Illinois Statutes

§ 34-81 — Interest on fund

Illinois·Topic EDUCATION·Ch. 105 SCHOOLS·Act 105 ILCS 5/ School Code.·Art. Article 34 - Cities Of Over 500,000 Inhabitants - Board Of Education
Neither the treasurer nor any other officer having the custody of public school funds is entitled to retain any interest accruing thereon, but such interest shall accrue and inure to the benefit of such funds respectively, become a part thereof and be paid into the city treasury, subject to the purposes of this Act.

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Legislative History

(Source: Laws 1961, p. 31.)

Nearby Sections

15
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