HB5146 93RD GENERAL ASSEMBLY

LRB093 19662 SJM 45403 b

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.

A BILL FOR

AN ACT concerning public funds.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Public Funds Investment Act is amended by changing Section 1 as follows:

(30 ILCS 235/1) (from Ch. 85, par. 901)

Sec. 1. Definitions. The words "public funds", as used in this Act, mean current operating funds, special funds, interest and sinking funds, and funds of any kind or character belonging to or in the custody of any public agency.

The words "public agency", as used in this Act, mean the State of Illinois, the various counties, townships, cities, towns, villages, school districts, educational service regions, special road districts, public water supply districts, fire protection districts, drainage districts, levee districts, sewer districts, housing authorities, the Illinois Bank Examiners' Education Foundation, the Chicago Park District, and all other political corporations or subdivisions of the State of Illinois, now or hereafter created, whether herein specifically mentioned or not. This Act does not apply to the Illinois Prepaid Tuition Trust Fund, private funds collected by the Illinois Conservation Foundation, or pension funds or retirement systems established under the Illinois Pension Code, except as otherwise provided in that Code.

(Source: P.A. 91-669, eff. 1-1-00; 92-797, eff. 8-15-02.)