Chapter 50 — LOCAL GOVERNMENT

(50 ILCS 470/105) Sec. 105. (Amendatory provisions; text omitted). (Source: P.A. 96-939, eff. 6-24-10; text omitted.)

(50 ILCS 470/15) Sec. 15. Establishment of STAR bond district. The governing body of a municipality may establish a STAR bond district within an eligible area within the municipality or partially outside the boundaries of the municipality in an unincorporated area of the county. …

(50 ILCS 470/20) Sec. 20. Approval of STAR bond projects. The governing body of a political subdivision may establish one or more STAR bond projects in any STAR bond district. A STAR bond project which is partially outside the boundaries of a municipality must also be approved by…

(50 ILCS 470/25) Sec. 25. Co-developers and subdevelopers. Upon approval of a STAR bond project by the political subdivision, the master developer may, subject to the approval of the Director and the political subdivision, develop the STAR bond project on its own or it may develo…

(50 ILCS 470/30) Sec. 30. STAR bonds; source of payment. Any political subdivision shall have the power to issue STAR bonds in one or more series to finance the undertaking of any STAR bond project in accordance with the provisions of this Act and the Omnibus Bond Acts. STAR bond…

(50 ILCS 470/31) Sec. 31. STAR bond occupation taxes. (a) If the corporate authorities of a political subdivision have established a STAR bond district and have elected to impose a tax by ordinance pursuant to subsection (b) or (c) of this Section, each year after the date of the…

(50 ILCS 470/33) Sec. 33. STAR Bonds School Improvement and Operations Trust Fund. (a) The STAR Bonds School Improvement and Operations Trust Fund is created as a trust fund in the State treasury. Deposits into the Trust Fund shall be made as provided under this Section. Moneys i…

(50 ILCS 470/35) Sec. 35. Alternate bonds and general obligation bonds. A political subdivision shall have the power to issue alternate revenue and other general obligation bonds to finance the undertaking, establishment, or redevelopment of any STAR bond project as provided and …

(50 ILCS 470/40) Sec. 40. Amendments to STAR bond district. Any addition of real property to a STAR bond district or any substantial change to a STAR bond district plan shall be subject to the same procedure for public notice, hearing, and approval as is required for the establis…

(50 ILCS 470/45) Sec. 45. Restrictions. STAR bond districts may lie within an enterprise zone, but no portion of a STAR bond project shall be financed with funds allocated pursuant to the Illinois Enterprise Zone Act. STAR bond districts may overlay and benefit from existing tax …

(50 ILCS 470/5) Sec. 5. Purpose. It is hereby found and declared that the purpose of this Act is to promote, stimulate, and develop the general and economic welfare of the State of Illinois and its communities and to assist in the development and redevelopment of major tourism, e…

(50 ILCS 470/50) Sec. 50. Reporting taxes. Notwithstanding any other provisions of law to the contrary, the Department of Revenue shall provide a certified report of the State sales tax increment and local sales tax increment from all taxpayers within a STAR bond district to the …

(50 ILCS 470/52) Sec. 52. Review committee. Upon the seventh anniversary of the first date of distribution of State sales tax revenues from the first STAR bond project in the State, a 6-member STAR bonds review committee shall be formed consisting of one appointee of each of the …

(50 ILCS 470/55) Sec. 55. Severability. If any provision of this Act or the application thereof to any persons or circumstances is held invalid, such invalidity shall not affect other provisions or application of the Act that can be given effect without the invalid provisions or …

(50 ILCS 470/57) Sec. 57. Rules. The Department of Revenue shall have the authority to adopt such rules as are reasonable and necessary to implement the provisions of this Act. Notwithstanding the foregoing, the Department of Revenue shall have the authority, prior to adoption an…

(50 ILCS 470/60) Sec. 60. Open meetings and freedom of information. All public hearings related to the administration, formation, implementation, development, or construction of a STAR bond district, STAR bond district plan, STAR bond project, or STAR bond project plan, including…

(50 ILCS 470/62) Sec. 62. Powers of political subdivisions. The provisions of this Act are intended to be supplemental and in addition to all other power or authority granted to political subdivisions, shall be construed liberally, and shall not be construed as a limitation of an…

(50 ILCS 470/63) Sec. 63. (Amendatory provisions; text omitted). (Source: P.A. 96-939, eff. 7-1-10; text omitted.)

