Illinois General Assembly - Full Text of SB0260

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Full Text of SB0260 97th General Assembly

Introduced
Senate Amendment 001 Senate Amendment 002 Senate Amendment 003
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SB0260 97TH GENERAL ASSEMBLY

97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012
SB0260

Introduced 2/8/2011, by Sen. John J. Cullerton

SYNOPSIS AS INTRODUCED:

15 ILCS 520/1.1   from Ch. 130, par. 20.1
    Amends the Deposit of State Moneys Act. Makes a technical change in a Section concerning investment in minority-owned financial institutions.

LRB097 04069 RLJ 44108 b

A BILL FOR

SB0260 LRB097 04069 RLJ 44108 b

1     AN ACT concerning State government.

2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:

4     Section 5. The Deposit of State Moneys Act is amended by
5 changing Section 1.1 as follows:

6     (15 ILCS 520/1.1)  (from Ch. 130, par. 20.1)
7     Sec. 1.1. When investing or depositing public funds, each
8 custodian shall, tothe~~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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