Public Act 095-0273
 		





SB0321 Enrolled
LRB095 10151 RCE 30365 b






    AN ACT concerning State government.

 
    Be it enacted by the People of the State of Illinois,
 
represented in the General Assembly:


 
    Section 5. The State Treasurer Act is amended  by adding 
Section 16.7 as follows:
 
    (15 ILCS 505/16.7  new)
    Sec. 16.7. Investment transparency.
    (a)  Purpose.  The purpose of this Section is to provide for 
transparency in the investment of public funds by requiring the 
reporting of full and complete information regarding the 
investment moneys by the State Treasurer.
    (b)  Online information concerning the investment of public 
funds.  The State Treasurer shall make available on his or her 
official website, and update at least monthly, the following 
information concerning the investment of public funds:
        (1)  the total amount of funds held by the State 
    Treasurer;
        (2)  the asset allocation for the investments made by 
    the State Treasurer;
        (3)  the benchmarks established by the State Treasurer;
        (4)  current and historic return information; and
        (5)  a detailed listing of the time deposit balances, 
    including for each deposit, the name of the financial 
    institution and the deposit rate.
    (c)  Information exempt from reporting requirement. Nothing 
in this Section requires the State Treasurer to make 
information available on the Internet that is exempt from 
inspection and copying under the Freedom of Information Act.






Effective Date:  1/1/2008