(55 ILCS 5/5-1016) (from Ch. 34, par. 5-1016)
Sec. 5-1016.
Management of county funds and business.
A county board
may manage the county funds and county business, except as otherwise
specifically provided. A county board may invest any trust fund,
subject to its control and not otherwise restricted by law, in bonds or
other interest bearing obligations of the United States maturing or subject
to redemption at such time as shall not adversely affect the proper
administration of the trust. Interest from any such investment shall accrue
to the fund and shall, except to the extent otherwise provided by law or
court order, become the property of the county upon disbursement of the fund.
(Source: P.A. 86-962; 86-1028; 87-895.)
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