PUB FUNDS INVEST- SHORT TERM Senate SponsorsSen. Bill Brady 1/9/2007SenateSession Sine Die 30 ILCS 235/2from Ch. 85, par. 902Amends the Public Funds Investment Act. Allows investment in (i) short term obligations of certain corporations if the purchases do not exceed 10% of the corporation's outstanding obligations "at the time of the purchase of the obligations" and (ii) certain money market mutual funds if the portfolio of the fund is limited to certain mutual bonds. Allows investment in any obligations of the Federal National Mortgage Association or certain savings and loan associations (now, only short term discount obligations). Effective immediately. 2/25/2005SenateFiled with Secretary by Sen. Bill Brady 2/25/2005SenateFirst Reading 2/25/2005SenateReferred to Rules 1/9/2007SenateSession Sine Die