Ill. Admin. Code tit. 74 § 740.410

Current through Register Vol. 48, No. 50, December 13, 2024

Section 740.410 - Enrollment

A public agency may enroll in IPTIP on documents prescribed by the Treasurer and the custodian bank. Electronic signatures are permitted when electronically submitting any documents, Illinois Funds agreements, or custodian bank agreements.

a) The enrollment forms shall require public agencies to provide the following information:

1) name of public agency;

2) name and title of person who will be the principal;

3) names and titles of authorized traders;

4) names and titles of authorized signers;

5) tax identification number;

6) mailing and physical street address;

7) email address;

8) phone number;

9) bank instructions; and

10) any additional information needed to assist in clarifying when the enrollment form is unclear or insufficient.

b) If applicable, public agencies shall sign a custodian bank agreement in which they agree to the terms and conditions of the custodian bank.

c) Public agencies shall sign an Illinois Funds agreement in which they agree to the terms and conditions of the Treasurer.

Ill. Admin. Code tit. 74, § 740.410

Adopted at 43 Ill. Reg. 2299, effective 1/31/2019.