Illinois Code § 20 ILCS 3805/29

The notes and bonds of the Authority are securities in which all public
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officers and bodies of this State and all municipalities and municipal
subdivisions, all insurance companies and associations, and other persons
carrying on an insurance business, all banks, trust companies, savings
banks and savings associations, saving and loan associations, investment
companies, all administrators, guardians, executors, trustees and other
fiduciaries, and all other persons whatsoever who are now or may hereafter
be authorized to invest in bonds or other obligations of the State, may
properly and legally invest funds, including capital, in their control or
belonging to them.

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