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