Synopsis of Bill as introduced:
Amends the Intergovernmental Cooperation Act and the Public Funds
Investment Act. Provides that nothing in the Section concerning
authorized investments for intergovernmental risk management entities
and nothing in the Section concerning authorized investments for
public agencies shall be construed to allow an intergovernmental risk
management entity to accept the deposit of public funds except for
risk management purposes. Effective immediately.
FISCAL NOTE (Treasurer Office)
SB 693 will have no impact on the State's resources.
STATE MANDATES FISCAL NOTE (DCCA)
SB 693 fails to create a State mandate.
Last action on Bill: PUBLIC ACT.............................. 90-0319
Last action date: 97-08-01
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status