98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB4800

 

Introduced , by Rep. Jim Durkin

 

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.


LRB098 14161 JWD 48751 b

 

 

A BILL FOR

 

HB4800LRB098 14161 JWD 48751 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 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
8custodian shall, to the the extent permitted by this Act and by
9the lawful and reasonable performance of his custodial duties,
10invest or deposit such funds with or in minority-owned
11financial institutions within this State.
12(Source: P.A. 84-754.)