40 ILCS 5/7-194

Current through Public Acts 103-1 through 103-587, 103-589, and 103-590
Section 40 ILCS 5/7-194 - To accept gifts

To accept any gift, grant or bequest of any money or securities for the purposes designated by the grantor if such purpose is specified as providing cash benefits to some or all of the participating employees or annuitants of this fund, or if no such purposes are designated, for the purpose of distribution to all the participating employees at the end of the year in the same proportion as the interest at the effective rate is allocated for the year.

40 ILCS 5/7-194

Laws 1963, p. 161.