Bill Text: IL HB3005 | 2017-2018 | 100th General Assembly | Chaptered
Bill Title: Amends the Deposit of State Moneys Act. Provides that the State Treasurer may, with the approval of the Governor, invest or reinvest (regardless of whether the price exceeds par) any State money in the treasury that is not needed for current expenditures due or about to become due, or any money in the State Treasury that has been set aside and held for the payment of the principal of and interest on any State bonds, in bonds issued by counties or municipal corporations of this State. Effective immediately.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Passed) 2017-09-08 - Public Act . . . . . . . . . 100-0490 [HB3005 Detail]
Download: Illinois-2017-HB3005-Chaptered.html
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| Public Act 100-0490 | ||||
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AN ACT concerning State government.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The State Treasurer Act is amended by changing | ||||
Section 7 as follows:
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(15 ILCS 505/7) (from Ch. 130, par. 7)
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Sec. 7.
The State Treasurer shall receive the revenues and | ||||
all other public
moneys of the state, and all moneys authorized | ||||
by law to be paid to him,
and safely keep the same. Revenue | ||||
received by the State in the form of coins, cash, checks, | ||||
drafts, electronic fund transfers, electronic checks, credit | ||||
card payments, debit card payments, or other similar payment | ||||
instruments and the processing thereof shall be authorized for | ||||
acceptance and collection by the State Treasurer.
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(Source: Laws 1873, p. 186.)
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Section 99. Effective date. This Act takes effect upon | ||||
becoming law.
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