(20 ILCS 3805/7.22a) (from Ch. 67 1/2, par. 307.22a)
Sec. 7.22a.
The Authority may act as a developer of land or structures to provide
developments, community facilities or housing related commercial
facilities. For that purpose it may utilize its various powers, including
without limitation, acquiring, constructing, rehabilitating and equipping
developments and facilities, granting mortgages or other security interests
in them or disposing of them. It may be a partner in a partnership or
limited partnership, a participant
in joint ventures for that purpose and may participate in the syndication
of partnership interests and may contribute funds in respect of its
interests in partnerships or joint ventures.
(Source: P.A. 83-1251.)
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