(65 ILCS 5/11-122.1-4)
(from Ch. 24, par. 11-122.1-4)
A municipality may apply for and accept loans, grants, services, or
other financial assistance from, and may participate in projects of, the
United States of America, or any agency or instrumentality thereof, under
the Federal "Urban Mass Transportation Act of 1964", as now or hereafter
amended, or similar Federal mass transportation acts, and may enter into
and carry out contracts in connection therewith.
This Section applies to any contract which is otherwise valid and made
for the purposes authorized in this Section, even though the contract was
executed before the effective date of this amendatory Act of 1969 or the
municipality made no appropriation for the contract before it was executed
either before or after the effective date of this amendatory Act.
(Source: P.A. 76-100.)