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90_SB1898
30 ILCS 235/1 from Ch. 85, par. 901
Amends the Public Funds Investment Act. Adds a caption
to the definitions Section.
LRB9009435JMks
LRB9009435JMks
1 AN ACT to amend the Public Funds Investment Act by
2 changing Section 1.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Public Funds Investment Act is amended by
6 changing Section 1 as follows:
7 (30 ILCS 235/1) (from Ch. 85, par. 901)
8 Sec. 1. Definitions. The words "public funds", as used
9 in this Act, mean current operating funds, special funds,
10 interest and sinking funds, and funds of any kind or
11 character belonging to or in the custody of any public
12 agency.
13 The words "public agency", as used in this Act, mean the
14 State of Illinois, the various counties, townships, cities,
15 towns, villages, school districts, educational service
16 regions, special road districts, public water supply
17 districts, fire protection districts, drainage districts,
18 levee districts, sewer districts, housing authorities, the
19 Illinois Bank Examiners' Education Foundation, the Chicago
20 Park District, and all other political corporations or
21 subdivisions of the State of Illinois, now or hereafter
22 created, whether herein specifically mentioned or not. This
23 Act does not apply to pension funds or retirement systems
24 established under the Illinois Pension Code, except as
25 otherwise provided in that Code.
26 (Source: P.A. 90-507, eff. 8-22-97.)