(50 ILCS 415/3) (from Ch. 85, par. 4403)
Sec. 3.
Nothing in this Act shall be construed to permit any invested
or reinvested moneys or cash equivalents or any income or profit derived
therefrom to be transmitted out of any escrow established pursuant to Section
2 of this Act until such time as there are sufficient moneys or cash
equivalents invested or reinvested in such escrow, independent of future
interest income or profit to be derived therefrom, to pay all remaining
principal and interest until maturity of the debt which is the subject of
that escrow, nor to permit any invested or reinvested moneys or cash
equivalents or any income or profit derived therefrom to be transmitted out
of such escrow if such action would reduce the amount of such escrow below
the amount needed for payment of all remaining principal and interest until
maturity of the debt which is the subject of that escrow.
(Source: P.A. 83-1536.)
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