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.

605 ILCS 10/24

(605 ILCS 10/24) (from Ch. 121, par. 100-24)

Sec. 24.

Except as otherwise provided in any bond resolution, the
proceeds derived from the sale of bonds, and
all
receipts and income derived from tolls, licenses, gifts, donations,
concessions, fees, rentals, and all other revenues from whatever source
derived, shall, within three days after receipt thereof, be paid to the
Treasurer of the State of Illinois, and held by him as a special fund known
as the Illinois State Toll Highway Authority Fund,
except that the Authority may retain  portions of the Illinois State Toll
Highway Authority Fund as a locally maintained construction fund revolving
account and as a revenue fund revolving account, where authorized by a bond
resolution, and as locally maintained change funds, where necessary for
the operations of the Authority.
The State Treasurer
shall be ex officio custodian of such special fund, which fund shall be
held, invested and disbursed for the purposes provided herein upon the
order of the Authority and in accordance
with provisions and covenants of any
bond resolution authorizing the issuance of bonds which have not been paid
or deemed paid.  The interest accruing on
said special fund shall be computed and added to the principal thereof
every six months. In addition to the special audits prescribed by this Act,
the said fund shall also be subject to audit in the same manner as is now,
or may hereinafter be, provided for the audit of State funds and accounts.
The said special fund shall be protected by a corporate surety bond,
executed by the Treasurer, with a surety authorized to do business under
the laws of the State of Illinois. The amount of said bond shall be fixed
by resolution of the Authority, approved by the Governor, and may be
increased or diminished at any time. The premiums on said bond shall be
payable from the funds of the Authority. The bond shall be subject to the
approval of the Governor and Attorney General of the State of Illinois,
and, when so approved, shall be filed in the office of the Secretary of
State. Said special fund shall be considered always appropriated for the
purposes of disbursements, as provided in this Act, and shall be paid out
and disbursed only as provided herein, and shall not, at any time be
appropriated or diverted to any other use or purpose.

(Source: P.A. 83-1258.)