Amendment of Municipal Code Section 2-32-520 to require City Treasurer to provide 30-day notice prior to any change in investment policy

Legislation tracker › Finance › 15th Ward: Raymond A. Lopez

• Record number: O2025-0021074
• Type: Ordinance; category: Municipal Code Amendments
• Status: In Committee (Re-Referred)
• Sponsor: Raymond A. Lopez (15th Ward)
• Co-sponsors (2): Anthony V. Napolitano (41st Ward), Brendan Reilly (42nd Ward)
• Committee: Committee on Finance
• Submitted Date: Nov 14, 2025
• Introduction Date: Nov 14, 2025
• Official record: Office of the City Clerk

Impact report

Written by AI from the official document. AI can make mistakes; the official document always wins.

This item would change city law so the City Treasurer must give 30 days' notice before changing the city's investment policy, and a committee recommended sending it to the Committee on Finance for review.

Who it affects

• City Treasurer's office: The Treasurer would have to give 30 days' notice before making any change to the city's investment policy.
• City Council members: The proposal would go to the Committee on Finance for review after the Committee on Committees and Rules recommended re-referring it.

What changes

• The City Treasurer would need to give 30 days' notice before any change in investment policy.
• Municipal Code Section 2-32-520 would be amended.
• The proposal is being sent to the Committee on Finance for further review.

Timeline

• Nov 14, 2025: Referred, City Council. Two committees having been called, the Committee on Finance and the Committee on the Budget and Government Operations, the matter was Referred to the Committee on Committees and Rules (Pursuant to Council Rule 42).
• Jul 9, 2026: Recommended for Re-Referral, Committee on Committees and Rules. The matter was recommended for Re-Referral by controlling legislative body.
• Jul 15, 2026: Referred, City Council. The matter was Referred to Committee.

Documents

• 7.15.26 CCR Report to Council - Item 6.pdf (Committee Letter)
• w15,41,42 - 2-32-520.pdf (Legislation)

Related legislation

More from Raymond A. Lopez

• Approval of Canaryville Resubdivision (O2026-0029471, introduced Oct 14, 2026, Referred)
• Establishment of "Senior Citizen Property Tax Holiday" in effect from September 1, 2026 through December 24, 2026 in City of Chicago (O2026-0027485, introduced Sep 23, 2026, Referred)
• Amendment of Municipal Code Section 2-45-165 by including additional review and decision-making criteria when considering revocation of… (SO2026-0027237, introduced Jul 15, 2026, Passed as Substitute)

More on Municipal Code Amendments

• Amendment of Municipal Code Section 9-24-065 regarding ability to pay pilot program (O2026-0029654, introduced Dec 8, 2026, Council Introduction)
• Amendment of Municipal Code Titles 3, 4 and 8 regarding technical and scriveners' corrections (2027 Municipal Code Corrections Ordinance) (O2026-0029649, introduced Oct 21, 2026, Referred)
• Amendment of Municipal Code Titles 2, 4, 6, 7, 8, 9, 10, 11, 14A, 15, 17 regarding management, structure, powers and functions of various… (O2026-0029644, introduced Oct 21, 2026, Referred)

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