(315 ILCS 5/25a) (from Ch. 67 1/2, par. 87a)
Sec. 25a.
In the event of the dissolution of any Land Clearance Commission
organized under the provisions of this Act or "An Act to promote the
improvement of housing", approved July 26, 1945, the funds of such
Commission which are or have been derived from grants made by the State of
Illinois shall be transferred to the State Housing Fund in the State
Treasury.
Provided, however, that in the event of the dissolution of any Land
Clearance Commission as a consequence of the establishment of a Department
of Urban Renewal pursuant to the provisions of the "Urban Renewal
Consolidation Act of 1961", enacted by the Seventy-Second General
Assembly, the funds of such Commission which are or have been derived
from grants made by the State of Illinois, together with all other cash,
real property, securities, contracts, records, and assets of any kind or
nature to the extent and in the manner provided in said Urban Renewal
Consolidation Act of 1961, shall be conveyed, transferred, assigned,
delivered and paid over to the municipality which initiated the creation of
such Department of Urban Renewal.
(Source: Laws 1963, p. 1490.)
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