(50 ILCS 470/64) Sec. 64. (Amendatory provisions; text omitted). (Source: P.A. 96-939, eff. 6-24-10; text omitted.)

(50 ILCS 470/65) Sec. 65. (Amendatory provisions; text omitted). (Source: P.A. 96-939, eff. 6-24-10; text omitted.)

(50 ILCS 470/66) Sec. 66. (Amendatory provisions; text omitted). (Source: P.A. 96-939, eff. 1-1-11; text omitted.)

(50 ILCS 470/67) Sec. 67. (Amendatory provisions; text omitted). (Source: P.A. 96-939, eff. 6-24-10; text omitted.)

(50 ILCS 470/70) Sec. 70. (Amendatory provisions; text omitted). (Source: P.A. 96-939, eff. 6-24-10; text omitted.)

(50 ILCS 470/75) Sec. 75. (Amendatory provisions; text omitted). (Source: P.A. 96-939, eff. 6-24-10; text omitted.)

(50 ILCS 470/80) Sec. 80. (Amendatory provisions; text omitted). (Source: P.A. 96-939, eff. 6-24-10; text omitted.)

(50 ILCS 470/85) Sec. 85. (Amendatory provisions; text omitted). (Source: P.A. 96-939, eff. 6-24-10; text omitted.)

(50 ILCS 470/90) Sec. 90. (Amendatory provisions; text omitted). (Source: P.A. 96-939, eff. 6-24-10; text omitted.)

(50 ILCS 470/995) Sec. 995. No acceleration or delay. Where this Act makes changes in a statute that is represented in this Act by text that is not yet or no longer in effect (for example, a Section represented by multiple versions), the use of that text does not accelerate or de…

(50 ILCS 470/999) Sec. 999. Effective date. This Act takes effect upon becoming law, except that Section 63 takes effect on July 1, 2010 and Section 66 takes effect January 1, 2011. (Source: P.A. 96-939, eff. 6-24-10.)

(50 ILCS 475/5-1) Sec. 5-1. Short title. This Act may be cited as the Statewide Innovation Development and Economy Act. References in this Article to "this Act" mean this Article. (Source: P.A. 104-453, eff. 12-12-25.)

(50 ILCS 475/5-10) Sec. 5-10. Definitions. In this Act: "Base year" means the calendar year immediately before the calendar year in which the Office of the Governor approves the first STAR bond project within the STAR bond district. "Commence work" means the manifest commencement…

(50 ILCS 475/5-100) Sec. 5-100. Powers of political subdivisions. The provisions of this Act are intended to be supplemental and in addition to all other power or authority granted to political subdivisions, shall be construed liberally, and shall not be construed as a limitation…

(50 ILCS 475/5-15) Sec. 5-15. Limitations on STAR bond districts and STAR bond projects. The Office of the Governor, in consultation with the Department, the Department of Revenue, and the Governor's Office of Management and Budget, shall have final approval of all STAR bond dist…

(50 ILCS 475/5-20) Sec. 5-20. Establishment of STAR bond district. (a) The corporate authorities of a municipality may establish a STAR bond district within an eligible area within the municipality or partially outside the boundaries of the municipality in an unincorporated area …

(50 ILCS 475/5-25) Sec. 5-25. Master developer standards. The master developer appointed for the STAR bond district shall meet high standards of creditworthiness and financial strength, as demonstrated by one or more of the following: (i) corporate debenture ratings of BBB or hig…

