Illinois Compiled Statutes > 15 ILCS 515 – Treasurer as Custodian of Funds Act
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Terms Used In Illinois Compiled Statutes > 15 ILCS 515 - Treasurer as Custodian of Funds Act
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- Executive session: A portion of the Senate's daily session in which it considers executive business.
- 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.
- Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.