Illinois Statutes
§ 1.1
Illinois § 1.1
JurisdictionIllinois
TopicGOVERNMENT
Ch. 15EXECUTIVE OFFICERS
Act 15 ILCS 520/Deposit of State Moneys Act.
This text of Illinois § 1.1 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
15 Ill. Comp. Stat. 1.1 (2026).
Text
When investing or depositing public funds, each custodian shall, to the extent permitted by this Act and by the lawful and reasonable performance of his custodial duties, invest or deposit such funds with or in minority-owned financial institutions within this State. For the purposes of this Section, "minority-owned financial institutions" means a financial institution with 51% or more of the stock or equity of the business owned by women, minority persons, military veterans, qualified service-disabled veteran-owned, or persons with disabilities as defined in Section 2 of the Business Enterprise for Minorities, Women, and Persons with Disabilities Act and Section 45-57 of the Illinois Procurement Code.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
(Source: P.A. 102-297, eff. 8-6-21.)
Nearby Sections
15
Cite This Page — Counsel Stack
Bluebook (online)
Illinois § 1.1, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/15/1.1.