Illinois Administrative Code (Last Updated: February 21, 2024) |
TITLE74. PUBLIC FINANCE |
PART720. INVESTMENT PROGRAMS [Repealed] |
§720.20. Basic Deposit Program
Latest version.
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The Basic Deposit Allocation recognizes the contribution of each local community to the state's overall wealth, and therefore acknowledges its right to share in the use of public funds. The criteria used in awarding such funds are:
a) bid interest rate,
b) bank size, and
c) outstanding bank loans.