(50 ILCS 475/5-30) Sec. 5-30. Approval of STAR bond projects. (a) The corporate authorities of a political subdivision seeking to establish a STAR bond project in an approved STAR bond district must submit a proposed STAR bond project plan to the Department, the Department of Rev…

(50 ILCS 475/5-35) Sec. 5-35. Approval of STAR bond projects in NOVA districts. Notwithstanding any other provision of this Act, a STAR bond project may be approved within each STAR bond district designated as a NOVA district. Except as otherwise provided in this Act, approval of…

(50 ILCS 475/5-40) Sec. 5-40. Codevelopers and subdevelopers. (a) Upon approval of a STAR bond project by the political subdivision, the master developer may, subject to the approval of the State and the political subdivision, develop the STAR bond project on its own or it may de…

(50 ILCS 475/5-45) Sec. 5-45. STAR bonds; source of payment. (a) Any political subdivision shall have the power to issue STAR bonds in one or more series to finance the undertaking of any STAR bond project in accordance with the provisions of this Act and the Omnibus Bond Acts. A…

(50 ILCS 475/5-5) Sec. 5-5. Purpose; findings. (a) The General Assembly finds and declares that the purpose of this Act is to promote, stimulate, and develop the general and economic welfare of the State of Illinois and its communities and to assist in the development and redevel…

(50 ILCS 475/5-50) Sec. 5-50. STAR bond occupation taxes. (a) If the corporate authorities of a political subdivision have established a STAR bond district and have elected to impose a tax by ordinance under subsection (b) or (c) of this Section, each year after the date of the a…

(50 ILCS 475/5-55) Sec. 5-55. STAR Bonds School Improvement and Operations Trust Fund. (a) Deposits into the STAR Bonds School Improvement and Operations Trust Fund, established under Section 33 of the Innovation Development and Economy Act, shall be made as provided under this S…

(50 ILCS 475/5-60) Sec. 5-60. Alternate bonds and general obligation bonds. A political subdivision shall have the power to issue alternate revenue and other general obligation bonds to finance the undertaking, establishment, or redevelopment of any STAR bond project as provided …

(50 ILCS 475/5-65) Sec. 5-65. Amendments to STAR bond district. (a) Any addition of real property to a STAR bond district or any substantial change to a STAR bond district plan shall be subject to the same procedure for public notice, hearing, and approval, including approval by …

(50 ILCS 475/5-70) Sec. 5-70. Restrictions. STAR bond districts may lie within an enterprise zone. During any period of time that STAR bonds are outstanding for a STAR bond district, a developer may not use any land located in the STAR bond district for any retail store whose pri…

(50 ILCS 475/5-75) Sec. 5-75. Reporting taxes. (a) Notwithstanding any other provisions of law to the contrary, the Department of Revenue shall provide a certified report of the State sales tax increment and local sales tax increment from all taxpayers within a STAR bond district…

(50 ILCS 475/5-80) Sec. 5-80. Review committee. Upon the seventh anniversary of the first date of distribution of State sales tax increment from the first STAR bond project in the State under this Act, a 7-member STAR bonds review committee shall be formed consisting of one appoi…

(50 ILCS 475/5-85) Sec. 5-85. Severability. If any provision of this Act or the application thereof to any persons or circumstances is held invalid, such invalidity shall not affect other provisions or application of the Act that can be given effect without the invalid provisions…

(50 ILCS 475/5-90) Sec. 5-90. Rules. The Department and the Department of Revenue shall have the authority to adopt such rules as are reasonable and necessary to implement the provisions of this Act. Notwithstanding the foregoing, the Department and the Department of Revenue shal…

(50 ILCS 475/5-95) Sec. 5-95. Open meetings and freedom of information. All public hearings related to the administration, formation, implementation, development, or construction of a STAR bond district, STAR bond district plan, STAR bond project, or STAR bond project plan, inclu…