Bill Text: IL SB2596 | 2011-2012 | 97th 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) 2013-01-08 - Session Sine Die [SB2596 Detail]

Download: Illinois-2011-SB2596-Introduced.html

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97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012 SB2596 Introduced 1/18/2012, by Sen. John J. Cullerton 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.
LRB097 16069 PJG 61222 b
A BILL FOR
SB2596 LRB097 16069 PJG 61222 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.)