Illinois HB1447 mandates State agencies to publish monthly updates on public fund investments online.
Illinois HB1447 amends the Accountability for the Investment of Public Funds Act, requiring each State agency to publish online and update monthly specific information about public fund investments. This includes the amount of funds, average daily balance, total monthly investment income and yield, asset allocation, and a list of approved financial institutions. The updates must be available by the end of each month. The bill also modifies the State Treasurer Act to allow certain payments without a warrant from the State Comptroller, provided they are approved by the Treasurer.
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- Core Provisions
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- Legal Framework
- Critical Issues
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