2,536 sections in this chapter.
65 ILCS 5/11-74.1-1 Sec. 11-74.1-1
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(65 ILCS 5/11-74.1-1) (from Ch. 24, par. 11-74.1-1) Sec. 11-74.1-1. For the public purposes set forth in the Illinois Finance Authority Act, the corporate authorities of each municipality may (1) acquire, singly or jointly with other municipalities or counties, by gift, purchase …
65 ILCS 5/11-74.2-1 Sec. 11-74.2-1
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(65 ILCS 5/11-74.2-1) (from Ch. 24, par. 11-74.2-1) Sec. 11-74.2-1. It is hereby found and declared: (a) In certain municipalities of the State there exist commercial blight or conservation areas where a major portion of the commercial buildings and structures are detrimental to …
65 ILCS 5/11-74.2-10 Sec. 11-74.2-10
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(65 ILCS 5/11-74.2-10) (from Ch. 24, par. 11-74.2-10) Sec. 11-74.2-10. When the corporate authorities have acquired title to, and possession of all or any part of the real property located within a redevelopment area, they may let contracts for the demolition or removal of buildi…
65 ILCS 5/11-74.2-11 Sec. 11-74.2-11
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(65 ILCS 5/11-74.2-11) (from Ch. 24, par. 11-74.2-11) Sec. 11-74.2-11. In carrying out the provisions of a final redevelopment plan the corporate authorities may pave and improve streets in the redevelopment area, construct sidewalks and install or relocate sewers, water pipes an…
65 ILCS 5/11-74.2-12 Sec. 11-74.2-12
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(65 ILCS 5/11-74.2-12) (from Ch. 24, par. 11-74.2-12) Sec. 11-74.2-12. When the corporate authorities have acquired title to, and possession of any or all real property in the redevelopment area, they may convey any part of the redevelopment area to any public body having jurisdi…
65 ILCS 5/11-74.2-13 Sec. 11-74.2-13
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(65 ILCS 5/11-74.2-13) (from Ch. 24, par. 11-74.2-13) Sec. 11-74.2-13. No member of the corporate authority or employee of a municipality subject to this Division shall acquire any interest direct or indirect in any redevelopment area or in any property included or planned to be …
65 ILCS 5/11-74.2-14 Sec. 11-74.2-14
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(65 ILCS 5/11-74.2-14) (from Ch. 24, par. 11-74.2-14) Sec. 11-74.2-14. The corporate authorities may at any time transfer and sell the fee simple title, or any lesser estate that they acquired to all or any part of the real property within the redevelopment area. No such sale sha…
65 ILCS 5/11-74.2-15 Sec. 11-74.2-15
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(65 ILCS 5/11-74.2-15) (from Ch. 24, par. 11-74.2-15) Sec. 11-74.2-15. Any real property in the redevelopment area that has not been sold, or in the case of commercial projects sold or leased, by the corporate authorities within 5 years after they have acquired title to all the r…
65 ILCS 5/11-74.2-16 Sec. 11-74.2-16
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(65 ILCS 5/11-74.2-16) (from Ch. 24, par. 11-74.2-16) Sec. 11-74.2-16. The corporate authorities are authorized and empowered to incur indebtedness and issue revenue bonds in such amounts as they deem necessary for the purpose of raising funds for carrying out the provisions of a…
65 ILCS 5/11-74.2-17 Sec. 11-74.2-17
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(65 ILCS 5/11-74.2-17) (from Ch. 24, par. 11-74.2-17) Sec. 11-74.2-17. The bonds shall contain a provision that the principal and interest thereon shall be payable exclusively from the proceeds and revenues of any commercial redevelopment plan or commercial project which is finan…
65 ILCS 5/11-74.2-18 Sec. 11-74.2-18
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(65 ILCS 5/11-74.2-18) (from Ch. 24, par. 11-74.2-18) Sec. 11-74.2-18. The revenue bonds issued pursuant to this Division shall be sold to the highest and best bidder at not less than their par value and accrued interest. The municipality shall, from time to time as bonds are to …
65 ILCS 5/11-74.2-19 Sec. 11-74.2-19
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(65 ILCS 5/11-74.2-19) (from Ch. 24, par. 11-74.2-19) Sec. 11-74.2-19. In connection with the issuance of the revenue bonds authorized by this Division, and in order to secure the payment of such bonds, the corporate authorities may, subject to the powers and limitations containe…
65 ILCS 5/11-74.2-2 Sec. 11-74.2-2
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(65 ILCS 5/11-74.2-2) (from Ch. 24, par. 11-74.2-2) Sec. 11-74.2-2. As used in this Act unless the context requires otherwise: (a) "Real property" means lands, lands under water, structures, and any and all easements, franchises and incorporeal hereditaments, estates and rights, …
