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

 

HB1117LRB100 02281 MLM 12286 b

1    AN ACT concerning finance.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Public Funds Investment Act is amended by
5changing Section 5 as follows:
 
6    (30 ILCS 235/5)  (from Ch. 85, par. 905)
7    Sec. 5. This Act, without reference to any other statute,
8shall be deemed full and and complete authority for the
9investment of public funds, as hereinabove provided, and shall
10be construed as an additional and alternative method therefor.
11(Source: Laws 1943, vol. 1, p. 951.)