Bill Text: IL HB1118 | 2017-2018 | 100th General Assembly | Introduced

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Bill Title: Amends the Accountability for the Investment of Public Funds Act. Makes a technical change in a Section concerning definitions.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2019-01-08 - Session Sine Die [HB1118 Detail]

Download: Illinois-2017-HB1118-Introduced.html

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100TH GENERAL ASSEMBLY State of Illinois 2017 and 2018 HB1118 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
30 ILCS 237/5
Amends the Accountability for the Investment of Public Funds Act. Makes a technical change in a Section concerning definitions.
LRB100 02282 MLM 12287 b
A BILL FOR
HB1118 LRB100 02282 MLM 12287 b
AN ACT concerning finance.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Accountability for the Investment of Public
Funds Act is amended by changing Section 5 as follows:
(30 ILCS 237/5)
Sec. 5. Definitions. As used in this Act:
"Public funds" means current operating funds, special
funds, interest and and sinking funds, and funds of any kind or
character belonging to or in the custody of any State agency.
"State agency" means those entities included in the
definition of "State agencies" in the Illinois State Auditing
Act.
(Source: P.A. 93-499, eff. 1-1-04.)