Illinois § 30-15 Investments of the Fund

Illinois Statutes

§ 30-15 — Investments of the Fund

Illinois § 30-15

JurisdictionIllinois

TopicREGULATION

Ch. 240WAREHOUSES

Act 240 ILCS 40/Grain Code.

Art.Article 30 - Illinois Grain Insurance Fund

This text of Illinois § 30-15 (Investments of the Fund) 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

240 Ill. Comp. Stat. 30-15 (2026).

Text

(a)All assessments by the Department under Section 5-30 shall be held by the Corporation in the Fund.

(b)Subject to applicable law, the assets of the Fund may be invested and reinvested at the discretion of the Corporation, and the income from these investments shall be deposited to the credit of the Fund and shall be available for the same purposes as all other assets of the Fund.

(c)Except as provided in Section 20-20(e), the assets of the Fund shall not be available for any purpose other than the payment of valid claims under this Code and the payment of refunds of amounts that the Board determines have been inappropriately paid into the Fund, and may not be transferred to any other fund, other than the Trust Account when necessary to pay valid claims under this Code or to pay refund

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(a) All assessments by the Department under Section 5-30 shall be held by the Corporation in the Fund. (b) Subject to applicable law, the assets of the Fund may be invested and reinvested at the discretion of the Corporation, and the income from these investments shall be deposited to the credit of the Fund and shall be available for the same purposes as all other assets of the Fund. (c) Except as provided in Section 20-20(e), the assets of the Fund shall not be available for any purpose other than the payment of valid claims under this Code and the payment of refunds of amounts that the Board determines have been inappropriately paid into the Fund, and may not be transferred to any other fund, other than the Trust Account when necessary to pay valid claims under this Code or to pay refunds authorized by the Board.