2005 Illinois Code - Chapter 30 Finance 30 ILCS 237/ Accountability for the Investment of Public Funds Act.
(30 ILCS 237/1)
Sec. 1.
Short title.
This Act may be cited as the Accountability for the
Investment of Public Funds Act.
(Source: P.A. 93‑499, eff. 1‑1‑04.)
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(30 ILCS 237/5)
Sec. 5.
Definitions.
As used in this Act:
"Public funds" means current operating funds, special funds, interest and
sinking
funds, and funds of any kind or character belonging to or in the custody of any
State
agency.
"State agency" means those entities included in the definition of "State
agencies"
in the Illinois State Auditing Act.
(Source: P.A. 93‑499, eff. 1‑1‑04.)
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(30 ILCS 237/10)
Sec. 10.
Online information concerning investment of public funds.
Each
State agency shall make available on the Internet, and
update at
least monthly by the 15th of the month, sufficient information concerning the
investment of any public
funds held
by that State agency to identify the following:
(1) the amount of funds held by that agency on the |
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last day of the preceding month or the average daily balance for the preceding month;
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(2) the total monthly investment income and yield
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for all funds invested by that agency;
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(3) the asset allocation of the investments made by
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(4) a complete listing of all approved depository
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institutions, commercial paper issuers, and broker‑dealers approved to do business with that agency.
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(Source: P.A. 93‑499, eff. 1‑1‑04.)
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(30 ILCS 237/15)
Sec. 15.
Information exempt from posting requirement.
Nothing in this
Act shall require a State agency to make information available on the Internet
that is exempt from inspection and copying under the Freedom of Information
Act.
(Source: P.A. 93‑499, eff. 1‑1‑04.)
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