Illinois General Assembly - Illinois Compiled Statutes

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5 ILCS 420/1-102.5

(5 ILCS 420/1-102.5)
Sec. 1-102.5.

"Asset" means, for the purposes of Sections 4A-102 and 4A-103, an item that is owned and has monetary value. For the purposes of Sections 4A-102 and 4A-103, assets include, but are not limited to: stocks, bonds, sector mutual funds, sector exchange traded funds, commodity futures, investment real estate, beneficial interests in trusts, business interests, and partnership interests.  For the purposes of Sections 4A-102 and 4A-103, assets do not include: personal  residences; personal vehicles; savings or checking accounts; bonds, notes, or securities issued by any branch of federal, state, or local government; Medicare benefits; inheritances or bequests, other than beneficial interests in trusts; diversified funds;  annuities; pensions (including government pensions); retirement accounts; college savings plans that are qualified tuition plans;  qualified tax-advantaged savings programs that allow individuals to save for disability-related expenses; or tangible personal property.

(Source: P.A. 102-664, eff. 1-1-22.)