Illinois Compiled Statutes 50 Local Government: Article -

• Illinois Local Government Housing Finance Act. - 50 ILCS 465, Section 1
  Short title. This Act may be cited as the Local Government Housing Finance Act. (Source: P.A. 92-142, eff. 7-24-01.)
• Illinois Local Government Housing Finance Act. - 50 ILCS 465, Section 5
  Definitions. In this Act: "Appraised value" means the fair market value of a home determined in accordance with generally accepted procedures and standards applicable...
• Illinois Local Government Housing Finance Act. - 50 ILCS 465, Section 10
  Powers. In addition to powers that an Authority may now have, Authorities have the following powers: (a) To acquire, and to contract and enter...
• Illinois Local Government Housing Finance Act. - 50 ILCS 465, Section 15
  Ordinance authorizing exercise of powers. The exercise of any or all powers granted by this Act shall be authorized and the bonds shall be...
• Illinois Local Government Housing Finance Act. - 50 ILCS 465, Section 20
  Covenants. Any ordinances authorizing the issuance of the bonds under this Act may contain covenants regarding (i) the use and disposition of the revenues...
• Illinois Local Government Housing Finance Act. - 50 ILCS 465, Section 25
  Signatures. The bonds shall bear the manual or facsimile signatures of any officers of the Authority that may be designated in the ordinance authorizing...
• Illinois Local Government Housing Finance Act. - 50 ILCS 465, Section 30
  Pledges; validity. Any pledge made to secure bonds shall be valid and binding from the time when the pledge is made. The revenues and...
• Illinois Local Government Housing Finance Act. - 50 ILCS 465, Section 35
  Bonds; obligations of the Authority. All bonds issued under this Act shall be limited obligations of the Authority issuing the same, payable solely from...
• Illinois Local Government Housing Finance Act. - 50 ILCS 465, Section 40
  Personal liability; corporate authorities. Neither the members of the corporate authorities of an Authority, nor any official or employee of the Authority, nor any...
• Illinois Local Government Housing Finance Act. - 50 ILCS 465, Section 45
  Joint or cooperative action. One or more Authorities (whether or not any of them are home rule units) may join together or cooperate with...
• Illinois Local Government Housing Finance Act. - 50 ILCS 465, Section 50
  Legal investments. Notwithstanding any other provision of law, bonds issued pursuant to this Act shall be legal investments for all trust funds, insurance companies,...
• Illinois Local Government Housing Finance Act. - 50 ILCS 465, Section 55
  Interests of corporate officers or employees; participating lending institutions. Notwithstanding the provisions of any other law to the contrary, a member of the corporate...
• Illinois Local Government Housing Finance Act. - 50 ILCS 465, Section 60
  Scope of additional powers. The powers conferred by this Act are in addition and supplemental to, and the limitations imposed by this Act shall...
• Illinois Local Government Housing Finance Act. - 50 ILCS 465, Section 65
  Construction. This Act is necessary for the health, welfare, and safety of the State, its counties and municipalities, and its inhabitants; therefore, it shall...
• Illinois Local Government Housing Finance Act. - 50 ILCS 465, Section 99
  Effective date. This Act takes effect upon becoming law. (Source: P.A. 92-142, eff. 7-24-01.)

Last modified: February 18, 2015