TITLE 74: PUBLIC FINANCE
CHAPTER V: TREASURER PART 740 ILLINOIS PUBLIC TREASURERS' INVESTMENT POOL FOR PUBLIC TREASURERS IN THE STATE OF ILLINOIS SECTION 740.340 ALLOCATION OF INVESTMENT EARNINGS OR LOSSES
Section 740.340 Allocation of Investment Earnings or Losses
Interest income will be computed daily, credited or paid monthly, and reinvested in the participant's account or distributed to the participant in a manner that equitably reflects the differing amounts of their respective investments in the pool and the differing periods of time for which those amounts were in the custody of the pool. |