Chapter 65 — MUNICIPALITIES

(65 ILCS 5/11-74.4-3) (from Ch. 24, par. 11-74.4-3) (Text of Section before amendment by P.A. 104-457) Sec. 11-74.4-3. Definitions. The following terms, wherever used or referred to in this Division 74.4 shall have the following respective meanings, unless in any case a different…

(65 ILCS 5/11-74.4-3.1) Sec. 11-74.4-3.1. Redevelopment project area within an intermodal terminal facility area. (a) Notwithstanding any other provision of law to the contrary, if a municipality designates an area within the territorial limits of the municipality as an intermoda…

(65 ILCS 5/11-74.4-3.3) Sec. 11-74.4-3.3. Redevelopment project area within a transit facility improvement area. (a) As used in this Section: "Redevelopment project area" means the area identified in: the Chicago Union Station Master Plan; the Chicago Transit Authority's Red and …

(65 ILCS 5/11-74.4-3.5) (Text of Section from P.A. 104-322) Sec. 11-74.4-3.5. Completion dates for redevelopment projects. (a) Unless otherwise stated in this Section, the estimated dates of completion of the redevelopment project and retirement of obligations issued to finance r…

(65 ILCS 5/11-74.4-4) (from Ch. 24, par. 11-74.4-4) Sec. 11-74.4-4. Municipal powers and duties; redevelopment project areas. The changes made by this amendatory Act of the 91st General Assembly do not apply to a municipality that, (i) before the effective date of this amendatory…

(65 ILCS 5/11-74.4-4.1) Sec. 11-74.4-4.1. Feasibility study. (a) If a municipality by its corporate authorities, or as it may determine by any commission designated under subsection (k) of Section 11-74.4-4, adopts an ordinance or resolution providing for a feasibility study on t…

(65 ILCS 5/11-74.4-4.2) Sec. 11-74.4-4.2. Interested parties registry. On and after the effective date of this amendatory Act of the 91st General Assembly, the municipality shall by its corporate authority create an "interested parties" registry for activities related to the rede…

(65 ILCS 5/11-74.4-5) (from Ch. 24, par. 11-74.4-5) Sec. 11-74.4-5. Public hearing; joint review board. (a) The changes made by this amendatory Act of the 91st General Assembly do not apply to a municipality that, (i) before the effective date of this amendatory Act of the 91st G…

(65 ILCS 5/11-74.4-6) (from Ch. 24, par. 11-74.4-6) Sec. 11-74.4-6. (a) Except as provided herein, notice of the public hearing shall be given by publication and mailing; provided, however, that no notice by mailing shall be required under this subsection (a) with respect to any …

(65 ILCS 5/11-74.4-7) (from Ch. 24, par. 11-74.4-7) Sec. 11-74.4-7. Obligations secured by the special tax allocation fund set forth in Section 11-74.4-8 for the redevelopment project area may be issued to provide for redevelopment project costs. Such obligations, when so issued,…

(65 ILCS 5/11-74.4-7.1) Sec. 11-74.4-7.1. After the effective date of this amendatory Act of 1994 and prior to the effective date of this amendatory Act of the 91st General Assembly, a municipality with a population of less than 1,000,000, prior to construction of a new municipal…

(65 ILCS 5/11-74.4-8) (from Ch. 24, par. 11-74.4-8) Sec. 11-74.4-8. Tax increment allocation financing. A municipality may not adopt tax increment financing in a redevelopment project area after July 30, 1997 (the effective date of Public Act 90-258) that will encompass an area t…

(65 ILCS 5/11-74.4-8a) (from Ch. 24, par. 11-74.4-8a) Sec. 11-74.4-8a. (1) Until June 1, 1988, a municipality which has adopted tax increment allocation financing prior to January 1, 1987, may by ordinance (1) authorize the Department of Revenue, subject to appropriation, to annu…

(65 ILCS 5/11-74.4-8b) Sec. 11-74.4-8b. Cancellation and repayment of tax and other benefits. Any tax abatement or benefit granted by a taxing district under an agreement entered into under this Act to a private individual or entity for the purpose of originating, locating, maint…

(65 ILCS 5/11-74.4-8c) Sec. 11-74.4-8c. Enterprise zone abatements. If a redevelopment project area is or has been established under Section 11-74.4-4 on or before the effective date of this amendatory Act of 1997 and the redevelopment project area contains property that is locat…

(65 ILCS 5/11-74.4-8d) Sec. 11-74.4-8d. Website postings; municipalities of 1,000,000 or more. (a) In any municipality with a population of 1,000,000 or more, the following shall be posted on a website maintained by the municipality: (1) Any ordinance designating a redevelopment …

(65 ILCS 5/11-74.4-9) (from Ch. 24, par. 11-74.4-9) Sec. 11-74.4-9. Equalized assessed value of property. (a) If a municipality by ordinance provides for tax increment allocation financing pursuant to Section 11-74.4-8, the county clerk immediately thereafter shall determine (1) …

(65 ILCS 5/11-74.5-1) (from Ch. 24, par. 11-74.5-1) Sec. 11-74.5-1. This Division 74.5 may be referred to as the Municipal Housing Finance Law. (Source: P.A. 91-357, eff. 7-29-99.)

