Illinois General Assembly - Illinois Compiled Statutes

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30 ILCS 430/7

(30 ILCS 430/7) (from Ch. 127, par. 3757)

Sec. 7.

In order to carry out the purposes of this Act, the Governor
and Director of the
Governor's Office of Management and Budget may include within the proceedings
authorizing the issuance of such Bonds, provisions or features deemed
complementary to the purposes herein and to make such Bonds attractive to
investors saving for retirement purposes.  Such features, in the opinion of
the Director of the
Governor's Office of Management and Budget, shall not adversely impact the
State's cost of funds.

Since this type of retirement savings bond may not be appropriate for all
persons, any advertisements regarding the sale of such Bonds, including
bond prospectuses shall include statements to the effect that (a) these
bonds may not be suitable for all investors and, (b) prior to purchase, it
is recommended that all investors consult with a qualified advisor regarding
the suitability of the bonds as investments for retirement purposes.

(Source: P.A. 94-793, eff. 5-19-06.)