(330 ILCS 65/2) (from Ch. 126 1/2, par. 59)
Sec. 2.
The assistance granted shall be in the form of a single
lump-sum payment to the veteran in the following amount, but shall in no
event exceed the sum of $15,000:
(a) Where the veteran elects to construct a housing unit on land to
be acquired by him or acquired after his application for federal
assistance, the amount of State assistance shall be 25% of the total
cost of the housing unit and the necessary land upon which it is to be
located.
(b) Where the veteran elects to construct a housing unit on land
acquired by him prior to his application for federal assistance, the
amount of State assistance shall be 25% of the total cost of the housing
unit and the land necessary for such housing unit; but if the federal
government pays 50% of the total cost of the housing unit plus the full
amount of the unpaid balance, if any, of the cost to the veteran of the
land necessary for such housing unit, or if there is no such unpaid
balance remaining, then the amount of State assistance shall be 25% of
the total cost of the housing unit only.
(c) Where the veteran elects to remodel a dwelling, which is not
adapted to the requirements of his disability, acquired by him prior to
his application for federal assistance, the amount of State assistance
shall be 25% of the cost of such remodeling, plus 25% of the cost of the
dwelling and the necessary land upon which it is situated; but if the
federal government pays 50% of the cost of remodeling plus the full
amount of the unpaid balance, if any, of the cost of such dwelling and
the necessary land upon which it is situated, or if there is no such
unpaid balance remaining, then the amount of State assistance shall be
25% of the cost of remodeling only.
(d) Where the veteran has acquired a suitable housing unit, the
amount of State assistance shall be 25% of the cost of such housing unit
and the necessary land upon which it is located; but if the federal
government pays the full amount of the unpaid balance, if any, of the
cost of such housing unit and the necessary land upon which it is
situated, or if there is no such unpaid balance remaining, no State
assistance shall be granted.
(Source: P.A. 91-216, eff. 1-1-00.)
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