Chapter 20 — EXECUTIVE BRANCH

(20 ILCS 3510/3) (from Ch. 111 1/2, par. 8103) Sec. 3. Powers. In addition to the powers set forth elsewhere in this Act and in The Illinois Finance Authority Act, as now or hereafter amended, the Authority may: (a) Adopt an official seal. (b) Maintain asbestos abatement suboffic…

(20 ILCS 3510/4) (from Ch. 111 1/2, par. 8104) Sec. 4. Public corporation and private institution participation. Any public corporation which is authorized to issue, sell and deliver its public corporation securities (or, if the public corporation security is in the form of a loa…

(20 ILCS 3510/5) (from Ch. 111 1/2, par. 8105) Sec. 5. Bonds as limited obligations. Bonds issued by the Authority under this Act shall be limited obligations of the Authority payable solely from such revenues, securities, funds, and other assets as the resolution of the Authorit…

(20 ILCS 3510/6) (from Ch. 111 1/2, par. 8106) Sec. 6. Pledges by Authority. Any pledge of revenues, securities, funds, or other assets made by the Authority to secure payment of bonds issued under this Act shall be valid and binding and immediately effective from the time the pl…

(20 ILCS 3510/7) (from Ch. 111 1/2, par. 8107) Sec. 7. Enforcement of rights of bondholders and bond trustees. Any owner of a bond of the Authority issued under this Act, or any trustee under any trust agreement securing bonds of the Authority issued under this Act, except to the…

(20 ILCS 3510/8) (from Ch. 111 1/2, par. 8108) Sec. 8. Tax exemption. Bonds issued by the Authority under this Act, their transfer, the interest payable on them, and any income derived from them shall be exempt from taxation under the Illinois Income Tax Act, as now or hereafter …

(20 ILCS 3510/9) (from Ch. 111 1/2, par. 8109) Sec. 9. Members or employees of Authority; conflicting relations or interests. (a) No member of the Board, officer, agent or employee of the Authority shall, in his or her own name or in the name of a nominee, be an officer, director…

(20 ILCS 3515/1) (from Ch. 127, par. 721) Sec. 1. Short title. This Act may be referred to and cited as the "Illinois Environmental Facilities Financing Act". (Source: P.A. 81-1063.)

(20 ILCS 3515/10) (from Ch. 127, par. 730) Sec. 10. Security for bonds. The principal of, and interest and premiums, if any, on any bonds issued by the State authority shall be secured by a pledge of the revenues and receipts out of which the same shall be made payable and may al…

(20 ILCS 3515/11) (from Ch. 127, par. 731) Sec. 11. Payment of bonds-Nonliability of State. Bonds issued under the provisions of this Act shall not be deemed to constitute a debt or liability of the State or of any political subdivision, but shall be payable solely from the funds…

(20 ILCS 3515/12) (from Ch. 127, par. 732) Sec. 12. Taxation; securities law. The State authority is hereby declared to be performing a public function in behalf of the State and to be a public instrumentality of the State. Also, for purposes of the Illinois Securities Law of 195…

(20 ILCS 3515/13) (from Ch. 127, par. 733) Sec. 13. (Repealed). (Source: Repealed by P.A. 88-519.)

(20 ILCS 3515/14) (from Ch. 127, par. 734) Sec. 14. Conveyance of title. At or prior to the time the principal of and interest on bonds issued by the State authority to finance a particular environmental facility have been fully paid, the authority may execute such deeds and conv…

(20 ILCS 3515/15) (from Ch. 127, par. 735) Sec. 15. Powers not restricted-law complete in itself. Neither this Act nor anything herein contained shall be construed as a restriction or limitation upon any powers which the State authority might otherwise have under any laws of this…

(20 ILCS 3515/16) (from Ch. 127, par. 736) Sec. 16. Investment of funds. The State authority may invest any funds in bonds, notes, certificates of indebtedness, treasury bills or other securities constituting direct obligations of or obligations guaranteed by the United States of…

(20 ILCS 3515/17) (from Ch. 127, par. 737) Sec. 17. Bonds eligible for investment. The State and all counties, cities, villages, incorporated towns, and other municipal corporations, political subdivisions and public bodies, and public officers of any thereof, all banks, bankers,…

(20 ILCS 3515/18) (from Ch. 127, par. 738) Sec. 18. Exemption from construction and bidding requirements for public buildings. An environmental facility is not subject to any requirements relating to public buildings, structures, grounds, works, or improvements imposed by the law…

