Chapter 50 — LOCAL GOVERNMENT

(50 ILCS 415/3) (from Ch. 85, par. 4403) Sec. 3. Nothing in this Act shall be construed to permit any invested or reinvested moneys or cash equivalents or any income or profit derived therefrom to be transmitted out of any escrow established pursuant to Section 2 of this Act unti…

(50 ILCS 420/0.01) (from Ch. 85, par. 820) Sec. 0.01. Short title. This Act may be cited as the Tax Anticipation Note Act. (Source: P.A. 86-1324.)

(50 ILCS 420/1) (from Ch. 85, par. 821) Sec. 1. As used in this Act "Unit of Government" means any county, municipality, township, special district or unit of local government designated as a unit of local government by law authorized to levy ad valorem taxes, or any school distr…

(50 ILCS 420/2) (from Ch. 85, par. 822) Sec. 2. Any Unit of Government may issue from time to time general obligation notes (hereinafter called the "Notes") in an amount including principal, interest thereon and costs of issuance thereof not to exceed 85% of the taxes levied, for…

(50 ILCS 420/3) (from Ch. 85, par. 823) Sec. 3. The Notes shall bear interest at a rate or rates not to exceed that permitted in "An Act to authorize public corporations to issue bonds, other evidences of indebtedness and tax anticipation warrants subject to interest rate limitat…

(50 ILCS 420/4) (from Ch. 85, par. 824) Sec. 4. Adoption of ordinance or resolution. In order to authorize and issue the Notes the Governing Body shall adopt an ordinance (or resolution where appropriate) fixing the amount of Notes, the date thereof, the maturity thereof, rate of…

(50 ILCS 420/4.1) (from Ch. 85, par. 824.1) Sec. 4.1. (a) The purpose of this Section is to provide a means for units of local government and school districts to finance anticipated cash flow deficits by issuing notes to anticipate the personal property tax replacement taxes. (b)…

(50 ILCS 420/5) (from Ch. 85, par. 825) Sec. 5. From and after the Notes have been issued as provided for by this Act, while the Notes are outstanding, it shall be the duty of the county clerk, in computing the tax rate for the specific funds for which Notes authorized by this Ac…

(50 ILCS 420/6) (from Ch. 85, par. 826) Sec. 6. The Notes shall be executed in the name of the Unit of Government by manual or facsimile signatures of such officials of the Unit of Government as may be designated by the ordinance (or resolution where appropriate). At least one si…

(50 ILCS 420/7) (from Ch. 85, par. 827) Sec. 7. The Notes may be issued in excess of any statutory limitation as to debt and shall not operate to reduce the debt incurring power otherwise authorized for any such unit of government. This Act shall not be construed to limit in any …

(50 ILCS 420/8) (from Ch. 85, par. 828) Sec. 8. This Act without reference to any other statute, shall be deemed full and complete authority for the issuance of the Notes as hereinabove provided and shall be construed as an additional or alternate method thereof. (Source: P.A. 77…

(50 ILCS 420/9) (from Ch. 85, par. 829) Sec. 9. If any Section, sentence, or clause of this Act is for any reason held invalid or to be unconstitutional, such decision shall not affect the validity of the remaining portions of this Act. (Source: P.A. 77-2125.)

(50 ILCS 425/0.01) (from Ch. 85, par. 831) Sec. 0.01. Short title. This Act may be cited as the Revenue Anticipation Act. (Source: P.A. 86-1324.)

(50 ILCS 425/1) (from Ch. 85, par. 831-1) Sec. 1. This Act shall be construed as cumulative authority and not as a repeal of any existing statute authorizing the issuance of obligations to anticipate revenue from any source including, but not limited to, federal aid, State revenu…

(50 ILCS 425/10) (from Ch. 85, par. 831-10) Sec. 10. Notes issued under the provisions of this Act shall be incontestable after authentication by the treasurer and delivery to a purchaser for a valuable consideration, and in like manner and to like extent as though the same were …

(50 ILCS 425/11) (from Ch. 85, par. 831-11) Sec. 11. Any official of the unit of local government or school district, as the case may be, who votes for or otherwise influences the issuance of notes under this Act in excess of the limitations herein provided shall be liable for tw…

