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Illinois Statutes Chapter 40. Pensions § 5/2-141. To accept gifts

Current as of January 01, 2025 | Updated by Findlaw Staff

§ 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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Cite this article: FindLaw.com - Illinois Statutes Chapter 40. Pensions § 5/2-141. To accept gifts - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-40-pensions/il-st-sect-40-5-2-141/

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