093_SB1058

 
                                     LRB093 06365 BDD 06484 b

 1        AN ACT concerning State moneys.

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