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IL SB3209

Bill

Official Source

Status

Failed

1/13/2015

Primary Sponsor

Christine Radogno

Click for details

Origin

Senate

98th General Assembly

AI Summary

  • Amends the Deposit of State Moneys Act (15 ILCS 520/1.1) to make a technical change regarding investment in minority-owned financial institutions
  • Requires state fund custodians to invest or deposit public funds with minority-owned financial institutions within Illinois to the extent permitted by law and consistent with custodial duties
  • Changes redundant language by removing one instance of "the" in the statute text
  • Applies to all custodians managing state moneys when making investment or deposit decisions

Legislative Description

STATE GOVERNMENT-TECH

Last Action

Session Sine Die

1/13/2015

Committee Referrals

Assignments2/11/2014

Full Bill Text

No bill text available