(105 ILCS 5/1B-16)
(from Ch. 122, par. 1B-16)
Cash accounts and bank accounts.
Panel shall require the board or any officer of the board,
including the board's treasurer or any person acting as the
board's official or ex officio treasurer, to establish and
maintain separate cash accounts and separate bank accounts
in accordance with such standards and procedures as the
Panel may prescribe.
(b) The Panel shall have the power to assume exclusive
administration of the cash accounts and bank accounts of the
board, to establish and maintain whatever new cash accounts
and bank accounts it may deem appropriate, and to withdraw
funds from such accounts for the lawful expenditures of the
(Source: P.A. 86-954.)