Illinois General Assembly - Full Text of HB2317
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Full Text of HB2317  94th General Assembly



HB2317 Engrossed LRB094 03304 RCE 33305 b

1     AN ACT concerning finance.
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4     Section 5. The Department of Natural Resources
5 (Conservation) Law of the Civil Administrative Code of Illinois
6 is amended by changing Section 805-410 as follows:
7     (20 ILCS 805/805-410)  (was 20 ILCS 805/63a32)
8     Sec. 805-410. Local bank accounts.
9     (a) The Department has the power to establish local bank or
10 savings and loan association accounts, upon the written
11 authorization of the Director, to temporarily hold income
12 received at any of its properties. Local accounts established
13 pursuant to this Section shall be in the name of the Department
14 and shall be subject to regular audits. The balance in a local
15 bank or savings and loan association account shall be forwarded
16 to the Department for deposit with the State Treasurer on
17 Monday of each week if the amount to be deposited in a fund
18 exceeds $500.
19     (b) No bank or savings and loan association shall receive
20 public funds as permitted by this Section unless it has
21 complied with the requirements established pursuant to Section
22 6 of the Public Funds Investment Act.
23     (c) Subsection (a) of this Section does not apply to a
24 local bank account established under this Section for the World
25 Shooting and Recreational Complex that is used to hold income
26 received before and during a competitive shooting event, to pay
27 out cash prizes for the same event for which the income was
28 received, or to purchase prizes for that event. The local bank
29 account shall be in the name of the Department and shall be
30 subjected to regular audits.
31 (Source: P.A. 91-239, eff. 1-1-00.)