{"data":{"id":"us-il/310-ilcs-130-15","jurisdiction":"us-il","citation":"310 ILCS 130/15","heading":"Definitions.","body":"As used in this Act:\n\"501(c)(3) organization\" means a nonprofit organization that is exempt or qualified for exemption from taxation under Section 501(c)(3) of the Internal Revenue Code of 1986.\n\"Community land trust\" means a 501(c)(3) organization governed by a board of community land trusts residents, community residents, and public representatives that provide permanent or long-term affordability and shared equity homeownership opportunities.","path":["CHAPTER 310 HOUSING","Community Land Trust Home Ownership Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=4629\u0026ChapterID=29\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:33Z","sha256":"ed920ce268d821c1b6b72255fd25f01f879971720dbd56bbf95e9c8043e737f7","source_id":"us-il","stale":false,"prev":"us-il/310-ilcs-130-10","next":"us-il/310-ilcs-130-20"},"notice":"GroundRules: Original legal text. Not legal advice."}