Sec. 2.10. Unit of local government; deposit at reduced rate of interest.
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/il/chapter-30/act-235/2-10A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 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.