Illinois Statutes Chapter 310. Housing § 20/4. Deposit of grants; conditions of grants

§ 4. Grants paid to Land Clearance Commissions pursuant to this Act shall be deposited in a separate fund. If any such Land Clearance Commission has received state or municipal grants under the Blighted Areas Redevelopment Act of 1947 (repealed)  1 prior to the effective date of this amendatory Act of the 102nd General Assembly, the sum paid under this Act shall be deposited in the separate fund into which such other grants were placed for use in connection with any redevelopment project or projects undertaken by such commission. No grant to a Land Clearance Commission hereunder shall be conditioned upon the matching thereof by the municipality in which the redevelopment project is located.