Bill Text: IL HB1117 | 2017-2018 | 100th General Assembly | Introduced

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Bill Title: Amends the Public Funds Investment Act. Makes a technical change in a Section concerning the grant of authority under the Act.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2019-01-08 - Session Sine Die [HB1117 Detail]

Download: Illinois-2017-HB1117-Introduced.html

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100TH GENERAL ASSEMBLY State of Illinois 2017 and 2018 HB1117 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
30 ILCS 235/5 from Ch. 85, par. 905
Amends the Public Funds Investment Act. Makes a technical change in a Section concerning the grant of authority under the Act.
LRB100 02281 MLM 12286 b
A BILL FOR
HB1117 LRB100 02281 MLM 12286 b
AN ACT concerning finance.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Public Funds Investment Act is amended by
changing Section 5 as follows:
(30 ILCS 235/5) (from Ch. 85, par. 905)
Sec. 5. This Act, without reference to any other statute,
shall be deemed full and and complete authority for the
investment of public funds, as hereinabove provided, and shall
be construed as an additional and alternative method therefor.
(Source: Laws 1943, vol. 1, p. 951.)