Illinois § 16.7
Full text of Illinois Illinois Compiled Statutes § 16.7, with citation guidance and answers to common questions.
§ 16.7.
Investment transparency. (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 Treasurer; (2) the asset allocation for the investments made by the State Treasurer; (3) the benchmarks established by the State Treasurer; (4) current and historic return information; and (5) a detailed listing of the time deposit balances, including for each deposit, the name of the financial institution and the deposit rate. (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. (Source: P.A. 95-273, eff. 1-1-08.)
Frequently Asked Questions About Illinois § 16.7
What does Illinois Compiled Statutes § 16.7 cover?
Section 16.7 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 16.7?
A common citation format is "Illinois Compiled Statutes § 16.7" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 16.7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.