Illinois Code § 40 ILCS 5/22A-108.1

Investment Advisor:
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Sec. 22A-108.1. 

Investment Advisor: 

Any person or business entity
which provides investment advice to the Board on a personalized basis and with an
understanding of the policies and goals of the Board. "Investment Advisor" shall
not include any person or business entity which provides statistical or general
market research data available for purchase or use by others.

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