94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB5398


 
Introduced 01/27/06, by Rep. Tom Cross
 
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.
















LRB094 15407 RCE 50599 b

















 


 


A BILL FOR









 











HB5398

LRB094 15407 RCE 50599 b






1
    AN ACT concerning State government.

 
2
    Be it enacted by the People of the State of Illinois, 
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represented in the General Assembly: 


 
4
    Section 5. The Deposit of State Moneys Act is amended by 
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changing Section 1.1 as follows:
 



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    (15 ILCS 520/1.1)  (from Ch. 130, par. 20.1)



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    Sec. 1.1. When investing or depositing public funds, each 
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custodian
shall, to  the
the  extent permitted by this Act and by 
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the lawful and reasonable
performance of his custodial duties, 
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invest or deposit such funds with or
in minority-owned 
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financial institutions within this State.
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(Source: P.A. 84-754.)