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Code · Illinois · Chapter 40 — PENSIONS · Act 5

Sec. 2-141. To accept gifts.

66 words·~1 min read·/il/chapter-40/act-5/2-141

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Sec. 2-141. To accept gifts.
To accept any gift, grant or bequest of any money or securities. If the grantor specifies the purpose of providing cash benefits for some or all of the participants or annuitants of the system, the gift shall be so used; if no such purpose is designated, the gift shall be used to reduce the costs of the State for providing benefits.
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