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| | 98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
SB3209 Introduced 2/11/2014, by Sen. Christine Radogno SYNOPSIS AS INTRODUCED:
| | 15 ILCS 520/1.1 | from Ch. 130, par. 20.1 |
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Amends the Deposit of State Moneys Act. Makes a technical change in a Section
concerning investment in minority-owned financial institutions.
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| | A BILL FOR |
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| | SB3209 | | LRB098 14160 JWD 48750 b |
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1 | | AN ACT concerning State government.
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2 | | Be it enacted by the People of the State of Illinois, |
3 | | represented in the General Assembly:
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4 | | Section 5. The Deposit of State Moneys Act is amended by |
5 | | changing Section 1.1 as follows:
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6 | | (15 ILCS 520/1.1) (from Ch. 130, par. 20.1)
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7 | | Sec. 1.1.
When investing or depositing public funds, each |
8 | | custodian
shall, to the
the extent permitted by this Act and by |
9 | | the lawful and reasonable
performance of his custodial duties, |
10 | | invest or deposit such funds with or
in minority-owned |
11 | | financial institutions within this State. |
12 | | (Source: P.A. 84-754.)
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