | | available on the Internet website of the State Treasurer.
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