Illinois General Assembly - Bill Status for SB2014

Synopsis As Introduced
Amends the Public Funds Investment Act. Allows investment in (i) short term obligations of certain corporations if the purchases do not exceed 10% of the corporation's outstanding obligations "at the time of the purchase of the obligations" and (ii) certain money market mutual funds if the portfolio of the fund is limited to certain mutual bonds. Allows investment in any obligations of the Federal National Mortgage Association or certain savings and loan associations (now, only short term discount obligations). Effective immediately.

Actions

Date	Chamber	Action
2/25/2005	Senate	Filed with Secretary by Sen. Bill Brady
2/25/2005	Senate	First Reading
2/25/2005	Senate	Referred to Rules
1/9/2007	Senate	Session Sine Die

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