Rep. Jim Durkin

Filed: 3/1/2022

 

 


 

 


 
10200HB4869ham001LRB102 25628 RJF 37198 a

1
AMENDMENT TO HOUSE BILL 4869

2    AMENDMENT NO. ______. Amend House Bill 4869 by replacing
3everything after the enacting clause with the following:
 
4    "Section 5. The Deposit of State Moneys Act is amended by
5adding Section 22.7 as follows:
 
6    (15 ILCS 520/22.7 new)
7    Sec. 22.7. Russian investments prohibited. Notwithstanding
8any provision of law to the contrary, the State Treasurer
9shall not invest State money in any investment instrument that
10is based in or tied to Russia.
 
11    Section 10. The Public Funds Investment Act is amended by
12adding Section 2.3 as follows:
 
13    (30 ILCS 235/2.3 new)
14    Sec. 2.3. Russian investments prohibited. Notwithstanding

 

 

10200HB4869ham001- 2 -LRB102 25628 RJF 37198 a

1any provision of law to the contrary, no public agency shall
2invest public funds in any investment instrument that is based
3in or tied to Russia.
 
4    Section 99. Effective date. This Act takes effect upon
5becoming law.".