SB2028 94TH GENERAL ASSEMBLY 






 

 		











94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB2028


 
Introduced 2/25/2005, by Sen. Jacqueline Y. Collins
 
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 11252 BDD 41999 b

















 


 


A BILL FOR









 











SB2028

LRB094 11252 BDD 41999 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.)