|
| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB1031 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
| | 15 ILCS 520/1.1 | from Ch. 130, par. 20.1 |
|
Amends the Deposit of State Moneys Act. Makes a technical change in a Section
concerning investment in minority-owned financial institutions.
|
| |
| | A BILL FOR |
|
|
| | HB1031 | | LRB100 01836 RJF 11841 b |
|
|
| 1 | | AN ACT concerning State government.
|
| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
|
| 4 | | Section 5. The Deposit of State Moneys Act is amended by |
| 5 | | changing Section 1.1 as follows:
|
| 6 | | (15 ILCS 520/1.1) (from Ch. 130, par. 20.1)
|
| 7 | | Sec. 1.1.
When investing or depositing public funds, each |
| 8 | | custodian
shall, to the
the extent permitted by this Act and by |
| 9 | | the lawful and reasonable
performance of his custodial duties, |
| 10 | | invest or deposit such funds with or
in minority-owned |
| 11 | | financial institutions within this State. |
| 12 | | (Source: P.A. 84-754.)
|