Illinois Compiled Statutes 55 ILCS 5/3-11003 – Classification of funds
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For the purpose of establishing a control over the withdrawal, in accordance with the provisions of this Division, of all county moneys deposited in any bank, savings and loan association, savings bank, or credit union, as hereinafter required, such moneys are hereby classified as follows:
Class A. All taxes and special assessments received by the county treasurer in his capacity as ex officio county collector or ex officio town collector, and held by him pending distribution to the several governments or authorities entitled to receive the same, shall be known as “Class A” funds.
Class B. All other moneys belonging to the State of Illinois or to any political or corporate subdivision thereof, except the county, shall be known as “Class B” funds.
Class C. All moneys belonging to the county in its corporate capacity shall be known as “Class C” funds.
Class D. All other county moneys as defined in Section 3-11001 shall be known as “Class D” funds.
Class A. All taxes and special assessments received by the county treasurer in his capacity as ex officio county collector or ex officio town collector, and held by him pending distribution to the several governments or authorities entitled to receive the same, shall be known as “Class A” funds.
Terms Used In Illinois Compiled Statutes 55 ILCS 5/3-11003
- county moneys: shall include all moneys to whomsoever belonging, received by or in possession or control of the incumbent of the office of county treasurer when acting as such or in any other official capacity incident to his incumbency of the office of county treasurer. See Illinois Compiled Statutes 55 ILCS 5/3-11001
- county treasurer: shall include the county treasurer when acting as such or in any other official capacity incident to his incumbency of the office of county treasurer. See Illinois Compiled Statutes 55 ILCS 5/3-11001
- Ex officio: Literally, by virtue of one's office.
- State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
Class B. All other moneys belonging to the State of Illinois or to any political or corporate subdivision thereof, except the county, shall be known as “Class B” funds.
Class C. All moneys belonging to the county in its corporate capacity shall be known as “Class C” funds.
Class D. All other county moneys as defined in Section 3-11001 shall be known as “Class D” funds.