(315 ILCS 25/6b) (from Ch. 67 1/2, par. 91.13b)
Sec. 6b.
For the purpose of aiding in the planning, undertaking or carrying
out of a conservation plan for a conservation area, the governing body of
the municipality, after public hearing, may direct the Conservation Board
to enter into co-operation and conveyance agreements with any hospital or
educational institution of higher learning, both public and private, or any
private corporation acting on behalf of such institutions, respecting the
redevelopment or renewal or conservation of conservation areas embracing,
adjacent to, or in the immediate vicinity of such hospital, educational
institution or a major branch thereof and may, in addition to its other
powers and upon such terms, with or without consideration, as it may
determine, perform such co-operation and conveyance agreements and do and
perform any or all of the actions or things necessary or desirable to
assure that the municipality obtains credit as a local grant-in-aid for the
aggregate amount of expenditures made by any such hospital, educational
institution, or private corporation acting on behalf of such institutions,
which would be eligible as such under Title I of the Federal Housing Act of
1949, as amended.
(Source: Laws 1961, p. 3617.)
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