Bill Title: Amends the Public Funds Investment Act. Provides that any unit of local government (now, municipalities and counties only) may invest its public funds in interest bearing bonds of any county, township, city, village, incorporated town, municipal corporation, or school district, of the State of Illinois, of any other state, or of any political subdivision or agency of the State of Illinois or of any other state. Amends the Municipal Code to provide that municipalities are authorized to invest the funds and public moneys in the custody of the municipal treasurer in accordance with the Public Funds Investment Act.

Spectrum: Slight Partisan Bill (Democrat 2-1)

Status: (Passed) 2013-08-09 - Public Act . . . . . . . . . 98-0297 [SB1950 Detail]

Text: Latest bill text (Chaptered) [HTML]

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