Chapter 15 — EXECUTIVE OFFICERS

(15 ILCS 516/30-30) Sec. 30-30. Use of the Loan Guarantee Account. (a) Moneys in a Loan Guarantee Account may be paid to a participating financial institution to cover losses on guaranteed loans up to the full amount in the Account or the amount of loss, whichever is lesser. The …

(15 ILCS 516/30-35) Sec. 30-35. Limitations on funding. The State Treasurer may allocate up to $10,000,000 of investment earnings each year for the Loan Guarantee Program, provided that no more than $50,000,000 may be used for guaranteeing loans at any given time. The State Treas…

(15 ILCS 516/30-36) Sec. 30-36. Loan Guarantee Administrative Trust Fund. The Loan Guarantee Administrative Trust Fund is created as a nonappropriated trust fund within the State treasury. Moneys in the Fund may be used by the State Treasurer to guarantee loans and to cover admin…

(15 ILCS 516/30-40) Sec. 30-40. Rules. The State Treasurer shall adopt rules that are necessary and proper to implement and administer this Act including, but not limited to, fees and eligibility. (Source: P.A. 101-657, eff. 3-23-21.)

(15 ILCS 516/30-5) Sec. 30-5. Policy. The General Assembly finds that it is vital for the State to invest in community economic development, particularly in communities which have been historically excluded from investment opportunities due to redlining, discriminatory banking pr…

(15 ILCS 516/99-99) Sec. 99-99. Effective date. This Act takes effect upon becoming law, except that Articles 1 and 40 take effect January 1, 2022. (Source: P.A. 101-657, eff. 3-23-21.)

(15 ILCS 520/0.01) (from Ch. 130, par. 19m) Sec. 0.01. Short title. This Act may be cited as the Deposit of State Moneys Act. (Source: P.A. 86-1324.)

(15 ILCS 520/1) (from Ch. 130, par. 20) Sec. 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 th…

(15 ILCS 520/1.1) (from Ch. 130, par. 20.1) Sec. 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 …

(15 ILCS 520/1.2) Sec. 1.2. (Repealed). (Source: P.A. 88-93. Repealed by P.A. 102-297, eff. 8-6-21.)

(15 ILCS 520/10) (from Ch. 130, par. 29) Sec. 10. The State Treasurer may enter into an agreement in conformity with this Act with any financial institution relating to the deposit of securities. Such agreement may authorize the holding by such financial institution of such secur…

(15 ILCS 520/11) (from Ch. 130, par. 30) Sec. 11. Protection of public deposits; eligible collateral. (a) For deposits not insured by an agency of the federal government, or above the applicable insured limits, the State Treasurer, in his or her discretion, may accept as collater…

(15 ILCS 520/11.1) (from Ch. 130, par. 30.1) Sec. 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 se…

(15 ILCS 520/12) (from Ch. 130, par. 31) Sec. 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. Should the depository refuse or fail to pay over the…

(15 ILCS 520/13) Sec. 13. (Repealed). (Source: P.A. 83-541. Repealed by P.A. 102-297, eff. 8-6-21.)

(15 ILCS 520/14) (from Ch. 130, par. 33) Sec. 14. Interest. The State Treasurer shall enter into deposit agreements with financial institutions specifying the manner of interest calculation and compounding and the frequency of interest collection regarding moneys deposited under …

(15 ILCS 520/15) (from Ch. 130, par. 34) Sec. 15. (a) A financial institution approved as a State depository shall cease to be an approved depository financial institution, and shall be disqualified by the State Treasurer: (1) Upon its failure to post a suitable bond or deposit a…

(15 ILCS 520/16) Sec. 16. (Repealed). (Source: P.A. 102-558, eff. 8-20-21. Repealed by P.A. 102-297, eff. 8-6-21.)

(15 ILCS 520/16.1) (from Ch. 130, par. 35.1) Sec. 16.1. Depository reports. The State Treasurer may request, at his discretion, a financial institution, as a condition to serving as a State depository of public funds, to submit to the State Treasurer a copy of the consolidated re…

(15 ILCS 520/16.3) Sec. 16.3. Consideration of financial institution's commitment to its community. (a) In addition to any other requirements of this Act, the State Treasurer shall consider the financial institution's record and current level of financial commitment to its local …

(15 ILCS 520/17) (from Ch. 130, par. 36) Sec. 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…

(15 ILCS 520/18) (from Ch. 130, par. 37) Sec. 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. Such …

(15 ILCS 520/19) (from Ch. 130, par. 38) Sec. 19. Nothing in this Act contained shall be held to prevent the State Treasurer from withdrawing any, or all, of the moneys so deposited, for the purpose of paying the appropriations and obligations of the State, nor to prevent his or …

(15 ILCS 520/2) (from Ch. 130, par. 21) Sec. 2. All financial institutions in which any such money is deposited shall be required to pay interest. All interest received or paid on account of money in the State Treasury belonging to or for the use of the State so deposited in fina…

(15 ILCS 520/20) (from Ch. 130, par. 39) Sec. 20. No financial institution holding moneys deposited therewith by the State Treasurer, in accordance with the provisions of this Act, or otherwise, and no officer of any such financial institution, or other person, shall pay to, with…

