Illinois General Assembly - Illinois Compiled Statutes

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30 ILCS 235/1

(30 ILCS 235/1) (from Ch. 85, par. 901)

Sec. 1.

The words "public funds", as used in this Act, mean current
operating funds, special funds, interest and sinking funds, and funds of
any kind or character belonging to or in the custody of any public agency.

The words "public agency", as used in this Act, mean the State of
Illinois, the various counties, townships, cities, towns, villages, school
districts, educational service regions, special road districts, public
water supply districts, fire protection districts, drainage districts, levee
districts, sewer districts, housing authorities, the Illinois Bank Examiners'
Education Foundation, the Chicago Park District, and all other political
corporations or subdivisions of the State of Illinois, now or hereafter
created, whether herein specifically mentioned or not.
This Act does not apply to the Illinois Prepaid Tuition Trust Fund,
private funds collected by the Illinois Conservation Foundation, or
pension
funds or retirement systems established
under the Illinois Pension Code, except as otherwise provided in that Code. This Act does not apply to the Illinois State Treasurer, whose investment of State funds shall be governed by the Deposit of State Moneys Act.

The words "governmental unit", as used in this Act, have the same meaning as in the Local Government Debt Reform Act.
(Source: P.A. 102-297, eff. 8-6-21.)