SB3691 amends the Public Funds Investment Act to expand the types of investments public agencies in Illinois can make with public funds.
SB3691 modifies the Public Funds Investment Act to allow public agencies in Illinois to invest public funds in a broader range of securities. These include bonds, notes, certificates of indebtedness, treasury bills, and other securities guaranteed by the United States. It also permits investments in bonds and obligations of the United States, its agencies, and instrumentalities. Additionally, the bill allows for investments in interest-bearing savings accounts, short-term obligations of corporations, and repurchase agreements of government securities.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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