Illinois Administrative Code
Title 74 - PUBLIC FINANCE
Part 230 - THE UNIVERSITY IMPREST SYSTEM
Section 230.101 - Definition
Universal Citation: 74 IL Admin Code ยง 230.101
Current through Register Vol. 48, No. 12, March 22, 2024
The University Imprest System is a controlled program of transfers of state money to the various state colleges and universities as advances for the purpose of handling minor disbursements and other expenditures where economies and other benefits can be derived through prompt payment. All expenditures are made in accordance with the purposes specified in their appropriations. Disbursements from the various imprest accounts are made from time to time as needed through each university's checking account.
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