(This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165)
80 words·~1 min read·
/il/chapter-105/act-5/105-23A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165)
Sec. 1E-50. Deposits and investments.
(a)The Authority shall have the power to establish checking and whatever other banking accounts it may deem appropriate for conducting its affairs.
(b)Subject to the provisions of any contract with or for the benefit of the holders of its obligations, the Authority may invest any funds not required for immediate use or disbursement, as provided in the Public Funds Investment Act.