Illinois General Assembly - Illinois Compiled Statutes

Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

55 ILCS 5/3-11003

(55 ILCS 5/3-11003) (from Ch. 34, par. 3-11003)

Sec. 3-11003. Classification of funds.

For the purpose of
establishing a control over the withdrawal, in accordance with the
provisions of this Division, of all county moneys deposited in any bank, 
savings and loan association, savings bank, or credit union, as hereinafter required, such moneys are
hereby classified as follows:

Class A. All taxes and special assessments received by the county
treasurer in his capacity as ex officio county collector or ex officio town
collector, and held by him pending distribution to the several governments
or authorities entitled to receive the same, shall be known as "Class A"
funds.

Class B. All other moneys belonging to the State of Illinois or to any
political or corporate subdivision thereof, except the county, shall be
known as "Class B" funds.

Class C. All moneys belonging to the county in its corporate capacity
shall be known as "Class C" funds.

Class D. All other county moneys as defined in Section 3-11001 shall
be known as "Class D" funds.

(Source: P.A. 97-129, eff. 7-14-11.)