Loading chat...
IL HB1572
Bill
Status
Introduced
2/11/2021
Primary Sponsor
Emanuel Welch
Click for details
AI Summary
- Amends the Deposit of State Moneys Act (15 ILCS 520/1.1) to make a technical correction regarding investment of public funds
- Changes language to clarify that custodians shall, "to the extent" permitted by law, invest or deposit state funds with minority-owned financial institutions within Illinois
- Removes redundant use of the word "the" in the statutory text
- Applies to all custodians managing public funds in the state
Legislative Description
STATE GOVERNMENT-TECH
Last Action
Rule 19(a) / Re-referred to Rules Committee
4/11/2022
Committee Referrals
Rules4/23/2021
Executive3/2/2021
Rules2/17/2021
Full Bill Text
No bill text available