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Code · Illinois · Chapter 110 — HIGHER EDUCATION · Act 991

Sec. 15. Establishment of Student Investment Account.

73 words·~1 min read·/il/chapter-110/act-991/15

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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.
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