The State of Illinois has been buying Israel bonds for almost ten years now and, like Ohio, has done so after special legislation allowing state purchase of foreign debt was approved. Interestingly, except for a very few other countries, Israel has been the only beneficiary, often all by itself year after year, in this foreign investing. This can only make this Illinois taxpayer wonder if the whole foreign investment plan was purely for the sake of buying Israel bonds. The lobby is at work at both the national and state levels.
from the article: In historic move, Ohio purchases $42 million in Israel Bonds