Sec. 22A-106

(40 ILCS 5/22A-106) (from Ch. 108 1/2, par. 22A-106)     Sec. 22A-106. "Manage": To invest, reinvest, exchange, and perform all investment functions with regard to reserves, funds, assets, securities, and moneys which the board is authorized to invest; 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 funds other than that of investments. (Source: P.A. 103-468, eff. 8-4-23; 104-852, eff. 8-21-26.)