Bill Text: IL HB1259 | 2021-2022 | 102nd General Assembly | Introduced

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Bill Title: Amends the Public Funds Investment Act. Makes a technical change in a Section concerning the grant of authority under the Act.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2021-04-23 - Rule 19(a) / Re-referred to Rules Committee [HB1259 Detail]

Download: Illinois-2021-HB1259-Introduced.html

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102ND GENERAL ASSEMBLY State of Illinois 2021 and 2022 HB1259 Introduced , by Rep. Emanuel Chris Welch SYNOPSIS AS INTRODUCED:
30 ILCS 235/5 from Ch. 85, par. 905
Amends the Public Funds Investment Act. Makes a technical change in a Section concerning the grant of authority under the Act.
LRB102 03274 RJF 13287 b
A BILL FOR
HB1259 LRB102 03274 RJF 13287 b
AN ACT concerning finance.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Public Funds Investment Act is amended by
changing Section 5 as follows:
(30 ILCS 235/5) (from Ch. 85, par. 905)
Sec. 5. This Act, without reference to any other statute,
shall be deemed full and and complete authority for the
investment of public funds, as hereinabove provided, and shall
be construed as an additional and alternative method therefor.
(Source: Laws 1943, vol. 1, p. 951.)