Act

Deposit of State Moneys Act

15 ILCS 520/0.01— Short title
15 ILCS 520/1— The State Treasurer shall deposit all moneys received by him or her on account of the State within five days after receiving the same in such financial institutions of the State as may be authorized to receive such deposits under the terms of this Act
15 ILCS 520/1.1— When investing or depositing public funds, each custodian shall, to the extent permitted by this Act and by the lawful and reasonable performance of his custodial duties, invest or deposit such funds with or in minority-owned financial institutions within this State
15 ILCS 520/1.2— (Repealed)
15 ILCS 520/2— All financial institutions in which any such money is deposited shall be required to pay interest
15 ILCS 520/3— (Repealed)
15 ILCS 520/4— (Repealed)
15 ILCS 520/5— (Repealed)
15 ILCS 520/6— (Repealed)
15 ILCS 520/7— (a) State depositories
15 ILCS 520/8— All proposals and applications shall be retained by the State Treasurer in accordance with the State Treasurer's approved record retention policy, and shall be open at all reasonable hours to public inspection
15 ILCS 520/9— The approval of any proposal or application shall confer no right upon any financial institution to receive deposits of public money
15 ILCS 520/10— The State Treasurer may enter into an agreement in conformity with this Act with any financial institution relating to the deposit of securities
15 ILCS 520/11— Protection of public deposits; eligible collateral
15 ILCS 520/11.1— The State Treasurer may, in his or her discretion, accept as security for State deposits insured certificates of deposit or share certificates issued to the depository institution pledging them as security and may require security in the amount of 125% of the value of the State deposit
15 ILCS 520/12— All assets or securities deposited by financial institutions under the provisions of this Act shall remain the property of the financial institutions depositing such securities
15 ILCS 520/13— (Repealed)
15 ILCS 520/14— Interest
15 ILCS 520/15
15 ILCS 520/16— (Repealed)
15 ILCS 520/16.1— Depository reports
15 ILCS 520/16.3— Consideration of financial institution's commitment to its community
15 ILCS 520/17— The State Treasurer shall keep in his or her office a record showing his or her account with each financial institution, with entries therein showing the dates and amounts of each deposit, rate of interest, withdrawals and date of each, and balance on deposit
15 ILCS 520/18— The State Treasurer shall make a monthly report giving a detailed statement of the balances on deposit in the financial institutions, and the amount paid by each such financial institution as interest on moneys so deposited
15 ILCS 520/19
15 ILCS 520/20
15 ILCS 520/21— The making of a personal profit or emolument by the State Treasurer out of any public moneys by loaning, depositing, or otherwise using or disposing of the same in any manner whatsoever, shall be deemed a Class 3 felony
15 ILCS 520/22— No securities deposited with the State Treasurer shall be removed from the State Treasury except under the terms of this Act
15 ILCS 520/22.5— Permitted investments
15 ILCS 520/22.6— (Repealed)
15 ILCS 520/22.7— Russian or Belarusian investments prohibited
15 ILCS 520/22.8— The State Treasurer shall develop, publish, and implement an investment policy covering the management of all State funds under his or her control
15 ILCS 520/22.9— (Repealed)
15 ILCS 520/23— Any State official or other person who willfully violates any provision of this Act, for which a penalty is not otherwise prescribed, or who willfully neglects or refuses to perform any duty imposed upon such person by the terms of this Act, shall be guilty of a Class 4 felony