Illinois Compiled Statutes 15 ILCS 520 Deposit of State Moneys Act. Section 20

    (15 ILCS 520/20) (from Ch. 130, par. 39)

    Sec. 20. No bank or savings and loan association holding moneys deposited therewith by the State Treasurer, in accordance with the provisions of this Act, or otherwise, and no officer of any such bank or savings and loan association, or other person, shall pay to, withhold for the benefit of, or contract in any manner for the payment to such State Treasurer, or to any other person for him, of any interest, or other fee, perquisite, or emolument, on account of the deposit of such moneys, except such interest as shall be paid to such State Treasurer for the benefit of the State.

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

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Last modified: February 18, 2015