Illinois General Assembly - Illinois Compiled Statutes

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70 ILCS 3605/15

(70 ILCS 3605/15) (from Ch. 111 2/3, par. 315)

Sec. 15.

The Authority shall have power to apply for and accept grants and
loans from the Federal Government or any agency or instrumentality thereof, from the State, or from any county, municipal corporation or other political subdivision of the State
to be used for any of the purposes of the Authority, including, but not by
way of limitation, grants and loans in aid of mass transportation and for
studies in mass transportation, and may provide matching funds when
necessary to qualify for such grants or loans. The Authority may enter into
any agreement with the Federal Government, the State, and any county, municipal corporation or other political subdivision of the State in relation to such grants or
loans; provided that such agreement does not conflict with any of the
provisions of any trust agreement securing the payment of bonds or
certificates of the Authority.

The Authority may also accept from the state, or from any county or
other political subdivision, or from any municipal corporation, or school
district, or school authorities, grants or other funds authorized by law to
be paid to the Authority for any of the purposes of this Act.

(Source: P.A. 95-708, eff. 1-18-08.)