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Dog chasing tail? Legislation proposed to authorize Illinois Treasurer to buy receivables owed by the state

MARCH 16, 2018 | by Mark Glennon | WIREPOINTS

By Mark Glennon, includes “… But you may not know that the Illinois Treasure sits, indefinitely and inexplicably, on roughly $11 to $15 billion of state money … a bill pending in the Illinois Senate would authorize the Treasurer to use that cash to buy invoices owed by the state. It’s Senate Bill 2858 and it raises all sorts of questions …”

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