§ 8.4

Illinois § 8.4

• Jurisdiction: Illinois
• Topic: HUMAN NEEDS
• Ch. 310: HOUSING
• Act 310 ILCS 10/: Housing Authorities Act.

Text

An Authority has power to borrow money upon its bonds, notes, debentures, or other evidences of indebtedness and to secure the same by pledges of its revenues, or in any other manner, and in connection with any loan by a government, to agree to limitations upon the exercise of any powers conferred upon the Authority by this Act; to invest any funds held in reserves or sinking funds, or in any funds not required for immediate disbursement in State or Federal securities; to make grants, loans, and advances on such terms as the Authority shall determine, subject to the approval of the Department, to any non-profit corporation referred to in Section 9 in order to assist such non-profit corporation in planning, preparing, constructing, reconstructing or improving housing to provide an additional supply of decent, safe and sanitary dwellings.

Legislative History

(Source: P.A. 81-1509.)