Amends the Deposit of State Moneys Act. Provides that the State Treasurer may invest or reinvest any State money in private placement fixed income securities that are exempt from the registration requirements of the Securities and Exchange Commission if specified conditions are satisfied. Effective immediately.
Senate Committee Amendment No. 1: Provides that the State Treasurer may invest or reinvest any State money in pooled investment trusts that are registered as an open-end investment company with the Securities and Exchange Commission and with voting trustees that are officers or employees of a national labor federation (rather than private placement fixed income securities that are exempt from the registration requirements of the Securities and Exchange Commission).

Statutes affected:
Introduced: 15 ILCS 520/22
Engrossed: 15 ILCS 520/22