Bill Title: Amends the Public Funds Investment Act. Provides that any public agency may invest any public funds in obligations (currently, short term obligations) of corporations organized in the United States with assets exceeding $500,000,000 if such obligations mature not later than 3 years (currently, 270 days) from the date of purchase, in addition to other criteria. Effective immediately.
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: (Failed) 2019-01-09 - Session Sine Die
[SB2486 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
|---|
| Engrossed | 2018-04-19 | HTML/Text | Link | View |
| Introduced | 2018-01-31 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
|---|
| No bill amendments currently on file for Illinois SB2486 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
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| No supplemental documents for Illinois SB2486 currently on file. |
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