Bill Text: IL SB0536 | 2023-2024 | 103rd General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

---

Bill Title: Amends the Public Funds Investment Act. Provides that a public agency may adopt an ordinance or resolution to allow for investment of public funds in instruments that are not specifically listed as authorized investments if those investments comply with (i) any other law that authorizes public agencies to invest funds and (ii) the investment policy adopted by the public agency.

Spectrum: Slight Partisan Bill (Democrat 5-2)

Status: (Passed) 2024-08-09 - Public Act . . . . . . . . . 103-0880 [SB0536 Detail]

Download: Illinois-2023-SB0536-Introduced.html

---

103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 SB0536 Introduced 2/2/2023, by Sen. Don Harmon SYNOPSIS AS INTRODUCED:
30 ILCS 115/0.1 from Ch. 85, par. 610
Amends the State Revenue Sharing Act. Makes a technical change in a Section concerning the short title.
LRB103 03007 HLH 48013 b
A BILL FOR
SB0536 LRB103 03007 HLH 48013 b
AN ACT concerning finance.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The State Revenue Sharing Act is amended by
changing Section 0.1 as follows:
(30 ILCS 115/0.1) (from Ch. 85, par. 610)
Sec. 0.1. This Act shall be known and and may be cited as
the State Revenue Sharing Act.
(Source: P.A. 91-51, eff. 6-30-99.)