Illinois Code § 35-50.1
Illinois Code § 35-50.1. Reproduced from the official Illinois Compiled Statutes, with a citation summary, verification link, and related provisions.
§ 35-50.1.
Senior citizens' housing. A township may construct, purchase, improve, extend, or equip senior citizens' housing. The township board shall have the power to do the following: (1) Own and manage residential rental property for senior citizens. (2) Donate township land for senior citizens' housing. (3) Expend township funds for the construction, financing, purchase, improvement, equipping, or management of senior citizens' housing. (4) Employ or contract with management firms to aid the township board in managing the senior citizens' housing. (5) Make contracts necessary in the exercise of its powers under Sections 35-50.1 through 35-50.6. (6) Enter into agreements with other governmental units to finance residential rental property for senior citizens. (7) Issue revenue bonds payable solely from the net revenue derived from the operation of the senior citizens' housing. (Source: P.A. 87-922; 88-62.)
Source: official Illinois text · Last verified 2026-08-27
At a glance
- Citation: Illinois Compiled Statutes § 35-50.1
- Jurisdiction: Illinois
- Code: Illinois Compiled Statutes
- Text: transcribed from the official source (verify below)
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Common questions
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The text above is transcribed from the Illinois Compiled Statutes, the codified statutes of Illinois. The official publisher link appears under "Verify the text" on this page.
What subject does Illinois Compiled Statutes § 35-50.1 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
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