(40 ILCS 5/18-148)
(from Ch. 108 1/2, par. 18-148)
To accept gifts.
To accept any gift, grant or bequest of any money or securities for the
purpose designated by the grantor, if such purpose is specified as
providing cash benefits for some or all of the participants or annuitants
of the system, or if no such purpose is designated, for the purpose of
reducing the costs of the State for providing benefits.
(Source: Laws 1963, p. 161.)