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HB0824 Engrossed |
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LRB095 10469 RCE 30684 b |
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| AN ACT concerning State government.
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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 State Treasurer Act is amended by adding |
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| Section 16.7 as follows:
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| (15 ILCS 505/16.7 new) |
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| Sec. 16.7. Investment transparency. |
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| (a) Purpose. The purpose of this Section is to provide for |
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| transparency in the investment of public funds by requiring the |
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| reporting of full and complete information regarding the |
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| investment moneys by the State Treasurer. |
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| (b) Online information concerning the investment of public |
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| funds. The State Treasurer shall make available on his or her |
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| official website, and update at least monthly, the following |
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| information concerning the investment of public funds: |
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| (1) the total amount of funds held by the State |
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| Treasurer; |
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| (2) the asset allocation for the investments made by |
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| the State Treasurer; |
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| (3) the benchmarks established by the State Treasurer; |
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| (4) current and historic return information; and |
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| (5) a detailed listing of the time deposit balances, |
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| including for each deposit, the name of the financial |