Illinois General Assembly - Full Text of SB1779
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Full Text of SB1779  94th General Assembly



State of Illinois
2005 and 2006


Introduced 2/25/2005, by Sen. Dan Rutherford - Frank C. Watson


30 ILCS 235/1   from Ch. 85, par. 901

    Amends the Public Funds Investment Act. Makes a technical change in a Section concerning definitions.

LRB094 03592 RCE 33596 b





SB1779 LRB094 03592 RCE 33596 b

1     AN ACT concerning finance.
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. The The words "public funds", as used in this Act,
8 mean current operating funds, special funds, interest and
9 sinking funds, and funds of any kind or character belonging to
10 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.)