§ 30 ILCS 235/0.01 Short title
§ 30 ILCS 235/1 The words “public funds”, as used in this Act, mean current operating …
§ 30 ILCS 235/2 Authorized investments
§ 30 ILCS 235/2.3 Russian or Belarusian investments prohibited
§ 30 ILCS 235/2.5 Investment policy
§ 30 ILCS 235/2.10 Unit of local government; deposit at reduced rate of interest
§ 30 ILCS 235/3 If any securities, purchased under authority of Section 2 hereof, are …
§ 30 ILCS 235/4 All securities purchased under the authority of this Act shall be …
§ 30 ILCS 235/5 This Act, without reference to any other statute, shall be deemed …
§ 30 ILCS 235/6 Report of financial institutions
§ 30 ILCS 235/6.5 Federally insured deposits at Illinois financial institutions
§ 30 ILCS 235/7 When investing or depositing public funds, each custodian shall, to …
§ 30 ILCS 235/8 Consideration of financial institution’s commitment to its community
§ 30 ILCS 235/9 Municipal and county investment in not-for-profit community development financial institutions

Terms Used In Illinois Compiled Statutes > 30 ILCS 235 - Public Funds Investment Act

  • Community Reinvestment Act: The Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977. Source: OCC
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
  • Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
  • Fraud: Intentional deception resulting in injury to another.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • National Credit Union Administration: The federal regulatory agency that charters and supervises federal credit unions. (NCUA also administers the National Credit Union Share Insurance Fund, which insures the deposits of federal credit unions.) Source: OCC
  • sworn: shall be construed to include the word "affirmed. See Illinois Compiled Statutes 5 ILCS 70/1.12
  • United States: may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14