Illinois Compiled Statutes 30 ILCS 225 — Public Funds Deposit Act.

Short title

Short title. This Act may be cited as the Public Funds Deposit Act. (Source: P.A. 86-1324.)

Deposits

Deposits. Any treasurer or other custodian of public funds may deposit such funds in a savings and loan association, savings bank, or State or national bank in this State, or deposit those funds into demand deposit accounts in accordance with Section 6.5 of the Public Funds Investment Act. When such deposits become col…

Nothing in this Act shall be construed to preclude the deposit of public funds in accordance with any other Act applicable thereto or to subject any treasurer or other custodian to any liability to which he would not be subject in the absence of this Act. This Act does not apply to the Illinois State Treasurer. Deposit…