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| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB1117 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
| | 30 ILCS 235/5 | from Ch. 85, par. 905 |
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Amends the Public Funds Investment Act. Makes a technical change in a Section concerning
the grant of authority under the Act.
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| | A BILL FOR |
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| | HB1117 | | LRB100 02281 MLM 12286 b |
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| 1 | | AN ACT concerning finance.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Public Funds Investment Act is amended by |
| 5 | | changing Section 5 as follows:
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| 6 | | (30 ILCS 235/5) (from Ch. 85, par. 905)
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| 7 | | Sec. 5.
This Act, without reference to any other statute, |
| 8 | | shall be deemed
full and
and complete authority for the |
| 9 | | investment of public funds, as
hereinabove provided, and shall |
| 10 | | be construed as an additional and
alternative method therefor. |
| 11 | | (Source: Laws 1943, vol. 1, p. 951.)
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