Establishment of Student Investment Account

110 ILCS 991/15, under Student Investment Account Act.

110 ILCS 991/15

(110 ILCS 991/15)

    Sec. 15. Establishment of Student Investment Account. The State Treasurer may allocate up to 5% of the Treasurer's State Investment Portfolio to the Student Investment Account. The 5% cap shall be calculated based on: (1) the balance of the Treasurer's State Investment Portfolio at the inception of the State's fiscal year; or (2) the average balance of the Treasurer's State Investment Portfolio in the immediately preceding 5 fiscal years, whichever number is greater.

(Source: P.A. 101-586, eff. 8-26-19.)