(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.)
(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.)
(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
last day of the preceding month or the average daily balance for the preceding month;
(2) the total monthly investment income and yield for
all funds invested by that agency;
(3) the asset allocation of the investments made by
that agency; and
(4) a complete listing of all approved depository
institutions, commercial paper issuers, and broker-dealers approved to do business with that agency.
(Source: P.A. 93-499, eff. 1-1-04.)
(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.)
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.