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93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB5146
Introduced 02/05/04, by Brandon W. Phelps SYNOPSIS AS INTRODUCED:
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30 ILCS 235/1 |
from Ch. 85, par. 901 |
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Amends the Public Funds Investment Act. Adds a caption to the definitions
Section.
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A BILL FOR
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HB5146 |
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LRB093 19662 SJM 45403 b |
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| AN ACT concerning public funds.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 5. The Public Funds Investment Act is amended by |
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| changing
Section 1 as follows:
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| (30 ILCS 235/1) (from Ch. 85, par. 901)
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| Sec. 1. Definitions. The words "public funds", as used in |
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| this Act, mean
current
operating funds, special funds, interest |
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| and sinking funds, and funds of
any kind or character belonging |
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| to or in the custody of any public agency.
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| The words "public agency", as used in this Act, mean the |
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| State of
Illinois, the various counties, townships, cities, |
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| towns, villages, school
districts, educational service |
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| regions, special road districts, public
water supply |
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| districts, fire protection districts, drainage districts, |
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| levee
districts, sewer districts, housing authorities, the |
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| Illinois Bank Examiners'
Education Foundation, the Chicago |
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| Park District, and all other political
corporations or |
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| subdivisions of the State of Illinois, now or hereafter
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| created, whether herein specifically mentioned or not.
This Act |
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| does not apply to the Illinois Prepaid Tuition Trust Fund,
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| private funds collected by the Illinois Conservation |
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| Foundation, or
pension
funds or retirement systems established
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| under the Illinois Pension Code, except as otherwise provided |
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| in that Code.
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| (Source: P.A. 91-669, eff. 1-1-00; 92-797, eff. 8-15-02.)
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