Bequests for educational purposes.

(b) Notwithstanding the provisions of subsection (a) of this section, the State Board of Education may receive in the name of the state any money or property given or bequeathed to the State Board of Education. Said board shall transfer any such money to the State Treasurer who shall invest the money in accordance with the provisions of section 3-31a . Said board may use any such property for educational purposes. No authority under section to authorize the turning over of funds of The Wheeler School and Library to State Board of Education. 15 CS 427.