Removes allowance for State Treasurer to invest in foreign government bonds.
Amends the Deposit of State Moneys Act by removing the provision that allows the State Treasurer to invest or reinvest any State money in bonds, notes, debentures, or other similar obligations of a foreign government. The State Treasurer may still invest in various other securities, including those issued by U.S. government agencies, U.S. corporations, and Illinois-based entities.
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