93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB5146

 

Introduced 02/05/04, by Brandon W. Phelps

 

SYNOPSIS AS INTRODUCED:
 
30 ILCS 235/1   from Ch. 85, par. 901

    Amends the Public Funds Investment Act. Adds a caption to the definitions Section.


LRB093 19662 SJM 45403 b

 

 

A BILL FOR

 

HB5146 LRB093 19662 SJM 45403 b

1     AN ACT concerning public funds.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The Public Funds Investment Act is amended by
5 changing Section 1 as follows:
 
6     (30 ILCS 235/1)  (from Ch. 85, par. 901)
7     Sec. 1. Definitions. The words "public funds", as used in
8 this Act, mean current operating funds, special funds, interest
9 and sinking funds, and funds of any kind or character belonging
10 to 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 Act
21 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
24 under the Illinois Pension Code, except as otherwise provided
25 in that Code.
26 (Source: P.A. 91-669, eff. 1-1-00; 92-797, eff. 8-15-02.)