30 ILCS 235/2.10

Current through Public Act 103-1056
Section 30 ILCS 235/2.10 - Unit of local government; deposit at reduced rate of interest

The treasurer of a unit of local government may, in his or her discretion, deposit public moneys of that unit of local government in a financial institution pursuant to an agreement that provides for a reduced rate of interest, provided that the institution agrees to expend an amount of money equal to the amount of the reduction for senior centers.

30 ILCS 235/2.10

Added by P.A. 093-0246, § 92, eff. 7/22/2003.