Illinois General Assembly - Illinois Compiled Statutes

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40 ILCS 5/22A-106

(40 ILCS 5/22A-106) (from Ch. 108 1/2, par. 22A-106)

Sec. 22A-106. "Manage":

To invest, reinvest, exchange and to perform all investment
functions with regard to reserves, funds, assets, securities and moneys
which the board is authorized to invest, and to preserve and protect such
reserves, funds, assets, securities and moneys, including, but not limited
to, authority to vote any stocks, bonds or other securities and to give
general or special proxies or powers of attorney with or without power of
substitution, except that the authority to vote proxies is subject to
Section 22A-113.4. This term shall not include any functions, duties and
responsibilities incident to the operation and administration of pension
funds or education fund other than that of investments.

(Source: P.A. 103-468, eff. 8-4-23.)