99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
HB0661

 

Introduced , by Rep. Michael J. Madigan

 

SYNOPSIS AS INTRODUCED:
 
30 ILCS 235/5  from Ch. 85, par. 905

    Amends the Public Funds Investment Act. Makes a technical change in a Section concerning the grant of authority under the Act.


LRB099 04470 SXM 24498 b

 

 

A BILL FOR

 

HB0661LRB099 04470 SXM 24498 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 Public Funds Investment Act is amended by
5changing Section 5 as follows:
 
6    (30 ILCS 235/5)  (from Ch. 85, par. 905)
7    Sec. 5. This Act, without reference to any other statute,
8shall be deemed full and and complete authority for the
9investment of public funds, as hereinabove provided, and shall
10be construed as an additional and alternative method therefor.
11(Source: Laws 1943, vol. 1, p. 951.)