Illinois General Assembly - Illinois Compiled Statutes

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20 ILCS 1010/2

(20 ILCS 1010/2) (from Ch. 48, par. 172b)

Sec. 2.

The State Treasurer shall be ex-officio custodian of all
moneys apportioned to this State under the provisions of the said
Federal Act. Such moneys shall be expended by the Department of
Employment Security for the purpose of establishing and maintaining public
employment offices in accordance with the provisions of the aforesaid
Federal Act, and may be paid out by the State Treasurer upon the order of
the Department of Labor.

The State Treasurer shall deposit such moneys in banks which have
been approved as State depositaries under the provisions of "An Act in
relation to State moneys," approved June 28, 1919, as amended, and for
the safe keeping of such moneys shall take securities as provided in said Act.

(Source: P.A. 83-1503.)