Newsletter of the Illinois Securities Department. In this issue:Top 10 Securities Scams; Hedge Fund Operator Guilty; Enforcement Administrative Orders; Investor Education; Harmening Named Employee of the Month
The Biennial Comprehensive Status and Self-assessment Report of the Illinois Groundwater Protection Program has been prepared persuant to Section 4(b)(8) of the Illinois Groundwater Protection Act. The Act created a comprehensive, prevention-based policy focused on protecting the beneficial uses of groundwater and preventing degradation.
The Treasurer issues this Request for Proposals for Financial Services. State law authorizes the State Treasurer to accept a proposal from an eligible financial institution which provides for a reduced rate of interest provided that such institution agrees to expend an amount equal to the amount of the reduction for the preservation of Cahokia Mounds. 15 ILCS 520/7. The Illinois State Treasurer desires to provide financial support to help preserve the Cahokia Mounds State Historic Site by establishing The Cahokia Mounds Preservation Fund(Fund). The Fund will be created from the money expended by Financial Institutions in the amount equal to the reduction in the rate of interest generated from State deposits. We anticipate crediting interest income of $200,000.00 to the Fund within the first six (6) months and continue to build the amount deposited on an ongoing basis. The Treasurer seeks a financial institution, with a bank presence near Cahokia Mounds, as a partner in this endeavor to assist in the management of the Fund.