102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB3444

 

Introduced 2/22/2021, by Rep. Janet Yang Rohr

 

SYNOPSIS AS INTRODUCED:
 
30 ILCS 235/10 new

    Amends the Public Funds Investment Act. Provides that on any investment of public funds by the State of Illinois, or by a State official on behalf of the State, that entitles the State to a shareholder voting interest in a corporation, the State, or a designated State official, shall issue votes in its capacity as a shareholder. Provides that any vote made by the State in its capacity as a shareholder shall be recorded and reported to the General Assembly, and made publicly available on the Internet website of the State Treasurer.


LRB102 04146 RJF 14163 b

 

 

A BILL FOR

 

HB3444LRB102 04146 RJF 14163 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
5adding Section 10 as follows:
 
6    (30 ILCS 235/10 new)
7    Sec. 10. State investment voting interest. On any
8investment of public funds by the State of Illinois, or by a
9State official on behalf of the State, that entitles the State
10to a shareholder voting interest in a corporation, the State,
11or a designated State official, shall issue a vote in its
12capacity as a shareholder. Any vote made by the State in its
13capacity as a shareholder under this Section shall be recorded
14and reported to the General Assembly, and made publicly
15available on the Internet website of the State Treasurer.