(20 ILCS 3515/19) (from Ch. 127, par. 739) Sec. 19. Powers additional to those granted by other laws - Severability. The powers conferred by this Act shall be in addition and supplementary to, and the limitations by this Act shall not affect the powers conferred by any other law.…

(20 ILCS 3515/2) (from Ch. 127, par. 722) Sec. 2. Declaration of necessity and purpose - Liberal construction. (a) The General Assembly finds: (i) that environmental damage seriously endangers the public health and welfare; (ii) that such environmental damage results from air, wa…

(20 ILCS 3515/3) (from Ch. 127, par. 723) Sec. 3. Definitions. In this Act, unless the context otherwise clearly requires, the terms used herein shall have the meanings ascribed to them as follows: (a) "Bonds" means any bonds, notes, debentures, temporary, interim or permanent ce…

(20 ILCS 3515/4) (from Ch. 127, par. 724) Sec. 4. Transfer of functions from the Illinois Development Finance Authority to the Illinois Finance Authority. The Illinois Finance Authority created by the Illinois Finance Authority Act shall succeed to, assume and exercise all rights…

(20 ILCS 3515/7) (from Ch. 127, par. 727) Sec. 7. Powers. In addition to the powers otherwise authorized by law, for the purposes of this Act, the State authority shall have the following powers together with all powers incidental thereto or necessary for the performance thereof:…

(20 ILCS 3515/7.5) Sec. 7.5. Required findings for environmental facilities located outside the State. The State authority may approve an application to finance or refinance environmental facilities located outside of the State only after it has made either of the following findi…

(20 ILCS 3515/8) (from Ch. 127, par. 728) Sec. 8. Acquisition of property. The State authority is authorized and empowered directly or by or through any person, as its agent, to acquire by purchase, lease, gift, legacy or otherwise such land, structures, rights of way, franchises…

(20 ILCS 3515/9) (from Ch. 127, par. 729) Sec. 9. Bonds. The bonds may be issued as serial bonds or as term bonds or a combination of both types. All bonds issued by the State authority shall be payable solely out of the revenues and receipts derived from the leasing, financing o…

(20 ILCS 3610/1) (from Ch. 5, par. 1251) Sec. 1. This Act shall be known and may be cited as the Emergency Farm Credit Allocation Act. (Source: P.A. 84-1.)

(20 ILCS 3610/2) (from Ch. 5, par. 1252) Sec. 2. The General Assembly has found and determined and does hereby declare that: (a) a strong farm economy is essential to the overall fiscal health of the State of Illinois; (b) farmers in Illinois are currently facing an economic cris…

(20 ILCS 3610/3) (from Ch. 5, par. 1253) Sec. 3. As used in this Act unless the context otherwise requires: (a) "Applicant" means an Illinois farmer applying for an operating loan. (b) "Operating loan" means a loan to an applicant in connection with cultivating the soil, or in co…

(20 ILCS 3610/4) (from Ch. 5, par. 1254) Sec. 4. There is hereby created a payment adjustment program to be administered by the Illinois Finance Authority. The Authority shall have the authority to promulgate and adopt rules and regulations which are consistent with this Act. The…

(20 ILCS 3610/5) (from Ch. 5, par. 1255) Sec. 5. A payment adjustment may be granted if the following criteria are satisfied: (a) the applicant is a resident of the State of Illinois and is the principal operator of the farm or land for which the loan is intended, provided that o…

(20 ILCS 3610/6) (from Ch. 5, par. 1256) Sec. 6. Application for an operating loan subject to a payment adjustment shall be to any lender. The lender may approve any application meeting the criteria established in Sections 5 and 7 of this Act. Any approved application shall be su…

(20 ILCS 3610/7) (from Ch. 5, par. 1257) Sec. 7. An application for a payment adjustment shall be transacted on forms provided by the Authority. An operating loan subject to a payment adjustment shall not exceed $150,000; shall be due and payable within 14 months after the operat…

(20 ILCS 3610/8) (from Ch. 5, par. 1258) Sec. 8. There is hereby created outside of the State treasury a special fund to be known as the Farm Credit Payment Adjustment Fund. The State Treasurer shall be custodian of such fund. All earnings on monies in such fund shall be deposite…

(20 ILCS 3805/1) (from Ch. 67 1/2, par. 301) Sec. 1. This Act shall be known and may be cited as the Illinois Housing Development Act. (Source: Laws 1967, p. 1931.)

