August 21, 2018
To the Honorable
The Illinois Senate,
I return Senate Bill 2661 with specific recommendations for change.
legislation adjusts the Treasurer’s ability to deposit state money and
securities in more types financial institutions and expand his investment
authority over certain funds. I am concerned that this legislation adds a new
option for the treasurer to invest in riskier assets without the necessary
oversight of the Executive branch that is consistent with the rest of this
pursuant to Section 9(e) of Article IV of the Illinois Constitution of 1970, I
hereby return Senate Bill 2661, entitled “AN ACT concerning state government”,
with the following specific recommendations for change:
page 7, replace line 9 with: “The State Treasurer
may, with the approval of the Governor, invest or reinvest up to 5% of the”.
these changes, Senate Bill 2661 will have my approval. I respectfully request