(315 ILCS 5/25a) (from Ch. 67 1/2, par. 87a)
Sec. 25a. In the event of the dissolution of any Land Clearance Commission organized under the provisions of this Act or "An Act to promote the improvement of housing", approved July 26, 1945, the funds of such Commission which are or have been derived from grants made by the State of Illinois shall be transferred to the State Housing Fund in the State Treasury.
Provided, however, that in the event of the dissolution of any Land Clearance Commission as a consequence of the establishment of a Department of Urban Renewal pursuant to the provisions of the "Urban Renewal Consolidation Act of 1961", enacted by the Seventy-Second General Assembly, the funds of such Commission which are or have been derived from grants made by the State of Illinois, together with all other cash, real property, securities, contracts, records, and assets of any kind or nature to the extent and in the manner provided in said Urban Renewal Consolidation Act of 1961, shall be conveyed, transferred, assigned, delivered and paid over to the municipality which initiated the creation of such Department of Urban Renewal.
(Source: Laws 1963, p. 1490.)
Sections: Previous 20 21 22 23 23a 24 25 25a 26 26.1 26.2 26.3 26.4 27 28 Next
Last modified: February 18, 2015