The State Treasurer shall enter into deposit agreements with financial institutions specifying the manner of interest calculation and compounding and the frequency of interest collection regarding moneys deposited under this Act.
15 ILCS 520/14
Interest
Known as the Deposit of State Moneys Act
The act spans §§ 15-520-0-01 to 15-520-9 (34 sections).
P.A. 102-297, eff. 8-6-21.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.