Illinois Statutes
§ 21-8 — Interest on public funds
Illinois·Topic GOVERNMENT·Ch. 65 MUNICIPALITIES·Act 65 ILCS 20/ Revised Cities and Villages Act of 1941.·Art. prec. Sec. 21-5 - City Officers
Neither the treasurer nor any other officer of the city of Chicago having public funds in his possession or custody shall be entitled to the interest accruing thereon or any part thereof, but such interest shall inure to the benefit of such city and be paid into its treasury.
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Legislative History
(Source: Laws 1941, vol. 2, p. 19 .)
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