(310 ILCS 10/13)
(from Ch. 67 1/2, par. 13)
The Department may, in its discretion, prescribe methods and
forms for keeping accounts, records and books to be used by an Authority,
and prescribe accounts to which particular outlays and receipts shall be
entered, charged, or credited. The Department may require an Authority to
file periodical reports, but not more frequently than quarterly, covering
its operations and activities in a form prescribed by the Department. The
Department may also, from time to time, require an Authority to provide
specific answers to questions on subjects when the Department desires
information on those subjects.
The Department may investigate the conditions and affairs of an
Authority, its dealings, transactions or relationships and the manner in
which projects are managed, and may through its members or employees enter
upon and inspect the property, equipment, buildings, plants and offices of
an Authority and examine its books, contracts, records, documents and papers.
Every Authority shall further be subject to the further powers of
supervision of the Department provided in Sections 27, 28 and 29 of the
State Housing Act. This Section shall not apply with reference to any
project financed in whole or in part by federal funds, so long as such
project is supervised or controlled by the federal government or any agency
or instrumentality thereof or designee or nominee thereof.
(Source: P.A. 87-200.)