Illinois Compiled Statutes > 30 ILCS 150 – Natural Heritage Fund Act
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Terms Used In Illinois Compiled Statutes > 30 ILCS 150 - Natural Heritage Fund Act
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Ex officio: Literally, by virtue of one's office.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Irrevocable trust: A trust arrangement that cannot be revoked, rescinded, or repealed by the grantor.