HB4869ham001 102ND GENERAL ASSEMBLY

Rep. Jim Durkin

Filed: 3/1/2022

10200HB4869ham001 LRB102 25628 RJF 37198 a

AMENDMENT TO HOUSE BILL 4869

AMENDMENT NO. ______. Amend House Bill 4869 by replacing everything after the enacting clause with the following:

"Section 5. The Deposit of State Moneys Act is amended by adding Section 22.7 as follows:

(15 ILCS 520/22.7 new)

Sec. 22.7. Russian investments prohibited. Notwithstanding any provision of law to the contrary, the State Treasurer shall not invest State money in any investment instrument that is based in or tied to Russia.

Section 10. The Public Funds Investment Act is amended by adding Section 2.3 as follows:

(30 ILCS 235/2.3 new)

Sec. 2.3. Russian investments prohibited. Notwithstanding any provision of law to the contrary, no public agency shall invest public funds in any investment instrument that is based in or tied to Russia.

Section 99. Effective date. This Act takes effect upon becoming law.".