Illinois Compiled Statutes 15 ILCS 520 Deposit of State Moneys Act. Section 19

    (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 transferring moneys from one bank or savings and loan association to another, and nothing herein contained shall in any way affect the duty of the State Treasurer to keep a correct and accurate account of all moneys received and to pay out same only on authority of law; but the State Treasurer shall, as heretofore, be personally responsible for the faithful accounting of all moneys paid to him as State Treasurer.

(Source: P.A. 83-541.)

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Last modified: February 18, 2015