Illinois SB0090 mandates state agencies to publish monthly updates on public fund investments on the Internet.
Illinois SB0090 amends the State Treasurer Act and the Accountability for the Investment of Public Funds Act. It requires each state agency to publish and update, by the end of each month, specified information about the investment of public funds on the Internet. This includes the average daily balance, total monthly investment income, asset allocation, and a list of approved financial institutions. The bill also modifies the payment process for certain state payments, allowing them to be made by electronic direct deposit or transfer, subject to the Treasurer's approval.
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