Illinois General Assembly - Illinois Compiled Statutes

Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

240 ILCS 40/30-15

(240 ILCS 40/30-15)

Sec. 30-15. Investments of the Fund.

(a) All assessments by the Department under Section
5-30 shall be held by the Corporation in the Fund.

(b) Subject to applicable law, the assets of the Fund may be
invested and reinvested at the discretion of the Corporation, and
the income from these investments shall be deposited to the credit
of the Fund and shall be available for the same purposes as all
other assets of the Fund.

(c) Except as provided in Section 20-20(e), the assets of the Fund shall not be available for any
purpose other than the payment of valid claims under this
Code and the payment of refunds of amounts that the Board
determines have been inappropriately paid into the Fund, and may
not be transferred to any other fund, other than the Trust Account
when necessary to pay valid claims under this Code or to pay
refunds authorized by the Board.

(Source: P.A. 94-54, eff. 1-1-06.)