Illinois General Assembly

  Bills & Resolutions  
  Compiled Statutes  
  Public Acts  
  Legislative Reports  
  IL Constitution  
  Legislative Guide  
  Legislative Glossary  

 Search By Number
 (example: HB0001)
Search Tips

Search By Keyword

Illinois Compiled Statutes

 ILCS Listing   Public Acts  Search   Guide   Disclaimer

Information maintained by the Legislative Reference Bureau
Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

310 ILCS 60/3

    (310 ILCS 60/3) (from Ch. 67 1/2, par. 1153)
    Sec. 3. Definitions. As used in this Act:
    (a) "IHDA" means the Illinois Housing Development Authority.
    (b) (Blank).
    (c) (Blank).
    (d) "Owner" means the person, partnership, or corporation that holds title to an assisted housing development.
    (e) "Assisted housing" or "assisted housing development" means a rental housing development, or a mixed use development that includes rental housing, that receives government assistance under any of the following programs:
        (1) New construction, substantial rehabilitation,
moderate rehabilitation, property disposition and loan management set-aside programs, or any other program providing project-based rental assistance, under Section 8 of the United States Housing Act of 1937, as amended.
        (2) The Below-Market-Interest-Rate Program under
Section 221(d)(3) of the National Housing Act.
        (3) Section 236 of the National Housing Act.
        (4) Section 202 of the National Housing Act.
        (5) Programs for rent supplement assistance under
Section 101 of the Housing and Urban Development Act of 1965, as amended.
        (6) Programs under Section 514 or 515 of the Housing
Act of 1949.
        (7) Section 42 of the Internal Revenue Code.
    (f) "Tenant" means a tenant, subtenant, lessee, sublessee or other person entitled to possession, occupancy or benefits of a rental unit within the assisted housing.
    (g) "Tenant Association" means an association, corporation or other organization that represents at least a majority of the tenants in the assisted housing building.
    (h) "Prepayment" means the payment in full or refinancing of the federally insured or federally held mortgage indebtedness prior to its original maturity date, or the voluntary cancellation of mortgage insurance, on an assisted housing development described in paragraph (2), (3), or (4) of subsection (e) that would have the effect of removing the affordability restrictions applicable to the assisted housing development under the programs described in paragraph (2), (3), or (4) of subsection (e).
    (i) "Termination" means:
        (1) the expiration or early termination of an
assisted housing development's participation in a federal subsidy program for assisted housing described in paragraph (1) of subsection (e), or
        (2) the expiration or early termination of an
assisted housing development's affordability restrictions described in Section 42(g) of the Internal Revenue Code for assisted housing described in paragraph (7) of subsection (e), when that event results in an increase in tenant rents, a change in the form of subsidy from project-based to tenant-based, or a change in use of the assisted housing development to a use other than rental housing.
    (j) "Affected public entities" means: the mayor of the city in which the assisted housing development is located or, if the development is located in an unincorporated area, the chairperson of the county board; the public housing authority in whose jurisdiction the assisted housing development is located, if any; and IHDA.
    (k) "Affordability restrictions" means limits on rents that owners may charge for occupancy of a rental unit in assisted housing and limits on tenant income for persons or families seeking to qualify as tenants in assisted housing.
(Source: P.A. 93-727, eff. 7-14-04.)