2023 Illinois Compiled Statutes › Chapter 310 - HOUSING › 310 ILCS 30/ - Redevelopment Project Rehousing and Capital Improvements Act.

(310 ILCS 30/0.01) (from Ch. 67 1/2, par. 91.990)
Sec. 0.01. 
		Short title. 
		This Act may be cited as the
Redevelopment Project Rehousing and Capital Improvements Act.
(Source: P.A. 91-632, eff. 8-19-99.)
(310 ILCS 30/1) (from Ch. 67 1/2, par. 92)
Sec. 1. 
The State shall contribute to the rehousing of persons of low
income residing in the areas of redevelopment projects in the manner provided by this Act.
(Source: P.A. 102-510, eff. 8-20-21.)
(310 ILCS 30/2)
Sec. 2. (Repealed).
(Source: P.A. 94-973, eff. 5-19-06. Repealed by P.A. 102-276, eff. 8-6-21.)
(310 ILCS 30/3) (from Ch. 67 1/2, par. 94)
Sec. 3. 
		
		A housing authority, in the development and management of any
housing project developed in whole or in part with grants from the funds
appropriated for this Act, shall conform with following standards;
(1) Any such project shall not be of elaborate or expensive design or
materials and shall be planned and developed to promote economy both in
construction and administration.
(2) The average construction cost of dwelling accommodations (exclusive
of land and site clearance) in any such project shall not be greater than
the average construction cost of dwelling accommodations currently produced
by private enterprise in the area of operation of the housing authority
undertaking such project, under the legal building requirements applicable
to the proposed site, and under labor standards not lower than those
applicable to such project.
(3) Rentals shall be fixed and tenants selected in accordance with the
provisions of the Housing Authorities Act; provided that first preference
for occupancy shall be granted to eligible persons from the area of the
redevelopment project that cannot otherwise be rehoused in decent, safe and
uncongested dwelling accommodations within their financial reach and that
such preference shall continue until such persons are rehoused.
(Source: Laws 1947, p. 1089.)
(310 ILCS 30/4) (from Ch. 67 1/2, par. 95)
Sec. 4. 
		
