Illinois § 17-147
Full text of Illinois Illinois Compiled Statutes § 17-147, with citation guidance and answers to common questions.
§ 17-147.
Custody of Fund; bonds; legal proceedings. The city treasurer, ex officio, shall be the custodian of the Fund, and shall secure and safely keep it, subject to the control and direction of the Board. The city treasurer shall keep the books and accounts concerning the Fund in the manner prescribed by the Board. The books and accounts shall always be subject to the inspection of the Board or any member thereof. The city treasurer shall be liable on the city treasurer's official bond for the proper performance of duties and the conservation of the Fund. Payments from the Fund shall be made upon checks or through direct deposit transmittals authorized by the executive director or by such person as the Board may designate from time to time by appropriate resolution. Neither the treasurer nor any other officer having the custody of the Fund is entitled to retain any interest accruing thereon, but such interest shall accrue and inure to the benefit of such Fund, become a part thereof, subject to the purposes of this Article. Any legal proceedings necessary for the enforcement of the provisions of this Article shall be brought by and in the name of the Board of the Fund. (Source: P.A. 102-210, eff. 1-1-22.)
Frequently Asked Questions About Illinois § 17-147
What does Illinois Compiled Statutes § 17-147 cover?
Section 17-147 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 17-147?
A common citation format is "Illinois Compiled Statutes § 17-147" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 17-147 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.