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92_SB1079
LRB9205905REsb
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.)