Date	Chamber	Action
1/13/2021	House	Session Sine Die

Statutes Amended In Order of Appearance

30 ILCS 235/7

from Ch. 85, par. 907

30 ILCS 235/7.5 new

Synopsis As Introduced
Amends the Public Funds Investment Act. Provides that when investing or depositing public funds, each public agency shall invest or deposit such funds with or in financial institutions that have a board of directors consisting of at least 20% persons of color. Provides that a financial institution that does not have a board of directors consisting of at least 20% persons of color may increase or modify its board membership. Provides that any public agency investing or depositing public funds shall divest any previously invested or deposited funds from any financial institution failing to meet specified requirements by January 1, 2021. Defines "persons of color". Makes conforming changes. Effective immediately.

Actions 

Date	Chamber	Action
7/1/2020	House	Filed with the Clerk by Rep. Emanuel Chris Welch
8/31/2020	House	Added Chief Co-Sponsor Rep. Anna Moeller
9/14/2020	House	Added Co-Sponsor Rep. Marcus C. Evans, Jr.
11/10/2020	House	First Reading
11/10/2020	House	Referred to Rules Committee
1/13/2021	House	Session Sine Die

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