HB5033 expands the types of investments the State Treasurer can make with state funds.
HB5033 amends the Deposit of State Moneys Act to allow the State Treasurer to invest in various financial instruments, including private placement fixed income securities, repurchase agreements, and short-term obligations of corporations or limited liability companies. The bill sets specific conditions for these investments, such as asset thresholds, rating requirements, and restrictions on companies placed on a restricted list by the Illinois Investment Policy Board. The State Treasurer can also invest in state bonds, interest-bearing accounts, and other specified securities.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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