Illinois Code § 20 ILCS 3515/17

Bonds
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eligible for investment.

 
The State and all counties, cities, villages, incorporated towns, and
other municipal corporations, political subdivisions and public bodies, and
public officers of any thereof, all banks, bankers, trust companies,
savings banks and institutions, building and loan associations, savings and
loan associations, investment companies, insurance companies and
associations, and all executors, administrators, guardians, trustees and
other fiduciaries may legally invest any sinking funds, monies or other
funds belonging to them or within their control in any bonds issued
pursuant to this Act.

 
No lessee from the State authority may purchase bonds of the State
authority.

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