(105 ILCS 5/34A-409)
(from Ch. 122, par. 34A-409)
Cash accounts and bank accounts.
(a) The Authority 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 rules, standards and procedures
as the Authority may prescribe.
(b) The Authority 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 Board.
(Source: P.A. 81-1221.)