(105 ILCS 5/34A-202)
(from Ch. 122, par. 34A-202)
Deposits and Investments.
(a) The Authority shall have the power to establish checking and whatever
other banking or savings and loan association accounts it may deem appropriate
for conducting its affairs.
(b) Subject to the provisions of any contract with or for the benefit of
the holders of its Obligations, the Authority may invest any funds not required
for immediate use or disbursement, whether pursuant to Section 34A-201 of
this Article or otherwise, only in Investment Obligations.
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 "An Act relating to certain investments
of public funds by public agencies", approved July 23, 1943, as now or hereafter
(Source: P.A. 83-541.)