(20 ILCS 3805/7.17) (from Ch. 67 1/2, par. 307.17)
Sec. 7.17.
The Authority may procure insurance against any loss
in connection with
its property in such amounts, and from such insurers, as may be necessary
or desirable.
The
Authority may acquire any instruments the purpose of which is to reduce
the risk of loss due to fluctuation in the interest rate or market price
of those investments or may enter into any agreements to insure, protect
or preserve
its investments from any loss
(including, without limitation, loss caused by fluctuation in interest
rates, markets or in securities) in such amounts and from such insurers,
issuers or other parties as the Authority deems appropriate.
(Source: P.A. 83-1251.)
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