IL HB1353

Adds park districts, forest preserve districts, and conservation districts to entities authorized to invest in interest-bearing bonds of Illinois counties, townships, cities, villages, school districts, and political subdivisions, with bonds rated in the 4 highest classifications by a nationally recognized rating service.

Maintains existing investment authorization for municipalities and counties to invest in bonds of Illinois and other states' political subdivisions and agencies.

Preserves restrictions on conflicts of interest for treasurers and financial officers, prohibiting direct or indirect interests in authorized investments or their sellers, sponsors, managers, or compensation from such investments.

Retains all existing investment options including U.S. Treasury securities, bank deposits, corporate short-term obligations, money market mutual funds, repurchase agreements, and Public Treasurers' Investment Pool.

Takes effect upon becoming law.