(A) When­ev­er the fed­er­al gov­ern­ment or any agency or offi­cer there­of or when­ev­er any per­son,         firm or cor­po­ra­tion shall offer to the Coun­ty, ser­vices, equip­ment, sup­plies, mate­ri­als, or funds by way of gift or grant, for pur­pos­es of 
emer­gency manage­ments, the Coun­ty, act­ing through the Prin­ci­pal Exec­u­tive Offi­cer, may accept such offer and upon such accep­tance, may autho­rize an offi­cer of the Coun­ty to receive such ser­vices, equip­ment, sup­plies, mate­ri­als or funds on behalf of the County.

(B) The Coun­ty, act­ing through the Prin­ci­pal Exec­u­tive Offi­cer, shall have the author­i­ty to estab­lish a spe­cial fund if need­ed to accept such gifts, grants or loans.  The estab­lish­ment of such a spe­cial fund shall be in accor­dance with all Coun­ty ordi­nances relat­ing to this sub­ject mat­ter and the laws of the State ofIll­i­nois.  All ser­vices, gifts, grants or loans accept­ed pur­suant to the Sec­tion shall be sub­ject to Coun­ty audit­ing proce­dures.