State of Illinois
92nd General Assembly
Legislation

   [ Search ]   [ PDF text ]   [ Legislation ]   
[ Home ]   [ Back ]   [ Bottom ]



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.

[ Top ]