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Act

Public Funds Investment Act

  • 30 ILCS 235/0.01— Short title
  • 30 ILCS 235/1— The words "public funds", as used in this Act, mean current operating funds, special funds, interest and sinking funds, and funds of any kind or character belonging to or in the custody of any public agency
  • 30 ILCS 235/2— Authorized investments
  • 30 ILCS 235/2.3— Russian or Belarusian investments prohibited
  • 30 ILCS 235/2.5— Investment policy
  • 30 ILCS 235/2.10— Unit of local government; deposit at reduced rate of interest
  • 30 ILCS 235/3
  • 30 ILCS 235/4
  • 30 ILCS 235/5— This Act, without reference to any other statute, shall be deemed full and complete authority for the investment of public funds, as hereinabove provided, and shall be construed as an additional and alternative method therefor
  • 30 ILCS 235/6— Report of financial institutions
  • 30 ILCS 235/6.5— Federally insured deposits at Illinois financial institutions
  • 30 ILCS 235/7— When investing or depositing public funds, each custodian shall, to the extent permitted by this Act and by the lawful and reasonable performance of his custodial duties, invest or deposit such funds with or in minority-owned financial institutions within this State
  • 30 ILCS 235/8— Consideration of financial institution's commitment to its community
  • 30 ILCS 235/9— Municipal and county investment in not-for-profit community development financial institutions