65 ILCS 5/11-74.2-3 Sec. 11-74.2-3
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(65 ILCS 5/11-74.2-3) (from Ch. 24, par. 11-74.2-3) Sec. 11-74.2-3. The corporate authorities of any municipality may by resolution provide for an initial study and survey to determine if the municipality contains any commercial blight or conservation areas. In making the study a…
65 ILCS 5/11-74.2-4 Sec. 11-74.2-4
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(65 ILCS 5/11-74.2-4) (from Ch. 24, par. 11-74.2-4) Sec. 11-74.2-4. If as a result of their initial study and survey the corporate authorities determine that one or more commercial blight or conservation areas exist in the municipality, they may by resolution set forth the bounda…
65 ILCS 5/11-74.2-5 Sec. 11-74.2-5
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(65 ILCS 5/11-74.2-5) (from Ch. 24, par. 11-74.2-5) Sec. 11-74.2-5. At the hearing on commercial blight or conservation areas the corporate authorities shall introduce the testimony and evidence that entered into their decision to declare an area a commercial blight or conservati…
65 ILCS 5/11-74.2-6 Sec. 11-74.2-6
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(65 ILCS 5/11-74.2-6) (from Ch. 24, par. 11-74.2-6) Sec. 11-74.2-6. At the conclusion of the hearing on commercial blight and conservation areas the corporate authorities shall formulate and publish a final commercial redevelopment plan for the municipality after approval by a 2/…
65 ILCS 5/11-74.2-7 Sec. 11-74.2-7
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(65 ILCS 5/11-74.2-7) (from Ch. 24, par. 11-74.2-7) Sec. 11-74.2-7. Within 30 days after the publication of a final commercial redevelopment plan, any person aggrieved by the action of the corporate authorities may seek a review of their decision and the redevelopment plan under …
65 ILCS 5/11-74.2-8 Sec. 11-74.2-8
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(65 ILCS 5/11-74.2-8) (from Ch. 24, par. 11-74.2-8) Sec. 11-74.2-8. In carrying out a final commercial redevelopment plan the corporate authorities have the power to: (a) Acquire by purchase, gift, condemnation or otherwise as provided in this Division the fee simple title to all…
65 ILCS 5/11-74.2-9 Sec. 11-74.2-9
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(65 ILCS 5/11-74.2-9) (from Ch. 24, par. 11-74.2-9) Sec. 11-74.2-9. In exercising the power to acquire real estate as provided in this Division, the corporate authorities may proceed by gift, purchase or condemnation to acquire the fee simple title to all real property lying with…
65 ILCS 5/11-74.3-1 Division short title; declaration of public purpose
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(65 ILCS 5/11-74.3-1) (from Ch. 24, par. 11-74.3-1) Sec. 11-74.3-1. Division short title; declaration of public purpose. This Division 74.3 may be cited as the Business District Development and Redevelopment Law. It is hereby found and declared: (1) It is essential to the economi…
65 ILCS 5/11-74.3-2 Procedures to designate business districts; ordinances; notice; hearings
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(65 ILCS 5/11-74.3-2) (from Ch. 24, par. 11-74.3-2) Sec. 11-74.3-2. Procedures to designate business districts; ordinances; notice; hearings. (a) The corporate authorities of a municipality shall by ordinance propose the approval of a business district plan and designation of a b…
65 ILCS 5/11-74.3-3 Powers of municipalities
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(65 ILCS 5/11-74.3-3) (from Ch. 24, par. 11-74.3-3) Sec. 11-74.3-3. Powers of municipalities. In addition to the powers a municipality may now have, a municipality shall have the following powers: (1) To make and enter into all contracts necessary or incidental to the implementat…
65 ILCS 5/11-74.3-4 Sec. 11-74.3-4
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(65 ILCS 5/11-74.3-4) (from Ch. 24, par. 11-74.3-4) Sec. 11-74.3-4. The powers granted to municipalities in this Law shall not be construed as a limitation on the powers of a home rule municipality granted by Article VII of the Illinois Constitution. (Source: P.A. 96-1394, eff. 7…
65 ILCS 5/11-74.3-5 Definitions
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(65 ILCS 5/11-74.3-5) Sec. 11-74.3-5. Definitions. The following terms as used in this Law shall have the following meanings: "Blighted area" means an area that is a blighted area which, by reason of the predominance of defective, non-existent, or inadequate street layout, unsani…
65 ILCS 5/11-74.3-6 Business district revenue and obligations; business district tax allocation fund
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(65 ILCS 5/11-74.3-6) (Text of Section from P.A. 104-468, Article 70, Section 70-75) Sec. 11-74.3-6. Business district revenue and obligations; business district tax allocation fund. (a) If the corporate authorities of a municipality have approved a business district plan, have d…
