Sec. 2-152. No monetary gain on investments.
89 words·~1 min read·
/il/chapter-40/act-5/2-152A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 2-152. No monetary gain on investments. No trustee or employee of the board shall have any direct interest in the income, gains or profits of any investments made in behalf of the system, nor receive any pay or emolument for services in connection with any investment. No trustee or employee of the board shall become an endorser or surety, or in any manner an obligor for money loaned or borrowed from the system. Whoever violates any of the provisions of this Section is guilty of a petty offense.