Illinois General Assembly - Illinois Compiled Statutes

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65 ILCS 5/8-10-17

(65 ILCS 5/8-10-17) (from Ch. 24, par. 8-10-17)

Sec. 8-10-17.

The corporate authorities of any such municipality may
establish a revolving fund in such amount as may be necessary to enable the
purchasing agent to purchase items of common usage in advance of immediate
need, the revolving fund to be reimbursed from the annual appropriation of
the requisitioning agencies. Neither the purchasing agent, nor any officer
or employee of his office, nor any member of the board of standardization
hereinafter provided for, shall be financially interested, directly or
indirectly, in any purchase order or contract coming under the purview of
his official duties. The above named officials and employees are expressly
prohibited from accepting, directly or indirectly, from any person,
company, firm, or corporation to which any purchase order or contract may be
awarded, any rebate, gift, money, or anything of value whatsoever. Any
officer or employee, as above defined, convicted of violating this Section 
shall be guilty of a business offense and shall be fined not to exceed
$10,000 and shall forfeit the right to his public office, trust, or
employment and shall be removed therefrom.

(Source: P.A. 103-154, eff. 6-30-23.)