		Every city, village and incorporated town is authorized and
empowered to incur indebtedness and issue bonds in such amount or amounts
as the corporate authorities of the municipality deem necessary for the
purpose of raising funds to be paid to a housing authority whose area of
operation includes that municipality for the rehousing of persons of
low-income residing within the area of a redevelopment project situated in
that municipality. The ordinance authorizing the issuance of such bonds
shall specify the total amount of bonds to be issued, the form and
denomination of the bonds, the date they are to bear, the place at which
they are payable, the date or dates of maturity which shall not be later
than twenty (20) years after the date the bonds bear, the rate of interest
which shall not exceed the maximum rate authorized by the Bond Authorization
Act, as amended at the time of the making of the contract, and the dates on
which interest is payable. The bonds shall be executed by such officials as
may be provided in the ordinance authorizing their issue. They may be made
registerable as to principal and may be made callable on any interest
payment date at par and accrued interest after notice has been given at the
time and in the manner provided in the bond ordinance. The bonds shall
remain valid even though one or more of the officers executing the bonds
ceases to hold his or their offices before the bonds are delivered.
The bonds shall be sold to the highest and best bidder at not less than
their par value and accrued interest. The municipality shall, from time to
time as bonds are to be sold, advertise for proposals to purchase the
bonds. Each such advertisement may be published in such newspapers and
journals as the governing body of the municipality may determine but must
be published at least once in a newspaper having a general circulation in
the municipality at least ten days prior to the date of the opening of the
bids. The municipality may reserve the right to reject any and all bids and
readvertise for bids.
The ordinance authorizing the bonds shall prescribe all the details
thereof and shall provide for the levy and collection of a direct annual
tax upon all the taxable property within the municipality sufficient to pay
the principal thereof and interest thereon as it matures. This tax shall be
in addition to and exclusive of the maximum of all other taxes authorized
to be levied by the municipality. Tax limitations provided by other
statutes of this State shall not apply to taxes levied for payment of these
bonds. A certified copy of the bond ordinance shall be filed with the
County Clerk of the county in which the municipality or any portion thereof
is situated and shall constitute the authority for the extension and
collection of such taxes.
If there is no default in payment of the principal or interest upon the
bonds, and if after setting aside a sum of money equal to the amount of
interest that will accrue on the bonds and a sum of money equal to the
amount of principal that will become due thereon within the next six (6)
months' period, the treasurer and comptroller, if there is a comptroller,
of the municipality shall use the money available from the proceeds of the
taxes levied for the payment of the bonds in calling them for payment, if
by their terms they are subject to redemption. A municipality may provide
in the bond ordinance that whenever the municipality is not in default in
payment of the principal of or interest on the bonds and has set aside the
sums of money provided in this paragraph for interest accruing and
principal maturing within the next six (6) months' period, the money
available from the proceeds of taxes levied for the payment of these bonds
shall be used first in the purchase of the bonds at the lowest price
obtainable, but not to exceed their par value and accrued interest, after
sealed tenders for their purchase have been advertised for as may be
directed by the corporate authorities thereof.
Bonds called for payment and paid or purchased under this Section shall
be marked paid and cancelled.
Whenever any bonds are purchased or redeemed and cancelled, the taxes
thereafter to be extended for payment of the principal of and interest on
the remainder of the issue shall be reduced in an amount equal to the
principal of and the interest that would have thereafter accrued upon the
bonds so cancelled. A resolution shall be adopted by the corporate
authorities of the municipality finding these facts. A certified copy of
this resolution shall be filed with the County Clerk of the county in which
the municipality, or any portion thereof, is situated, whereupon the County
Clerk shall reduce and extend such tax levies in accordance therewith.
The ordinance may provide for the creation of a sinking fund to consist
of the proceeds of taxes levied for the payment of the principal of and
interest upon these bonds. This fund shall be faithfully applied to the
purchase or payment of the bonds, and interest thereon, issued pursuant to
the provisions of this Act.
Bonds issued by a municipality for the purposes herein set forth shall
not be in excess of any existing statutory limitation on municipal
indebtedness, nor shall any municipality by the issuance of the bonds
provided for in this Act be allowed to become indebted in any manner or for
any purpose to an amount including existing indebtedness in the aggregate
exceeding five per centum (5%) on the value of taxable property therein to
be ascertained by the last assessment for State and county taxes previous
to the incurring of such indebtedness.
No ordinance providing for the issuance of such bonds shall be effective
until it has been submitted to referendum of, and approved by, the electors
of that municipality in accordance with the provisions of Sections 8-4-1
and 8-4-2 of the Illinois Municipal Code, as heretofore and hereafter
amended.
In addition to the power to issue bonds as herein provided, every city,
village and incorporated town is authorized and empowered to appropriate
and pay to a housing authority whose area of operation includes that
municipality, available funds for the purpose of rehousing persons of
low-income residing within the area of a redevelopment project situated in
that municipality as provided in this Act, including the proceeds of bonds
issued pursuant to the corporate powers specified in Section 11-11-1 of the
Illinois Municipal Code, as heretofore and hereafter amended.
A city, village or incorporated town may make payments to a housing
authority for the purposes specified in this Act even though such payments
are not to be matched by state funds.
Every city, village and incorporated town is authorized to accept
donations from individuals, associations and corporations and to pay the
same into the separate fund of the housing authority whose area of
operation includes such municipality.
With respect to instruments for the payment of money issued under this
Section either before, on, or after the effective date of this amendatory
Act of 1989, 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 Act that may appear
to be or to have been more restrictive than those Acts, (ii) that the
provisions of this Section are not a limitation on the supplementary
authority granted by the Omnibus Bond Acts, and (iii) that instruments
issued under this Section within the supplementary authority granted
by the Omnibus Bond Acts are not invalid because of any provision of
this Act that may appear to be or to have been more restrictive than
those Acts.
(Source: P.A. 86-4.)