House Sponsors: SCHOENBERG-MATHIAS. Short description: LOC GOVT DEBT-JOINT INVESTMENT Synopsis of Bill as introduced: Amends the Local Government Debt Reform Act. Provides that with the authorization of the governing body, the treasurer of a governmental unit may join with the treasurers of other governmental units to jointly invest funds of which the treasurer has custody. Effective immediately. HOUSE AMENDMENT NO. 1. Deletes reference to: 30 ILCS 350/12 Adds reference to: 30 ILCS 235/2 from Ch. 85, par. 902 Deletes everything. Amends the Public Funds Investment Act. Provides that in addition to the authority available to invest funds, a public agency may authorize the treasurer of that public agency to join with the treasurers of other public agencies for the purpose of jointly investing the funds of which the treasurer has custody and the sole legal authority to invest. Sets requirements for joint investments. Provides that participants in these joint investments shall avail themselves of current training in public funds management. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status