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IL SB2716
Bill
AI Summary
- Amends Section 4 of the Deposit of State Moneys Act (15 ILCS 520/4)
- Makes a technical change by removing redundant language regarding "and" in the description of deposit classes
- Maintains the requirement for two classes of depositaries: time deposit and demand deposit
- Preserves the requirement for the State Treasurer to obtain separate proposals for each deposit class with interest rate quotations for 30, 60, 90, or longer day periods
Legislative Description
STATE GOVERNMENT-TECH
Last Action
Session Sine Die
1/9/2019
Committee Referrals
Assignments4/27/2018
Executive2/20/2018
Assignments2/13/2018
Full Bill Text
No bill text available