(70 ILCS 200/2-106)
Funds; compliance with Public Funds Investment Act.
deposited by the treasurer in any bank or savings
and loan association
shall be placed in the
name of the Authority and shall be withdrawn or paid out only by check or
draft upon the bank or savings and loan association, signed by the treasurer
and countersigned by the
chairman of the Board. The Board may designate any of its members or any
officer or employee of the Authority to affix the signature of the chairman
and another to affix the signature of the treasurer to any check or draft
for payment of salaries or wages and for payment of any other obligation of
not more than $2,500.
No bank or savings and loan association shall receive public funds as
permitted by this Section, unless it has complied with the requirements
established pursuant to Section 6 of the Public Funds Investment Act.
(Source: P.A. 90-328, eff. 1-1-98.)