(20 ILCS 3805/10) (from Ch. 67 1/2, par. 310) Sec. 10. The Authority shall approve a tenant selection plan submitted by the applicant for the loan prior to disbursing any funds in connection with the acquisition, rehabilitation, or construction of a development. The Authority sha…

(20 ILCS 3805/11) (from Ch. 67 1/2, par. 311) Sec. 11. Among low or moderate income persons and families, preference for occupancy in a development financed under the Act shall be given to those persons and families displaced from an urban renewal area, or as a result of governme…

(20 ILCS 3805/12) (from Ch. 67 1/2, par. 312) Sec. 12. In order to encourage developments which are not economically homogeneous and to achieve rent charges which will make units available to persons and families of low income at low rentals, the Authority and a mortgagor may use…

(20 ILCS 3805/13) (from Ch. 67 1/2, par. 313) Sec. 13. The Authority shall require that occupancy of all housing financed or otherwise assisted under this Act be open to all persons regardless of race, national origin, religion, creed, sex, age or physical or mental disability an…

(20 ILCS 3805/14) (from Ch. 67 1/2, par. 314) Sec. 14. The Authority may from time to time issue its negotiable bonds and notes in such principal amount, as, in the opinion of the Authority, shall be necessary to provide sufficient funds for achieving its corporate purposes, incl…

(20 ILCS 3805/14.1) (from Ch. 67 1/2, par. 314.1) Sec. 14.1. The Authority may issue to persons acquiring, improving or rehabilitating residences in Illinois mortgage credit certificates (or such other arrangements by which entities authorized to issue qualified mortgage bonds un…

(20 ILCS 3805/15) (from Ch. 67 1/2, par. 315) Sec. 15. The Authority may from time to time, issue renewal notes, issue bonds to pay such notes, and whenever it deems refunding expedient, refund any bonds by the issuance of new bonds, whether the bonds to be refunded have or have …

(20 ILCS 3805/16) (from Ch. 67 1/2, par. 316) Sec. 16. The notes and bonds issued under this Act shall be authorized by resolution of the members of the Authority, shall bear such date or dates, and shall mature at such time or times, in the case of any note, or any renewal there…

(20 ILCS 3805/17) (from Ch. 67 1/2, par. 317) Sec. 17. A resolution of the Authority authorizing the issuance of any notes or bonds or any issue thereof under this Act may provide for: (a) Pledging or assigning or granting a lien on or security interest in all or any part of the …

(20 ILCS 3805/18) (from Ch. 67 1/2, par. 318) Sec. 18. No member of the Authority or any authorized person executing the notes or bonds shall be liable personally on the notes or bonds or be subject to any personal liability or accountability by reason of the issuance thereof. (S…

(20 ILCS 3805/19) (from Ch. 67 1/2, par. 319) Sec. 19. The Authority, subject to the terms of any agreements with noteholders or bondholders as may then exist, shall have power out of any funds available therefor to purchase notes or bonds of the Authority at a price not exceedin…

(20 ILCS 3805/2) (from Ch. 67 1/2, par. 302) Sec. 2. As used in this Act: (a) "Authority" means the Illinois Housing Development Authority created in this Act. (b) "Development costs" means the costs approved by the Authority as appropriate expenditures which may be incurred prio…

(20 ILCS 3805/20) (from Ch. 67 1/2, par. 320) Sec. 20. The State shall not be liable on notes or bonds of the Authority and such bonds and notes shall not be a debt of the State. The notes and bonds shall contain on the face thereof a statement to such effect. (Source: P.A. 76-11…

(20 ILCS 3805/21) (from Ch. 67 1/2, par. 321) Sec. 21. The Authority shall create and establish a special fund to secure the Housing Development Bonds issued under this Act. The fund shall be designated as "the capital reserve fund." The Authority shall pay into the capital reser…

(20 ILCS 3805/22) (from Ch. 67 1/2, par. 322) Sec. 22. (a) The Authority shall not have outstanding at any one time bonds and notes for any of its corporate purposes in an aggregate principal amount exceeding $11,500,000,000, excluding bonds and notes issued to refund outstanding…

(20 ILCS 3805/23) (from Ch. 67 1/2, par. 323) Sec. 23. In computing the amount of the capital reserve fund for the purposes of this Act, securities in which all or a portion of the fund is invested shall be valued at par, or if purchased at less than par, at their cost to the Aut…