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92_HB2533 LRB9206507JMmb 1 AN ACT concerning the deposit of public funds. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Deposit of State Moneys Act is amended by 5 adding Section 25 as follows: 6 (15 ILCS 520/25 new) 7 Sec. 25. Deposits limited to Illinois financial 8 institutions. Notwithstanding any other provision of law to 9 the contrary, State moneys may be deposited only in financial 10 institutions headquartered in Illinois. 11 Section 10. The Public Funds Deposit Act is amended by 12 adding Section 5 as follows: 13 (30 ILCS 225/5 new) 14 Sec. 5. Deposits limited to Illinois financial 15 institutions. Notwithstanding any other provision of law to 16 the contrary, public funds may be deposited only in financial 17 institutions headquartered in Illinois.