Loading chat...
IL SB3210
Bill
Status
Failed
1/13/2015
Primary Sponsor
Christine Radogno
Click for details
AI Summary
- Amends Section 17 of the State Treasurer Act concerning the Public Treasurers' Investment Pool.
- Makes a technical grammatical correction by removing a duplicated word "the" in the section describing investment opportunities.
- State Treasurer may establish and administer the Public Treasurers' Investment Pool to supplement investment opportunities for custodians of public funds in Illinois.
- Treasurer must develop, publish, and implement an investment policy that is reviewed annually and updated within 90 days after a new Treasurer takes office.
- State Treasurer must provide a bond in the penal sum of $150,000 when creating the Public Treasurers' Investment Pool, conditioned on faithful discharge of duties.
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