(50 ILCS 425/12) Sec. 12. Anticipation of certain federal revenues. In the event the anticipated revenues under this Act are proceeds or receipts of a loan or grant, or both, from a federal agency in connection with waterworks or wastewater facilities, or both, and related facili…

(50 ILCS 425/2) (from Ch. 85, par. 831-2) Sec. 2. Whenever there are not sufficient funds on hand to pay obligations and the governing body of the unit of local government or school district shall deem it for the best interest of the unit of local government or school district, a…

(50 ILCS 425/3) (from Ch. 85, par. 831-3) Sec. 3. Notes issued under this Act shall be due not more than 12 months from the date of issue and shall be payable in accordance with the resolution adopted by the governing body providing for the issuance of the notes or warrants. Note…

(50 ILCS 425/4) (from Ch. 85, par. 831-4) Sec. 4. A certified copy of the resolution adopted pursuant to the provisions of this Act, together with such other showings as may be deemed proper in the particular case shall be filed with the treasurer. There shall also be presented t…

(50 ILCS 425/5) (from Ch. 85, par. 831-5) Sec. 5. Whenever satisfactory showings as prescribed by this Act shall have been filed with the treasurer he shall examine the same and if found to be in compliance with this Act he shall endorse on the back of each note his certificate o…

(50 ILCS 425/6) (from Ch. 85, par. 831-6) Sec. 6. The treasurer shall keep a registry of each series of notes so issued, together with a copy thereof. (Source: P.A. 83-1521.)

(50 ILCS 425/7) (from Ch. 85, par. 831-7) Sec. 7. Anticipatory obligations issued against such expected revenues for any purpose shall not be in excess of 85% of such revenues. (Source: P.A. 83-1521.)

(50 ILCS 425/8) (from Ch. 85, par. 831-8) Sec. 8. It is hereby made the duty of the treasurer authenticating any note issued under the provisions of this Act, as and when revenues so anticipated are received by him, to promptly transmit to the bank designated in the notes as the …

(50 ILCS 425/9) (from Ch. 85, par. 831-9) Sec. 9. Whenever funds are available for the payment of notes issued under the provisions of this Act the treasurer shall transmit the same to the bank designated in the note as the place of payment together with written advice that funds…

(50 ILCS 430/0.01) (from Ch. 146 1/2, par. 0.01) Sec. 0.01. Short title. This Act may be cited as the Warrants and Jurors Certificates Act. (Source: P.A. 86-1324.)

(50 ILCS 430/1) (from Ch. 146 1/2, par. 1) Sec. 1. No warrant payable on demand shall hereafter be drawn upon the treasurer of any county, township, or other municipal corporation, or against any fund in his possession unless at the time of the drawing there is sufficient money i…

(50 ILCS 430/2) (from Ch. 146 1/2, par. 2) Sec. 2. Whenever a county, township, sanitary district, or other municipal corporation, a quasi municipal corporation, farm drainage district, river district, drainage and levee district, or fire protection district, does not have suffic…

(50 ILCS 430/3) (from Ch. 146 1/2, par. 3) Sec. 3. Each warrant issued under this Act may be made payable at the time fixed in the warrant and shall bear interest, payable only out of the taxes against which it is drawn, at a rate of interest specified in the warrant but not exce…

(50 ILCS 440/0.01) (from Ch. 85, par. 860) Sec. 0.01. Short title. This Act may be cited as the Local Government Bond Validity Act. (Source: P.A. 86-1324.)

(50 ILCS 440/1) (from Ch. 85, par. 861) Sec. 1. The validity of any bond, interest coupon or certificate of indebtedness legally authorized and issued by any county, city, village, incorporated town, township, school district, park district, road district, drainage district, sani…

(50 ILCS 445/1) (from Ch. 85, par. 871) Sec. 1. This Act shall be known and may be cited as the "Industrial Building Revenue Bond Act." (Source: Laws 1967, p. 2135.)

