Illinois General Assembly - Full Text of SB1471
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Full Text of SB1471  99th General Assembly

SB1471 99TH GENERAL ASSEMBLY


 


 
99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
SB1471

 

Introduced 2/20/2015, by Sen. Steven M. Landek

 

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.


LRB099 02916 JLK 22924 b

 

 

A BILL FOR

 

SB1471LRB099 02916 JLK 22924 b

1    AN ACT concerning State government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Deposit of State Moneys Act is amended by
5changing 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
8custodian shall, to the the extent permitted by this Act and by
9the lawful and reasonable performance of his custodial duties,
10invest or deposit such funds with or in minority-owned
11financial institutions within this State.
12(Source: P.A. 84-754.)