Illinois General Assembly - Illinois Compiled Statutes

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310 ILCS 10/8.4

(310 ILCS 10/8.4) (from Ch. 67 1/2, par. 8.4)

Sec. 8.4.

An Authority has power to borrow money upon its bonds,
notes, debentures, or other evidences of indebtedness and to secure the
same by pledges of its revenues, or in any other manner, and in
connection with any loan by a government, to agree to limitations upon
the exercise of any powers conferred upon the Authority by this Act; to
invest any funds held in reserves or sinking funds, or in any funds not
required for immediate disbursement in State or Federal securities; to
make grants, loans, and advances on such terms as the Authority shall
determine, subject to the approval of the Department, to any non-profit
corporation referred to in Section 9 in order
to assist such non-profit corporation in planning, preparing,
constructing, reconstructing or improving housing to provide an
additional supply of decent, safe and sanitary dwellings.

(Source: P.A. 81-1509.)