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Code · Illinois · Chapter 40 — PENSIONS · Act 5

Sec. 11-209. Gift reserve.

70 words·~1 min read·/il/chapter-40/act-5/11-209

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Sec. 11-209. Gift reserve.
Money or property received by the board for any purpose under other laws, or as gifts, grants, or bequests, or in any manner other than provided in any section of this Article shall be credited to this reserve and used for such purposes of the fund as are approved by the board. The balance in this reserve shall be improved by interest at 4% per annum.
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