Chapter 70 — SPECIAL DISTRICTS

(70 ILCS 508/10.25) Sec. 10.25. Financial aid. "Financial aid" means the expenditure of Authority funds or funds provided by the Authority through the issuance of its revenue bonds, notes, or other evidences of indebtedness for the development, construction, acquisition, or impro…

(70 ILCS 508/10.30) Sec. 10.30. Governmental agency. "Governmental agency" means any federal, State, or local governmental body, and any agency or instrumentality thereof, corporate or otherwise. (Source: P.A. 89-333, eff. 8-17-95.)

(70 ILCS 508/10.35) Sec. 10.35. Industrial project. "Industrial project" means (1) a capital project, including one or more buildings and other structures, improvements, machinery, and equipment, whether or not on the same site, suitable for use by any manufacturing, industrial, …

(70 ILCS 508/10.40) Sec. 10.40. Lease agreement. "Lease agreement" means an agreement under which a project acquired by the Authority by purchase, gift, or lease is leased to any person or governmental agency that will use or cause the project to be used as a project upon terms p…

(70 ILCS 508/10.45) Sec. 10.45. Loan agreement. "Loan agreement" means any agreement by which the Authority agrees to loan the proceeds of its revenue bonds, notes, or other evidences of indebtedness issued with respect to a project to any person or governmental agency that will …

(70 ILCS 508/10.5) Sec. 10.5. Authority. "Authority" means the Joliet Arsenal Development Authority created by this Act. (Source: P.A. 89-333, eff. 8-17-95.)

(70 ILCS 508/10.50) Sec. 10.50. Person. "Person" includes without limitation an individual, corporation, partnership, unincorporated association, and any other legal entity, including a trustee, receiver, assignee, or personal representative of the entity. (Source: P.A. 89-333, e…

(70 ILCS 508/10.55) Sec. 10.55. Project. "Project" means an industrial or commercial project or any combination thereof provided that all uses shall fall within one of those categories. Any project shall automatically include all site improvements and new construction involving s…

(70 ILCS 508/10.60) Sec. 10.60. Revenue bond or bond. "Revenue bond" or "bond" means any bond issued by the Authority, the principal and interest of which are payable solely from revenues or income derived from any project or activity of the Authority. (Source: P.A. 89-333, eff. …

(70 ILCS 508/10.65) Sec. 10.65. Terminal. "Terminal" means a public place, station, or depot for receiving and delivering passengers, baggage, mail, freight, or express matter and any combination thereof in connection with the transportation of persons and property on land. (Sour…

(70 ILCS 508/10.70) Sec. 10.70. Terminal facilities. "Terminal facilities" means all land, buildings, structures, improvements, equipment, and appliances useful in the operation of public warehouse, storage, and transportation facilities and industrial, manufacturing, or commerci…

(70 ILCS 508/10.75) Sec. 10.75. Authority leader. "Authority leader" means the Executive Director, Assistant Executive Director, or any other person serving in a management, administrative, or leadership role at the Authority. (Source: P.A. 103-517, eff. 8-11-23.)

(70 ILCS 508/10.80) Sec. 10.80. Restricted person. "Restricted person" means a person who has a familial or business relationship with an Authority leader. (Source: P.A. 103-517, eff. 8-11-23.)

(70 ILCS 508/15) Sec. 15. Creation of Authority; Board members; officers. (a) The Joliet Arsenal Development Authority is created as a political subdivision, body politic, and municipal corporation. (b) The territorial jurisdiction of the Authority shall extend over all of the te…

(70 ILCS 508/20) Sec. 20. Actions of the Authority. All official acts of the Authority shall require the affirmative vote of a simple majority of the Board members at a meeting of the Board at which the members casting those affirmative votes are present. It is the duty of the Au…

(70 ILCS 508/21) Sec. 21. Requests for assistance; disclosure of economic interests. (a) The Authority may not hear a request for assistance from a restricted person. This prohibition extends to business relationships between a person who is an Authority leader within one year pr…

(70 ILCS 508/22) Sec. 22. Open meetings; record disclosure. (a) The Authority is subject to the Open Meetings Act and the Freedom of Information Act. Documents subject to the Freedom of Information Act include, but are not limited to, expenses, payroll, origination bonuses, and o…

(70 ILCS 508/25) Sec. 25. Powers. The Authority possesses all powers of a body corporate necessary and convenient to accomplish the purpose of this Act, including without limitation the following: (1) to enter into loans, contracts, agreements, and mortgages in any matter connect…

(70 ILCS 508/27) Sec. 27. Annexation. The Authority shall make its best effort to annex the parcels of property that are subject to the jurisdiction of the Authority to a contiguous municipality named in subsection (c) of Section 15. (Source: P.A. 89-333, eff. 8-17-95.)

(70 ILCS 508/30) Sec. 30. Limitations. If any of the Authority's powers are exercised within the jurisdiction limits of any municipality, all ordinances of that municipality shall remain in full force and effect and shall be controlling. The Authority shall not issue any revenue …

(70 ILCS 508/35) Sec. 35. Revenue Bonds. (a) The Authority shall have the continuing power to issue revenue bonds, notes, or other evidences of indebtedness in an aggregate amount not to exceed $100,000,000 for the purpose of developing, constructing, acquiring, or improving proj…

(70 ILCS 508/40) Sec. 40. Acquisition. (a) The Authority may, but need not, acquire title to any project with respect to which it exercises its authority. (b) The Authority shall have power to acquire by purchase, lease, gift, or otherwise any property or rights therein from any …

(70 ILCS 508/45) