The Authority may also invest any funds in such investments as may be lawful for fiduciaries in this State. The Authority may also invest any funds in such investments as may be lawful for State or nationally-chartered banks, State or federally-chartered savings and loan associations or fiduciaries subject to the Employee Retirement Income Security Act of 1974.
20 ILCS 3805/7.13
The Authority may invest any funds in mortgage participation certificates representing undivided interests in specified, first-lien conventional residential Illinois mortgages which are underwritten, insured, guaranteed or purchased by the Federal Home Loan Mortgage Corporation
Known as the Illinois Housing Development Act
The act spans §§ 20-3805-1 to 20-3805-9 (82 sections).
P.A. 87-250.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.