Public Act 095-0273
 
SB0321 Enrolled LRB095 10151 RCE 30365 b

    AN ACT concerning State government.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The State Treasurer Act is amended by adding
Section 16.7 as follows:
 
    (15 ILCS 505/16.7 new)
    Sec. 16.7. Investment transparency.
    (a) Purpose. The purpose of this Section is to provide for
transparency in the investment of public funds by requiring the
reporting of full and complete information regarding the
investment moneys by the State Treasurer.
    (b) Online information concerning the investment of public
funds. The State Treasurer shall make available on his or her
official website, and update at least monthly, the following
information concerning the investment of public funds:
        (1) the total amount of funds held by the State
    Treasurer;
        (2) the asset allocation for the investments made by
    the State Treasurer;
        (3) the benchmarks established by the State Treasurer;
        (4) current and historic return information; and
        (5) a detailed listing of the time deposit balances,
    including for each deposit, the name of the financial
    institution and the deposit rate.
    (c) Information exempt from reporting requirement. Nothing
in this Section requires the State Treasurer to make
information available on the Internet that is exempt from
inspection and copying under the Freedom of Information Act.

Effective Date: 1/1/2008