(30 ILCS 405/5) (from Ch. 127, par. 455)
Sec. 5.
The State Treasurer may, with the approval of the Governor, invest and
reinvest, at the existing market price and in any event not to exceed 102%
of par plus accrued interest, any money in the Anti-Pollution Fund in the
State treasury which, in the opinion of the Governor communicated in
writing to the State Treasurer, is not needed for current expenditures due
or about to become due from such fund, in direct and general obligations of
the United States Government. The cost price of all such obligations shall
be considered as cash in the custody of the State Treasurer, and such
obligations shall be conveyed at cost price as cash by the State Treasurer
to his successor. The money in the Anti-Pollution Fund in the form of such
obligations shall be set up by the State Treasurer as a separate account of
such fund and shown distinctly in every report issued by him regarding fund
balances.
All earnings accruing upon any such investment shall be paid into the
Anti-Pollution Bond Retirement and Interest Fund. All of the moneys
received from the sale or redemption of such investments shall be replaced
in the Anti-Pollution Fund.
(Source: P.A. 76-2460.)
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