65 ILCS 5/11-74.3-7 Existing business districts
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(65 ILCS 5/11-74.3-7) Sec. 11-74.3-7. Existing business districts. Except as hereinafter provided, business districts that were designated prior to the effective date of this amendatory Act of the 96th General Assembly shall continue to operate and be governed by the terms of thi…
65 ILCS 5/11-74.4-1 Sec. 11-74.4-1
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(65 ILCS 5/11-74.4-1) (from Ch. 24, par. 11-74.4-1) Sec. 11-74.4-1. This Division 74.4 shall be known and may be cited as the "Tax Increment Allocation Redevelopment Act". (Source: P.A. 84-1417.)
65 ILCS 5/11-74.4-10 Sec. 11-74.4-10
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(65 ILCS 5/11-74.4-10) (from Ch. 24, par. 11-74.4-10) Sec. 11-74.4-10. 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, or from repayments of loa…
65 ILCS 5/11-74.4-11 Sec. 11-74.4-11
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(65 ILCS 5/11-74.4-11) (from Ch. 24, par. 11-74.4-11) Sec. 11-74.4-11. If any Section, subdivision, paragraph, sentence or clause of this Division is, for any reason, held to be invalid or unconstitutional, such decision shall not affect any remaining portion, Section or part the…
65 ILCS 5/11-74.4-12 Metro East Police District
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(65 ILCS 5/11-74.4-12) Sec. 11-74.4-12. Metro East Police District. A municipality may use moneys from the special tax allocation fund to hire police officers, if the corporate authorities of the municipality determine by ordinance or resolution that, as a result of the developme…
65 ILCS 5/11-74.4-2 Sec. 11-74.4-2
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(65 ILCS 5/11-74.4-2) (from Ch. 24, par. 11-74.4-2) Sec. 11-74.4-2. (a) It is hereby found and declared that there exist in many municipalities within this State blighted conservation and industrial park conservation areas, as defined herein; that the conservation areas are rapid…
65 ILCS 5/11-74.4-3 Definitions
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(65 ILCS 5/11-74.4-3) (from Ch. 24, par. 11-74.4-3) 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 meaning clearly appears from the context. (a) For …
65 ILCS 5/11-74.4-3.1 Redevelopment project area within an intermodal terminal facility area
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(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 Redevelopment project area within a transit facility improvement area
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(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 Completion dates for redevelopment projects
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(65 ILCS 5/11-74.4-3.5) 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 redevelopment project costs (includin…
65 ILCS 5/11-74.4-4 Sec. 11-74.4-4
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(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 Feasibility study
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(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 Interested parties registry
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(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 Public hearing; joint review board
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(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 Sec. 11-74.4-6
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(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 Sec. 11-74.4-7
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(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
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(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 Tax increment allocation financing
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(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 Sec. 11-74.4-8a
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(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 Cancellation and repayment of tax and other benefits
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(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 Enterprise zone abatements
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(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 Website postings; municipalities of 1,000,000 or more
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(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 Equalized assessed value of property
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(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 Sec. 11-74.5-1
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(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.)