Illinois Statutes
§ 1H-50 — Deposits and investments
Illinois § 1H-50
JurisdictionIllinois
TopicEDUCATION
Ch. 105SCHOOLS
Act 105 ILCS 5/School Code.
Art.Article 1H - Financial Oversight Panels
This text of Illinois § 1H-50 (Deposits and investments) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
105 Ill. Comp. Stat. 1H-50 (2026).
Text
(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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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 investmentsCite This Page — Counsel Stack
Bluebook (online)
Illinois § 1H-50, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/105/1H-50.