SB2065 EngrossedLRB102 16925 KTG 22338 b

1    AN ACT concerning State government.
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4    Section 5. The Illinois Housing Development Act is amended
5by changing Section 22 as follows:
6    (20 ILCS 3805/22)  (from Ch. 67 1/2, par. 322)
7    Sec. 22. (a) The Authority shall not have outstanding at
8any one time bonds and notes for any of its corporate purposes
9in an aggregate principal amount exceeding $7,200,000,000
10$3,600,000,000, excluding bonds and notes issued to refund
11outstanding bonds and notes.
12    (b) Of the authorized aggregate principal amount of
13$7,200,000,000 $3,600,000,000 provided for by this Section,
14the amount of $150,000,000 shall be used for the purposes
15specified in Sections 7.23 and 7.24 of this Act.
16    (c) Of the $1,000,000,000 authorized by this amendatory
17Act of 1985, an amount not less than $100,000,000 shall be
18reserved for financing developments which involve the
19rehabilitation of dwelling accommodations, subject to the
20occupancy reservation of low or moderate income persons or
21families as provided in this Act.
22(Source: P.A. 87-250; 87-884; 88-93.)