(65 ILCS 5/11-74.5-10) (from Ch. 24, par. 11-74.5-10) Sec. 11-74.5-10. Neither the members of the corporate authorities of a municipality, nor any official or employee thereof, nor any person executing bonds issued under this Division shall be liable personally for payment of the…

(65 ILCS 5/11-74.5-11) (from Ch. 24, par. 11-74.5-11) Sec. 11-74.5-11. One or more municipalities (whether or not any of them are home rule units) may join together or cooperate with one another in the exercise, either jointly or otherwise, of any one or more of the powers confer…

(65 ILCS 5/11-74.5-12) (from Ch. 24, par. 11-74.5-12) Sec. 11-74.5-12. Notwithstanding any other provision of law, bonds issued pursuant to this Division shall be legal investments for all trust funds, insurance companies, savings and loan associations, investment companies and b…

(65 ILCS 5/11-74.5-13) (from Ch. 24, par. 11-74.5-13) Sec. 11-74.5-13. 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 len…

(65 ILCS 5/11-74.5-14) (from Ch. 24, par. 11-74.5-14) Sec. 11-74.5-14. The powers conferred by this Division are in addition and supplemental to, and the limitations imposed by this Division shall not affect, the powers conferred upon municipalities by any other law. This Divisio…

(65 ILCS 5/11-74.5-15) (from Ch. 24, par. 11-74.5-15) Sec. 11-74.5-15. This Act is necessary for the health, welfare and safety of the State, its municipalities and its inhabitants; therefore, it shall be liberally construed to effect its purposes. (Source: P.A. 81-580.)

(65 ILCS 5/11-74.5-2) (from Ch. 24, par. 11-74.5-2) Sec. 11-74.5-2. Whenever used in this Division: (a) "Appraised value" means the fair market value of a home determined in accordance with generally accepted procedures and standards applicable to the appraisal of real property. …

(65 ILCS 5/11-74.5-3) (from Ch. 24, par. 11-74.5-3) Sec. 11-74.5-3. In addition to powers which a municipality may now have, municipalities have the following powers: (a) To acquire, and to contract and enter into advance commitments to acquire, directly or indirectly, home mortg…

(65 ILCS 5/11-74.5-4) (from Ch. 24, par. 11-74.5-4) Sec. 11-74.5-4. (Repealed). (Source: P.A. 82-783. Repealed by P.A. 90-706, eff. 8-7-98.)

(65 ILCS 5/11-74.5-5) (from Ch. 24, par. 11-74.5-5) Sec. 11-74.5-5. The exercise of any or all powers granted by this Division shall be authorized and the bonds shall be authorized to be issued under this Division for the purposes set forth in this Act, by an ordinance adopted by…

(65 ILCS 5/11-74.5-6) (from Ch. 24, par. 11-74.5-6) Sec. 11-74.5-6. Any ordinance authorizing the issuance of the bonds under this Division may contain covenants regarding (a) the use and disposition of the revenues and receipts from any home mortgage loans for which the bonds ar…

(65 ILCS 5/11-74.5-7) (from Ch. 24, par. 11-74.5-7) Sec. 11-74.5-7. The bonds shall bear the manual or facsimile signatures of such officers of a municipality as may be designated in the ordinance authorizing such bonds and such signatures shall constitute the valid and binding s…

(65 ILCS 5/11-74.5-8) (from Ch. 24, par. 11-74.5-8) Sec. 11-74.5-8. Any pledge made to secure bonds shall be valid and binding from the time when the pledge is made. The revenues and receipts or property or interests in property pledged and thereafter received by a municipality o…

(65 ILCS 5/11-74.5-9) (from Ch. 24, par. 11-74.5-9) Sec. 11-74.5-9. All bonds issued under this Division shall be limited obligations of the municipality issuing the same, payable solely from the (i) bond proceeds, (ii) revenues and receipts derived from the home mortgage loans o…

(65 ILCS 5/11-74.6-1) Sec. 11-74.6-1. Short Title. This Division 74.6 may be cited as the Industrial Jobs Recovery Law. (Source: P.A. 88-537.)

