Illinois § 35-50.1
Full text of Illinois Illinois Compiled Statutes § 35-50.1, with citation guidance and answers to common questions.
§ 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.)
Frequently Asked Questions About Illinois § 35-50.1
What does Illinois Compiled Statutes § 35-50.1 cover?
Section 35-50.1 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 35-50.1?
A common citation format is "Illinois Compiled Statutes § 35-50.1" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 35-50.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.