97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB5247

 

Introduced 2/8/2012, by Rep. Arthur Turner

 

SYNOPSIS AS INTRODUCED:
 
30 ILCS 500/50-50

    Amends the Illinois Procurement Code. Makes a technical change in a Section concerning insider information.


LRB097 19938 PJG 65229 b

 

 

A BILL FOR

 

HB5247LRB097 19938 PJG 65229 b

1    AN ACT concerning finance.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Procurement Code is amended by
5changing Section 50-50 as follows:
 
6    (30 ILCS 500/50-50)
7    Sec. 50-50. Insider information. It is unlawful for any
8current or former elected or appointed State official or State
9employee to knowingly use confidential information available
10only by virtue of that that office or employment for actual or
11anticipated gain for themselves or another person.
12(Source: P.A. 90-572, eff. 2-6-98.)