(20 ILCS 3501/815-15)
Sec. 815-15.
Illinois Land Bank Fund; Creation; Use.
There is hereby
created
the Illinois Land Bank Fund, hereafter referred to in
Sections 815-15 through 815-30 of this Act as the "Fund". The Treasurer of the
Authority shall have custody
of the Fund, which shall be held outside of the State treasury. The Authority
is authorized to accept any and all grants, loans, subsidies, matching funds,
reimbursements, appropriations, transfers of appropriations, federal grant
monies, income derived from investments, or other things of value from the
federal or state governments or units of local government or any agency thereof
or from an enterprise for deposit in the Fund. The Authority is authorized to
use monies deposited in the Fund expressly for the purposes specified in and
according to the procedures established by Sections 815-20 through 815-30 of
this Act.
(Source: P.A. 93-205, eff. 1-1-04.)
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