(65 ILCS 5/11-74.6-10) Sec. 11-74.6-10. Definitions. (a) "Environmentally contaminated area" means any improved or vacant area within the boundaries of a redevelopment project area located within the corporate limits of a municipality when, (i) there has been a determination of r…

(65 ILCS 5/11-74.6-15) Sec. 11-74.6-15. Municipal Powers and Duties. A municipality may: (a) By ordinance introduced in the governing body of the municipality within 14 to 90 days from the final adjournment of the hearing specified in Section 11-74.6-22, approve redevelopment pla…

(65 ILCS 5/11-74.6-18) Sec. 11-74.6-18. If any member of the corporate authority, a member of a commission established under subsection (l) of Section 11-74.6-15, or an employee or consultant of the municipality involved in the planning, analysis, preparation or administration of…

(65 ILCS 5/11-74.6-20) Sec. 11-74.6-20. If a municipality or a commission designated pursuant to subsection (l) of Section 11-74.6-15 adopts an ordinance or resolution providing for a feasibility study on the designation of an area as a redevelopment project area, a copy of the o…

(65 ILCS 5/11-74.6-22) Sec. 11-74.6-22. Adoption of ordinance; requirements; changes. (a) Before adoption of an ordinance proposing the designation of a redevelopment planning area or a redevelopment project area, or both, or approving a redevelopment plan or redevelopment projec…

(65 ILCS 5/11-74.6-25) Sec. 11-74.6-25. Notice of public hearing. (a) Except as provided in this Section, notice of the public hearing shall be given by publication and mailing. Notice by publication shall be given by publication at least twice, the first publication to be not mo…

(65 ILCS 5/11-74.6-30) Sec. 11-74.6-30. Financing. Obligations secured by the special tax allocation fund set forth in Section 11-74.6-35 for the redevelopment project area may be issued to provide for redevelopment project costs. Those obligations, when so issued, shall be retir…

(65 ILCS 5/11-74.6-35) Sec. 11-74.6-35. Ordinance for tax increment allocation financing. (a) A municipality, at the time a redevelopment project area is designated, may adopt tax increment allocation financing by passing an ordinance providing that the ad valorem taxes, if any, …

(65 ILCS 5/11-74.6-37) Sec. 11-74.6-37. Cancellation and repayment of tax benefits. Any tax abatement or benefit granted by a taxing district under an agreement entered into under this Act to a private individual or entity for the purpose of originating, locating, maintaining, re…

(65 ILCS 5/11-74.6-40) Sec. 11-74.6-40. Equalized assessed value determination; property tax extension. (a) If a municipality by ordinance provides for tax increment allocation financing under Section 11-74.6-35, the county clerk immediately thereafter: (1) shall determine the in…

(65 ILCS 5/11-74.6-45) Sec. 11-74.6-45. Expenditure of certain revenues. (a) Revenues received by the municipality from any property, building or facility owned, leased or operated by the municipality or any agency or authority established by the municipality may be used to pay r…

(65 ILCS 5/11-74.6-5) Sec. 11-74.6-5. Findings and Declarations. (a) It is hereby found and declared that the communities of the State have lost over 300,000 manufacturing jobs over the last decade and that these losses have resulted in persistent high levels of unemployment and …

(65 ILCS 5/11-74.6-50) Sec. 11-74.6-50. Report; sunset of authority. On or before the date which is 60 months following the date on which this amendatory Act of 1994 becomes law, the Department shall submit to the General Assembly a report detailing the number of redevelopment pr…

(65 ILCS 5/11-75-1) (from Ch. 24, par. 11-75-1) Sec. 11-75-1. Every municipality has the power to lease the space above and around buildings located on land owned or otherwise held by the municipality to any person for any term not exceeding 99 years. Every municipality has the p…

(65 ILCS 5/11-75-2) (from Ch. 24, par. 11-75-2) Sec. 11-75-2. The lease provided for in Section 11-75-1 by its terms shall specify the purpose for which the leased space may be used. If the purpose is to erect in the space a building above or around a building owned by the munici…

(65 ILCS 5/11-75-3) (from Ch. 24, par. 11-75-3) Sec. 11-75-3. Any building erected in the space leased, by exercise of the power granted by Section 11-75-1, which is above or around buildings located on land owned or otherwise held by the municipality shall be operated, as far as…

(65 ILCS 5/11-75-4) (from Ch. 24, par. 11-75-4) Sec. 11-75-4. Such lease shall be signed in the name of the municipality by the mayor or president and shall be attested by the municipal clerk under the corporate seal. The lease shall also be executed by the lessee in such manner …