Illinois Statutes
§ 1H-50 — Deposits and investments
Illinois·Topic EDUCATION·Ch. 105 SCHOOLS·Act 105 ILCS 5/ School Code.·Art. Article 1H - Financial Oversight Panels
(a)The Panel shall have the power to establish checking and whatever other banking accounts it may deem appropriate for conducting its affairs.
(b)Subject to the provisions of any contract with or for the benefit of the holders of its obligations, the Panel may invest any funds not required for immediate use or disbursement, as provided in the Public Funds Investment Act.
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Illinois § 1H-50 (Deposits and investments) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 97-429, eff. 8-16-11.)
Nearby Sections
15
§ 1H-1
Short title§ 1H-10
Definitions§ 1H-100
§ 1H-100§ 1H-110
Sanctions§ 1H-115
Abolition of Panel§ 1H-120
§ 1H-120§ 1H-15
§ 1H-15§ 1H-20
Members of Panel; meetings§ 1H-25
General powers§ 1H-30
Employees§ 1H-35
School treasurer§ 1H-50
Deposits and investments