Bill Text: IL HB0133 | 2019-2020 | 101st General Assembly | Introduced


Bill Title: Amends the Deposit of State Moneys Act. Makes a technical change in a Section concerning investment in minority-owned financial institutions.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2019-04-12 - House Floor Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee [HB0133 Detail]

Download: Illinois-2019-HB0133-Introduced.html


101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB0133

Introduced , by Rep. Michael J. Madigan

SYNOPSIS AS INTRODUCED:
15 ILCS 520/1.1 from Ch. 130, par. 20.1

Amends the Deposit of State Moneys Act. Makes a technical change in a Section concerning investment in minority-owned financial institutions.
LRB101 02905 RJF 47913 b

A BILL FOR

HB0133LRB101 02905 RJF 47913 b
1 AN ACT concerning State government.
2 Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4 Section 5. The Deposit of State Moneys Act is amended by
5changing Section 1.1 as follows:
6 (15 ILCS 520/1.1) (from Ch. 130, par. 20.1)
7 Sec. 1.1. When investing or depositing public funds, each
8custodian shall, to the the extent permitted by this Act and by
9the lawful and reasonable performance of his custodial duties,
10invest or deposit such funds with or in minority-owned
11financial institutions within this State.
12(Source: P.A. 84-754.)
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