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Illinois Compiled Statutes
Information maintained by the Legislative Reference Bureau 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.
COUNTIES (55 ILCS 5/) Counties Code. 55 ILCS 5/3-11007
(55 ILCS 5/3-11007) (from Ch. 34, par. 3-11007)
Sec. 3-11007. Monthly report of investments and deposits. On the twenty-eighth day of each month the county treasurer shall
publish a report disclosing the investments and deposits of county moneys
as of the first day of that month. The report shall list, under the name of
each bank, savings and loan association, savings bank, or credit union in which the county treasurer
maintains an account or investment, each separate account or investment
maintained in that institution, the amount of each such account or
investment, the rate of interest of each such account or investment, and
the term of maturity of each such account or investment. The report shall
also disclose the total cost and average rate of interest of all other
investments of county moneys. A copy of the report shall be transmitted to
each member of the county board, and the report shall be a public record.
(Source: P.A. 97-129, eff. 7-14-11.)
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55 ILCS 5/3-11008
(55 ILCS 5/3-11008) (from Ch. 34, par. 3-11008)
Sec. 3-11008.
Withdrawals.
When county moneys have been deposited
in any such depository they shall be withdrawn therefrom only in the
following manner: Funds designated in Section 3-11003 as "Class A" funds
and as "Class B" funds shall be withdrawn only upon checks or drafts signed
by the County Treasurer and payable to the order of the State Treasurer or
the other proper authorities or persons entitled by law to receive the
same; funds designated in said Section 3-11003 as "Class C" funds shall be
withdrawn only upon checks or drafts signed by the county treasurer and
supported by warrants signed by the County Clerk and countersigned by the
president or chairman of the county board; funds designated in said Section
3-11003 as "Class D" funds shall be withdrawn only upon checks or drafts
signed by the County Treasurer and payable to persons entitled to receive
the same; Provided, however, that subject to the limitations hereinafter
set forth in Section 3-11011, the County Treasurer shall have the power to
withdraw such county moneys from any depository in the cases provided for
and under the circumstances stated in Sections 3-11009 and 3-11010, and,
provided further, that the provisions of this Division regarding the proper
payees of checks or drafts shall not be construed to obligate any
depository to investigate or determine the right of any payee to receive
payment or any check or draft of the County Treasurer.
(Source: P.A. 86-962.)
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55 ILCS 5/3-11009
(55 ILCS 5/3-11009) (from Ch. 34, par. 3-11009)
Sec. 3-11009. Petty cash fund. For the purpose of enabling the county
treasurer to pay in cash such warrants and other demands as may be
presented to him for payment in cash, he is hereby authorized to withhold
from the daily deposit of funds required of him under Section 3-11004, or
to withdraw from the one or more banks, savings and loan associations, savings banks, or credit unions
holding such county moneys on deposit, upon check or draft payable
to his own order as county treasurer, such amounts as will enable him to
maintain a petty cash fund sufficient to meet the daily demand for the
purpose herein indicated: Provided, however, that the amount of said petty
cash fund shall at no time exceed the sum of $5,000 in counties having
fewer than 1,000,000 inhabitants or the sum of $200,000 in counties having
1,000,000 or more inhabitants. The county treasurer shall keep proper
records of such petty cash fund, showing the amounts so withheld or
withdrawn by him daily and the amounts paid out by him in cash from day to
day. Such records shall be open to the inspection of all persons wishing to
examine the same.
(Source: P.A. 97-129, eff. 7-14-11.)
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55 ILCS 5/3-11010
(55 ILCS 5/3-11010) (from Ch. 34, par. 3-11010)
Sec. 3-11010. Equalization and transfer of deposits. For the
purpose of facilitating the equalization or apportionment of the amount of
the balances on deposit with the several depositories and the speedy
transfer of money from one depository to another in case of
necessity, the county treasurer is hereby authorized to draw checks or
drafts against any deposit made by him under the terms of this Division.
Each draft or check so drawn shall be payable to the order of the
county treasurer, and shall indicate upon its face that it is drawn only
for deposit in a bank, savings and loan association, savings bank, or credit union authorized under the
provisions of this Division to receive county moneys.
(Source: P.A. 97-129, eff. 7-14-11.)
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55 ILCS 5/3-11011
(55 ILCS 5/3-11011) (from Ch. 34, par. 3-11011)
Sec. 3-11011. Designation of active depository. Of the banks, savings and loan associations, savings banks, or credit unions which may have been so designated as
depositories, one shall be designated from time to time by the county
treasurer as the active bank, depository, savings and loan association, savings bank, or credit union
for a period of not more than one month at a time. The county board shall
have power, if it sees fit, to require that no bank, savings and loan
association, savings bank, or credit union whose aggregate capital stock and surplus is less than a
certain specified amount shall be named as the active bank, savings and
loan association, savings bank, or credit union. During such period the county treasurer shall draw all of
his checks to pay warrants and other demands drawn upon him upon such
active bank, savings and loan association, savings bank, or credit union: Provided, however, that the
county treasurer shall have power to withdraw county moneys from any
depository for the purposes stated in Section 3-11010: And, provided,
further, that during such period drafts and checks against deposit of funds
designated by Section 3-11003 hereof as "Class A" funds and "Class B" funds
may be drawn upon other than the active bank, savings and loan association, savings bank, or credit union.