(50 ILCS 445/10) (from Ch. 85, par. 880) Sec. 10. The governing body of an authority that issues bonds pursuant to this Act shall establish and collect revenues for industrial projects and shall revise the revenues when necessary to insure that the income from the revenues is alw…

(50 ILCS 445/11) (from Ch. 85, par. 881) Sec. 11. Revenue bonds issued solely for the purpose of financing an industrial project may be sold at private sale without advertisement. The bonds may be issued without submitting any proposition to the electorate by referendum. (Source:…

(50 ILCS 445/2) (from Ch. 85, par. 872) Sec. 2. Definitions. In this Act, unless a different meaning clearly appears from the context: (a) "Authority" means any county, county public building commission in a county bordered by the Mississippi River and having a population greater…

(50 ILCS 445/3) (from Ch. 85, par. 873) Sec. 3. It is the purpose of this Act to relieve unemployment and underemployment, to aid in the reemployment of persons returning to civilian life from military service and to encourage the increase of industry and commerce in this State, …

(50 ILCS 445/4) (from Ch. 85, par. 874) Sec. 4. An authority is empowered by this Act to: (a) Build, rebuild, acquire by gift or purchase, improve or extend an industrial project within and outside of the physical boundaries of the authority. However, the power to build, rebuild,…

(50 ILCS 445/5) (from Ch. 85, par. 875) Sec. 5. Exercise of the powers enumerated in Section 4 of this Act shall be by resolution adopted by a majority of the members of the governing body of the authority. The bonds shall bear interest at such rate or rates without regard to any…

(50 ILCS 445/6) (from Ch. 85, par. 876) Sec. 6. A resolution authorizing issuance of bonds pursuant to this Act may contain covenants as to (a) the use and disposition of the income and revenues from industrial projects for which the bonds are issued, including the creation and m…

(50 ILCS 445/7) (from Ch. 85, par. 877) Sec. 7. Bonds issued under authority of this Act bearing signatures of persons who are officers of the authority on the date of issuance are valid and binding obligations even if at the time the bonds are delivered and paid for any of the p…

(50 ILCS 445/8) (from Ch. 85, par. 878) Sec. 8. The holders of bonds issued under this Act possess a lien on the income and revenues derived by an authority from the industrial projects for which the bonds are issued. The governing body of the authority may provide, in the resolu…

(50 ILCS 445/9) (from Ch. 85, par. 879) Sec. 9. No holder of bonds issued under authority of this Act may compel the exercise of the taxing power of the authority issuing the bonds to pay the principal or interest due on them. The bonds do not evidence a debt of the authority iss…

(50 ILCS 450/1) (from Ch. 85, par. 921) Sec. 1. This Act shall be known and may be cited as the "Medical Service Facility Act". (Source: P.A. 76-660.)

(50 ILCS 450/10) (from Ch. 85, par. 930) Sec. 10. The corporate authority may mortgage the medical service facility in favor of the holders of bonds issued under this Act. Property acquired under this Act is exempt from taxation. (Source: P.A. 76-660.)

(50 ILCS 450/2) (from Ch. 85, par. 922) Sec. 2. As used in this Act, unless the context otherwise requires, the terms specified in Sections 2.1 through 2.3 have the meanings ascribed to them in those Sections. (Source: P.A. 76-660.)

(50 ILCS 450/2.1) (from Ch. 85, par. 922.1) Sec. 2.1. "Corporate authority" means the county board of a county, the city council of a city, or the board of trustees of a village or incorporated town. (Source: P.A. 86-1028.)

(50 ILCS 450/2.2) (from Ch. 85, par. 922.2) Sec. 2.2. "Medical service facility" means any building set aside for use as a medical or dental office or clinic, including the land appurtenant thereto and furnishings and equipment useful for its function. (Source: P.A. 76-660.)

(50 ILCS 450/2.3) (from Ch. 85, par. 922.3) Sec. 2.3. "Doctor" means a person licensed to practice medicine in all of its branches or dentistry in this State. (Source: P.A. 76-660.)

(50 ILCS 450/3) (from Ch. 85, par. 923) Sec. 3. The purpose of this Act is to enable local governmental units to serve the needs of the public more effectively in the several communities of this State in which the health and welfare of the people are endangered by the lack of ade…

(50 ILCS 450/4) (from Ch. 85, par. 924) Sec. 4. The corporate authority of any county having less than 200,000 inhabitants or of any municipality may by resolution: (1) provide for the acquisition, construction and equipping of a medical service facility within the county or muni…