(30 ILCS 235/2.10)
Sec. 2.10.
Unit of local government; deposit at reduced rate of interest.
The treasurer of a unit of
local
government may, in his or her discretion, deposit public moneys of that unit of
local
government in a financial institution pursuant to an agreement that provides
for a reduced
rate of interest, provided that the institution agrees to expend an amount of
money equal
to the amount of the reduction for senior centers.
(Source: P.A. 93-246, eff. 7-22-03.)
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