(20 ILCS 3805/7.13) (from Ch. 67 1/2, par. 307.13)
Sec. 7.13.
The Authority may invest any funds in mortgage participation
certificates representing undivided interests in specified, first-lien
conventional residential Illinois mortgages which are underwritten, insured,
guaranteed or purchased by the Federal Home Loan Mortgage Corporation.
The Authority may also invest any funds in such investments as may be
lawful for fiduciaries in this State.
The Authority may also invest any funds in such investments as may be
lawful for State or nationally-chartered banks, State or
federally-chartered savings and loan associations or fiduciaries
subject to the Employee Retirement Income Security Act of 1974.
(Source: P.A. 87-250.)
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