(15 ILCS 520/21) (from Ch. 130, par. 40) Sec. 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. (Source: …

(15 ILCS 520/22) (from Ch. 130, par. 41) Sec. 22. No securities deposited with the State Treasurer shall be removed from the State Treasury except under the terms of this Act. The misappropriation or use of such securities, otherwise than as prescribed in this Act, shall be deeme…

(15 ILCS 520/22.5) (from Ch. 130, par. 41a) (For force and effect of certain provisions, see Section 90 of P.A. 94-79) Sec. 22.5. Permitted investments. The State Treasurer may invest and reinvest any State money in the State Treasury which is not needed for current expenditures …

(15 ILCS 520/22.6) Sec. 22.6. (Repealed). (Source: P.A. 94-79, eff. 1-27-06. Repealed by P.A. 95-521, eff. 8-28-07.)

(15 ILCS 520/22.7) Sec. 22.7. Russian or Belarusian investments prohibited. Notwithstanding any provision of law to the contrary, the State Treasurer shall not invest State money in Russian or Belarusian sovereign debt, Russian or Belarusian government-backed securities, any inve…

(15 ILCS 520/22.8) Sec. 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. The investment policy shall be published each year in the State Treasurers' annual report as prescribe…

(15 ILCS 520/22.9) Sec. 22.9. (Repealed). (Source: P.A. 96-1181, eff. 7-22-10. Repealed internally, eff. 12-31-11.)

(15 ILCS 520/23) (from Ch. 130, par. 42) Sec. 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 o…

(15 ILCS 520/3) Sec. 3. (Repealed). (Source: P.A. 89-508, eff. 7-3-96. Repealed by P.A. 102-297, eff. 8-6-21.)

(15 ILCS 520/4) Sec. 4. (Repealed). (Source: P.A. 83-541. Repealed by P.A. 102-297, eff. 8-6-21.)

(15 ILCS 520/5) Sec. 5. (Repealed). (Source: P.A. 83-541. Repealed by P.A. 102-297, eff. 8-6-21.)

(15 ILCS 520/6) Sec. 6. (Repealed). (Source: P.A. 89-508, eff. 7-3-96. Repealed by P.A. 102-297, eff. 8-6-21.)

(15 ILCS 520/7) (from Ch. 130, par. 26) Sec. 7. (a) State depositories. The State Treasurer may, in his or her discretion, allow a financial institution to become a State depository. To become an approved State depository, a financial institution shall submit an application or pr…

(15 ILCS 520/8) (from Ch. 130, par. 27) Sec. 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. The State Treasurer s…

(15 ILCS 520/9) (from Ch. 130, par. 28) Sec. 9. The approval of any proposal or application shall confer no right upon any financial institution to receive deposits of public money. (Source: P.A. 102-297, eff. 8-6-21.)

(15 ILCS 525/0.01) (from Ch. 130, par. 50) Sec. 0.01. Short title. This Act may be cited as the Securities Safekeeping Act. (Source: P.A. 86-1324.)

(15 ILCS 525/1) (from Ch. 130, par. 51) Sec. 1. Whenever the State Treasurer has the duty to safeguard any securities or evidences of indebtedness deposited with or held by him, he may provide for the custody and safekeeping of these securities or evidences of indebtedness in the…

(15 ILCS 530/0.01) (from Ch. 130, par. 19c9) Sec. 0.01. Short title. This Act may be cited as the Destruction of Indebtedness Certificates Act. (Source: P.A. 86-1324.)

(15 ILCS 530/1) (from Ch. 130, par. 19d) Sec. 1. The State Treasurer is authorized to provide for the shredding, cremation, or sale of all bonds, tax anticipation notes, revenue notes and other evidences of indebtedness heretofore or hereafter issued, including interest coupons r…

(15 ILCS 535/0.01) (from Ch. 130, par. 42.9) Sec. 0.01. Short title. This Act may be cited as the Mutilated Evidence of Indebtedness Act. (Source: P.A. 86-1324.)

(15 ILCS 535/1) (from Ch. 130, par. 43) Sec. 1. The State Treasurer may, within the amount of any appropriation for such purpose, purchase, either before or after maturity, any bond, note or other evidence of indebtedness of the State of Illinois which has been mutilated in any m…

(15 ILCS 540/0.01) (from Ch. 130, par. 17.9) Sec. 0.01. Short title. This Act may be cited as the Disabled Militarymen Money Act. (Source: P.A. 86-1324.)

(15 ILCS 540/1) (from Ch. 130, par. 18) Sec. 1. That the Treasurer of the State of Illinois be, and is hereby authorized to receive from the United States all money which may be now coming, or which shall hereafter accrue to the said state under and by virtue of the provisions of…

(15 ILCS 540/2) (from Ch. 130, par. 19) Sec. 2. The money so received from the United States shall be held and accounted for by the said Treasurer as is other money in his hand belonging to the State of Illinois. (Source: Laws 1889, p. 347.)

(15 ILCS 555/1) Sec. 1. Short title. This Act may be cited as the Commemorative Medallions Act. (Source: P.A. 91-71, eff. 7-9-99.)