(Source: P.A. 97-129, eff. 7-14-11.)
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55 ILCS 5/3-11012
(55 ILCS 5/3-11012) (from Ch. 34, par. 3-11012)
Sec. 3-11012.
Record of deposits.
The county treasurer shall keep in
his office a record showing the date and aggregate amount received by him
daily on account of each class of funds designated in Section 3-11003, and
also his accounts with each depository, which accounts shall show daily the
date and amount of each deposit, the date and amount of each withdrawal,
and the balance on deposit. Each such account shall also show the date and
amount of each interest payment received by or credited to the county
treasurer and the rate of interest at which such payment was computed. Said
record and all contracts with depositories shall be open to the inspection
of all persons wishing to examine the same.
(Source: P.A. 86-962.)
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55 ILCS 5/3-11013
(55 ILCS 5/3-11013) (from Ch. 34, par. 3-11013)
Sec. 3-11013. Annual report of interest received. The county
treasurer shall make to the county clerk an annual report, under oath, of
all interest received by the county treasurer or credited to the county
treasurer by any bank, savings and loan association, savings bank, or credit union, in which is
deposited any county moneys, and at the time of making such report the
county treasurer shall pay into the county treasury for the benefit of the
county the aggregate amount of all interest so received by or credited to
him, as shown by said report. Such report shall show the name of each bank
or depository where any county moneys are deposited.
(Source: P.A. 97-129, eff. 7-14-11.)
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55 ILCS 5/3-11014
(55 ILCS 5/3-11014) (from Ch. 34, par. 3-11014)
Sec. 3-11014.
Cost of bonds to be paid by county.
The premium
on all bonds required of the county treasurer in any official capacity by
the provisions of this Division if the surety thereon shall be a surety
company or companies authorized to do business in this State under the laws
thereof, shall be paid out of the county treasury: Provided, however, that
the amount of said premium shall not exceed one-half of one per cent per
annum of the amount of said bond.
(Source: P.A. 86-962.)
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55 ILCS 5/3-11015
(55 ILCS 5/3-11015) (from Ch. 34, par. 3-11015)
Sec. 3-11015.
Liability of treasurer.
The county treasurer shall be
discharged from responsibility for all moneys deposited by him pursuant to
the terms of this Division, with any depository or depositories
who may be named and shall qualify in accordance with the terms thereof:
Provided, that nothing in this Division contained shall be
construed in any manner to change or affect the liability of treasurers
having depositories under and in accordance with the terms of this
Division, except that such treasurers shall be discharged from
liability for moneys so deposited by them in such depositories while such
moneys so deposited are in the custody of any such depository.
(Source: P.A. 86-962.)
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55 ILCS 5/3-11016
(55 ILCS 5/3-11016) (from Ch. 34, par. 3-11016)
Sec. 3-11016.
Expenses of suit by or against treasurer.
All
reasonable expenses incurred by the county treasurer in prosecuting or
defending suits or actions brought by or against him in any official
capacity shall be paid out of the county treasury.
(Source: P.A. 86-962.)
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55 ILCS 5/3-11017
(55 ILCS 5/3-11017) (from Ch. 34, par. 3-11017)
Sec. 3-11017.
No retention of compensation other than salary.
The county treasurer shall retain no fees, commissions or other
compensation whatsoever, except his salary or other compensation fixed by
law, for his services when acting as such county treasurer or in any other
official capacity incident to his incumbency of that office. All fees,
perquisites and emoluments (above the amount of such salary or other
compensation fixed by law) shall be paid into the county treasury.
(Source: P.A. 86-962.)
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55 ILCS 5/3-11018
(55 ILCS 5/3-11018) (from Ch. 34, par. 3-11018)
Sec. 3-11018. Payment of interest or fees on deposits. No bank,
savings and loan association, savings bank, or credit union holding county moneys deposited therewith by
the county treasurer in accordance with the provisions in this Division, or
otherwise, and no officer of any such bank, savings and loan association, savings bank, or credit union,
or other person, shall pay to, withhold for the benefit of, or contract in
any manner for the payment to such county treasurer, or to any other person
for him, of any interest or other fee, perquisite or emolument, on account
of the deposit of such county moneys, except such interest as shall be paid
to such county treasurer for the benefit of the county.
(Source: P.A. 97-129, eff. 7-14-11.)
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55 ILCS 5/3-11019
(55 ILCS 5/3-11019) (from Ch. 34, par. 3-11019)
Sec. 3-11019.
No personal profit; penalty.
The making of a personal
profit or emolument by the incumbent of the office of county treasurer or
by any other county officer out of any county moneys by loaning, depositing
or otherwise using or disposing of the same in any manner whatsoever, shall
be deemed a Class 3 felony. Any county officer or other person who wilfully
violates any provision of this Division, other than that above specified in
this Section, or who wilfully neglects or refuses to perform any duty
imposed upon such person by the terms of this Division, shall be guilty of
a Class 4 felony.
(Source: P.A. 86-962.)
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55 ILCS 5/3-11020
(55 ILCS 5/3-11020) (from Ch. 34, par. 3-11020)
Sec. 3-11020.
Applicability to counties.
This Division and all of
the provisions thereof shall apply in every county of this State now
containing, or which may hereafter contain, more than 150,000 inhabitants.
(Source: P.A. 86-962.)
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