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HB2317 Engrossed |
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LRB094 03304 RCE 33305 b |
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| AN ACT concerning finance.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 5. The Department of Natural Resources |
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| (Conservation) Law of the
Civil Administrative Code of Illinois |
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| is amended by changing Section 805-410 as follows:
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| (20 ILCS 805/805-410) (was 20 ILCS 805/63a32)
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| Sec. 805-410. Local bank accounts.
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| (a) The Department has the power to
establish local bank or |
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| savings and loan
association
accounts, upon the written |
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| authorization of the Director, to temporarily
hold income |
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| received at any of its properties. Local accounts
established
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| pursuant to this Section shall be in the name of the Department |
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| and shall be
subject to regular audits. The
balance in a local |
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| bank or savings and loan association account shall be
forwarded |
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| to the Department for
deposit with the State Treasurer on |
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| Monday of each week if the amount to be
deposited in a fund |
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| exceeds $500.
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| (b) No bank or savings and loan association shall receive |
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| public funds as
permitted by this Section unless it has |
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| complied with the requirements
established pursuant to Section |
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| 6 of the Public Funds Investment Act.
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| (c) Subsection (a) of this Section does not apply to a |
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| local bank account established under this Section for the World |
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| Shooting and Recreational Complex that is used to hold income |
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| received before and during a competitive shooting event, to pay |
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| out cash prizes for the same event for which the income was |
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| received, or to purchase prizes for that event. The local bank |
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| account shall be in the name of the Department and shall be |
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| subjected to regular audits.
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| (Source: P.A. 91-239, eff. 1-1-00.)
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