When investing or depositing State funds, the State Treasurer and local governments may give preference to depository institutions that have an approved banking development district application.
205 ILCS 745/25
Deposits of public funds
Known as the Banking Development District Act
The act spans §§ 205-745-1 to 205-745-99 (9 sections).
P.A. 102-802, eff. 1-1-23.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.