Illinois Compiled Statutes 15 ILCS 505/16.7 – Investment transparency
Current as of: 2024 | Check for updates
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(a) Purpose. The purpose of this Section is to provide for transparency in the investment of public funds by requiring the reporting of full and complete information regarding the investment moneys by the State Treasurer.
(b) Online information concerning the investment of public funds. The State Treasurer shall make available on his or her official website, and update at least monthly, the following information concerning the investment of public funds:
(1) the total amount of funds held by the State
(b) Online information concerning the investment of public funds. The State Treasurer shall make available on his or her official website, and update at least monthly, the following information concerning the investment of public funds:
Terms Used In Illinois Compiled Statutes 15 ILCS 505/16.7
- Freedom of Information Act: A federal law that mandates that all the records created and kept by federal agencies in the executive branch of government must be open for public inspection and copying. The only exceptions are those records that fall into one of nine exempted categories listed in the statute. Source: OCC
- State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
(1) the total amount of funds held by the State
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Treasurer;
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(2) the asset allocation for the investments made by
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the State Treasurer;
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(3) the benchmarks established by the State
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Treasurer;
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(4) current and historic return information; and
(5) a detailed listing of the time deposit balances,
(5) a detailed listing of the time deposit balances,
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including for each deposit, the name of the financial institution and the deposit rate.
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(c) Information exempt from reporting requirement. Nothing in this Section requires the State Treasurer to make information available on the Internet that is exempt from inspection and copying under the Freedom of Information Act.