Illinois General Assembly - Full Text of SB2716
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Full Text of SB2716  100th General Assembly

SB2716 100TH GENERAL ASSEMBLY


 


 
100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
SB2716

 

Introduced 2/13/2018, by Sen. William E. Brady

 

SYNOPSIS AS INTRODUCED:
 
15 ILCS 520/4  from Ch. 130, par. 23

    Amends the Deposit of State Moneys Act. Makes a technical change in a Section concerning classes of depositaries.


LRB100 17600 RJF 32770 b

 

 

A BILL FOR

 

SB2716LRB100 17600 RJF 32770 b

1    AN ACT concerning State government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Deposit of State Moneys Act is amended by
5changing Section 4 as follows:
 
6    (15 ILCS 520/4)  (from Ch. 130, par. 23)
7    Sec. 4. There shall be two classes of depositaries, time
8deposit and and demand deposit, and separate proposals shall be
9obtained for each class. In calling for proposals the State
10Treasurer shall indicate that separate quotations of rates of
11interest may be made upon such State moneys as shall be
12deposited in such bank or savings and loan association and
13permitted to remain without diminution for 30, 60 or 90 days,
14or for longer periods.
15(Source: P.A. 83-541.)