55 ILCS 5/ Counties Code.

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55 ILCS 5/Div. 5-22

(55 ILCS 5/Div. 5-22 heading) Division 5-22.

Homes for the Aged

55 ILCS 5/5-22001

(55 ILCS 5/5-22001) (from Ch. 34, par. 5-22001)

Sec. 5-22001.

Establishment and maintenance of homes
for the aged. Any county is authorized to purchase or
construct, equip, operate and maintain one or more homes
for the aged.

In order to finance any such home, any county may borrow money and issue
and sell bonds in such amount or amounts as it may determine, and may
refund and refinance the same from time to time whenever the public
interest so requires.

(Source: P.A. 86-962.)

55 ILCS 5/5-22002

(55 ILCS 5/5-22002) (from Ch. 34, par. 5-22002)

Sec. 5-22002.

Rules and regulations; admissions.

The county board, as the case may be,
may make such reasonable rules and regulations regarding the management and
control of any home for the aged as may be required to accomplish the
purposes of the Division subject to and not in conflict with
the provisions of the Nursing Home Care Act, as heretofore or hereafter amended.

Any such home shall be available for the use of any aged person who is
able, through private means or public subsidy or combination thereof, to
pay the prescribed rental and to meet any rules or regulations necessary
for the operation of such home.

(Source: P.A. 86-962; 86-1028.)

55 ILCS 5/5-22003

(55 ILCS 5/5-22003) (from Ch. 34, par. 5-22003)

Sec. 5-22003.

Bonds.

All bonds issued under this Division
shall bear interest of not more than the maximum rate authorized by the
Bond Authorization Act, as amended at the time of the making of the
contract, and may be sold by the issuing authority in such manner
as may be in the public interest; provided, that such bonds shall be sold
at such price that the interest cost of the proceeds therefrom will not
exceed the maximum rate authorized by the Bond Authorization Act, as
amended at the time of the making of the contract, based
on the average maturity of such bonds, and
computed according to standard tables of bond values. Such bonds shall be
payable solely and only from the revenues to be derived from the operation
of the home for the financing of which they are issued; and such fact shall
be plainly stated on the face of each bond. Such bonds shall be deemed
negotiable instruments. They shall bear such date or dates and may mature
at such time or times, not exceeding 40 years from their date or dates, and
may be in such form, carry such registration privilege, may be payable at
such place or places, may be subject to such terms of redemption, prior to
maturity with or without premium, as so stated on the face of each bond,
may contain such terms and covenants, as may be determined by the issuing
authority. Such bonds shall be executed by the chairman of the county board
and the county treasurer. Any bonds bearing the signatures of officers in
office at the date of signing thereof shall be valid and binding for all
purposes, notwithstanding that before delivery thereof any or all such
persons whose signatures appear thereon shall cease to be such officers.
Signatures on bonds may be facsimile. Every home shall be financed by a
separate bond issue.

With respect to instruments for the payment of money issued under this
Section or its predecessor either before, on, or after the effective date
of Public Act 86-4, it is and always has been the intention of the General
Assembly (i) that the Omnibus Bond Acts are and always have been
supplementary grants of power to issue instruments in accordance with the
Omnibus Bond Acts, regardless of any provision of this Division or "An Act
in relation to homes for the aged", approved July 21, 1959, that may appear
to be or to have been more restrictive than those Acts, (ii) that the
provisions of this Section or its predecessor are not a limitation on the
supplementary authority granted by the Omnibus Bond Acts, and (iii) that
instruments issued under this Section or its predecessor within the
supplementary authority granted by the Omnibus Bond Acts are not invalid
because of any provision of this Division or "An Act in relation to homes
for the aged", approved July 21, 1959, that may appear to be or to have
been more restrictive than those Acts.

(Source: P.A. 86-962; 86-1028.)

55 ILCS 5/5-22004

(55 ILCS 5/5-22004) (from Ch. 34, par. 5-22004)

Sec. 5-22004.

Rentals.

Whenever bonds are issued under this
Division, the county board shall establish rentals for the use of any home
sufficient at all times to pay maintenance and operation costs, and the
principal of and interest upon such bonds.

(Source: P.A. 86-962.)

55 ILCS 5/5-22005

(55 ILCS 5/5-22005) (from Ch. 34, par. 5-22005)

Sec. 5-22005.

Deposit of revenues.

Whenever revenue bonds are issued
under this Division, the revenues derived from the operation of the home
shall be set aside as collected and shall be deposited in a separate fund
in the county treasury and be used in paying the cost of maintenance and
operation of such home, and paying the principal of and interest upon the
bonds.

(Source: P.A. 86-962.)

55 ILCS 5/5-22006

(55 ILCS 5/5-22006) (from Ch. 34, par. 5-22006)

Sec. 5-22006.

Redemption of bonds with federal funds.

Bonds
issued under this Division may be redeemed in whole or in part with
any funds provided for such purpose by the government of the United States.

(Source: P.A. 86-962.)