Amends the State Treasurer Act. Provides that the State Treasurer may establish and administer a non-profit investment pool and an electronic payment processing program to supplement and enhance investment opportunities and secure electronic payment options otherwise available to not-for-profit corporations in the State. Provides that the Treasurer may receive funds paid into the pool for the purpose of holding and investing those funds. Provides for surety bonds payable to not-for-profit corporations who participate in the pool. Provides that the Treasurer shall adopt rules for the efficient administration of the pool.
Statutes affected: Introduced: 15 ILCS 505/17
Engrossed: 15 ILCS 505/17
Enrolled: 10 ILCS 5/1, 20 ILCS 105/8, 20 ILCS 505/5, 20 ILCS 750/10, 20 ILCS 1605/21, 20 ILCS 2310/2310, 20 ILCS 3855/1, 20 ILCS 3960/3, 20 ILCS 4122/95, 20 ILCS 4126/30, 20 ILCS 4126/35, 20 ILCS 4134/20, 30 ILCS 500/1, 30 ILCS 500/30, 35 ILCS 5/221, 35 ILCS 5/231, 55 ILCS 5/3, 55 ILCS 5/5, 70 ILCS 1235/20, 70 ILCS 1235/25, 5 ILCS 70/9, 720 ILCS 5/33, 735 ILCS 30/25, 10 ILCS 5/10, 65 ILCS 5/3, 70 ILCS 805/3, 70 ILCS 1205/2, 105 ILCS 5/3, 105 ILCS 5/34, 70 ILCS 3615/4, 20 ILCS 2705/2705