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IL SB2718
Bill
AI Summary
- Amends the Deposit of State Moneys Act by making a technical change to Section 1.1 (15 ILCS 520/1.1)
- Removes redundant language by deleting one instance of the word "the" in the section concerning investment requirements
- Requires state 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
- Makes clarifying grammatical revision to existing statutory text regarding state fund management practices
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