(40 ILCS 5/6-202) (from Ch. 108 1/2, par. 6-202)
Sec. 6-202.
Gift reserve.
All money or property received by the board for
any purposes of the fund under any law other than this law, or as gifts,
grants, or bequests or in any manner other than as provided in this
Article, shall be placed in this reserve and used for the purposes of the
fund as the board decides; provided that, whenever any gift of moneys or
other property is made to this reserve to be used for the benefit of any
class of beneficiaries of this fund, such moneys or other property shall be
used only for such specified purpose. The balance in this reserve shall be
annually improved by interest at the rate realized by the Board on its
investments in the previous year.
(Source: P.A. 86-273.)
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