(a) The Panel shall have the power to establish checking and whatever other banking accounts it may deem appropriate for conducting its affairs. (b) Subject to the provisions of any contract with or for the benefit of the holders of its obligations, the Panel may invest any funds not required for immediate use or disbursement, as provided in the Public Funds Investment Act.
105 ILCS 5/1H-50
Deposits and investments
Known as the Financial Oversight Panel Law
The act spans §§ 105-5-1h-1 to 105-5-1h-95 (23 sections).
P.A. 97-429, eff. 8-16-11.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.