Illinois General Assembly - Illinois Compiled Statutes

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50 ILCS 310/4.5

(50 ILCS 310/4.5)

Sec. 4.5.

Comptroller's Audit Expense Revolving Fund.

There is created
the Comptroller's Audit Expense Revolving Fund as a special fund to be held by
the State Treasurer, ex officio, as custodian, but separate and apart from the
funds in the State
treasury.  The following moneys shall be deposited into that Fund:

(1) All moneys received by the Comptroller for

reimbursement of the Comptroller's cost of performing audits and preparing or completing reports under Section 4 of this Act, Section 6-31004 of the Counties Code, or Section 8-8-4 of the Illinois Municipal Code.

(2) All moneys appropriated to that Fund by the

General Assembly.

Expenditures from the Fund shall be made on vouchers signed
by the Comptroller, for the sole purpose of paying the Comptroller's cost
of performing audits and preparing or completing reports under Section 4 of
this Act, Section 6-31004 of the Counties Code, or Section 8-8-4 of the
Illinois Municipal Code.

The State Treasurer shall invest moneys in the Fund in the same manner and
subject to the same restrictions as moneys in the State treasury.

(Source: P.A. 88-280.)