Illinois Statutes
§ 240-37 — Funds; compliance with Public Funds Investment Act
Illinois·Topic GOVERNMENT·Ch. 70 SPECIAL DISTRICTS·Act 70 ILCS 200/ Civic Center Code.·Art. Article 240 - Rockford Civic Center
All funds deposited by the treasurer shall be placed in the name of the Authority and shall be withdrawn or paid out only by check or draft upon the bank or savings and loan association, signed by the treasurer and countersigned by the chairman of the Board. The Board may designate any of its members or any officer or employee of the Authority to deposit funds or to sign any check or draft. No bank or savings and loan association shall receive public funds as permitted by this Section, unless it has complied with the requirements established pursuant to Section 6 of the Public Funds Investment Act.
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Legislative History
(Source: P.A. 90-328, eff. 1-1-98.)
Nearby Sections
15
§ 240
District enlarged§ 240-1
Short title§ 240-15
Rights and powers§ 240-20
State office building§ 240-22
Bonds other than revenue bonds§ 240-23
Tax§ 240-25
Board created§ 240-30
Board members appointed§ 240-35
§ 240-35§ 240-40
Security police force§ 240-5
Definitions§ 240-50
Contracts