40 ILCS 5/12-115

40 ILCS 5/12-115
in effect
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(40 ILCS 5/12-115) (from Ch. 108 1/2, par. 12-115) Sec. 12-115. Present value. "Present value": The amount of funds presently required to provide an annuity or benefit at some future date when computed according to the actuarial tables. (Source: Laws 1963, p. 161.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026

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