{"data":{"id":"us-il/65-ilcs-5-11-74.5-13","jurisdiction":"us-il","citation":"65 ILCS 5/11-74.5-13","heading":"","body":"Notwithstanding the provisions of any other Act, a member of the corporate authorities, or an officer or employee of the municipality, may be an officer, employee or stockholder of a lending institution or lender participating in a residential housing finance plan of the corporate authorities provided such member (if a member of such corporate authorities) declares such position or interest at a regular meeting of the corporate authorities prior to passage of an ordinance establishing the plan and abstains from voting on such ordinance.","path":["CHAPTER 65 MUNICIPALITIES","Illinois Municipal Code."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=802\u0026ChapterID=14\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:23Z","sha256":"d608a1839965766730208c5cb631099994251ead265273107e0a9946ee16f436","source_id":"us-il","stale":false,"prev":"us-il/65-ilcs-5-11-74.5-12","next":"us-il/65-ilcs-5-11-74.5-14"},"notice":"GroundRules: Original legal text. Not legal advice."}