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| | 103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB4389 Introduced 1/16/2024, by Rep. Jay Hoffman SYNOPSIS AS INTRODUCED:
| | 30 ILCS 235/1 | from Ch. 85, par. 901 |
| Amends the Public Funds Investment Act. Makes a technical change in a Section concerning definitions. |
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| | A BILL FOR |
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| | HB4389 | | LRB103 36712 MXP 66822 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, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Public Funds Investment Act is amended by |
| 5 | | changing Section 1 as follows:
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| 6 | | (30 ILCS 235/1) (from Ch. 85, par. 901) |
| 7 | | Sec. 1. The The words "public funds", as used in this Act, |
| 8 | | mean current operating funds, special funds, interest and |
| 9 | | sinking funds, and funds of any kind or character belonging to |
| 10 | | or in the custody of any public agency. |
| 11 | | The words "public agency", as used in this Act, mean the |
| 12 | | State of Illinois, the various counties, townships, cities, |
| 13 | | towns, villages, school districts, educational service |
| 14 | | regions, special road districts, public water supply |
| 15 | | districts, fire protection districts, drainage districts, |
| 16 | | levee districts, sewer districts, housing authorities, the |
| 17 | | Illinois Bank Examiners' Education Foundation, the Chicago |
| 18 | | Park District, and all other political corporations or |
| 19 | | subdivisions of the State of Illinois, now or hereafter |
| 20 | | created, whether herein specifically mentioned or not. This |
| 21 | | Act does not apply to the Illinois Prepaid Tuition Trust Fund, |
| 22 | | private funds collected by the Illinois Conservation |
| 23 | | Foundation, or pension funds or retirement systems established |