Bill Text: IL SB3310 | 2011-2012 | 97th General Assembly | Introduced
Bill Title: Amends the Illinois Procurement Code. Makes a technical change in a Section concerning insider information.
Spectrum: Bipartisan Bill
Status: (Failed) 2013-01-08 - Session Sine Die [SB3310 Detail]
Download: Illinois-2011-SB3310-Introduced.html
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1 | AN ACT concerning finance.
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2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||
3 | represented in the General Assembly:
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4 | Section 5. The Illinois Procurement Code is amended by | |||||||||||||||||||
5 | changing Section 50-50 as follows:
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6 | (30 ILCS 500/50-50)
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7 | Sec. 50-50. Insider information. It is unlawful for any | |||||||||||||||||||
8 | current or
former elected or appointed State official or State | |||||||||||||||||||
9 | employee to knowingly use
confidential information available | |||||||||||||||||||
10 | only by virtue of that
that office or employment
for actual or | |||||||||||||||||||
11 | anticipated gain for themselves or another person. | |||||||||||||||||||
12 | (Source: P.A. 90-572, eff. 2-6-98.)
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