Illinois Statutes
§ 8-220 — Gift reserve
Illinois § 8-220
JurisdictionIllinois
TopicGOVERNMENT
Ch. 40PENSIONS
Act 40 ILCS 5/Illinois Pension Code.
Art.Article 8 - Municipal Employees', Officers', And Officials' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants
This text of Illinois § 8-220 (Gift reserve) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
40 Ill. Comp. Stat. 8-220 (2026).
Text
Money or property received by the board for any purpose, under other laws, or as gifts, grants, or bequests, or in any manner other than provided in any section of this Article shall be credited to this reserve and used for such purposes of the fund as are approved by the board. The balance in this reserve shall be improved by interest at the effective rate.
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Legislative History
(Source: Laws 1963, p. 161.)
Nearby Sections
15
§ 8-101
Creation of fund§ 8-102
Terms defined§ 8-103
Fund§ 8-104
The 1921 Act§ 8-107.1
Public Library Employes' Pension Act§ 8-108.3
§ 8-108.3§ 8-109
Civil Service Act§ 8-109.1
§ 8-109.1§ 8-110
Employer§ 8-111
Effective dateCite This Page — Counsel Stack
Bluebook (online)
Illinois § 8-220, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/40/8-220.