Statutes, codes, and regulations
Illinois Compiled Statutes
GOVERNMENTChapter 15 - EXECUTIVE OFFICERSSubchapter - TREASURER
Act 520 - DEPOSIT OF STATE MONEYS ACT
Section 15 ILCS 520/2 - All financial institutions in which any such money is deposited shall be required to pay interest

15 ILCS 520/2

Download
PDF
Current through Public Act 103-1052
Section 15 ILCS 520/2 - All financial institutions in which any such money is deposited shall be required to pay interest

All interest received or paid on account of money in the State Treasury belonging to or for the use of the State so deposited in financial institutions shall be the property of the State of Illinois. If any moneys held by the State Treasurer shall be deposited in financial institutions pursuant to the provisions of this Act, the interest received thereon shall be credited as provided in Section 4.1 of the State Finance Act .

15 ILCS 520/2

P.A. 84-1378.
Amended by P.A. 102-0297,§ 10, eff. 8/6/2021.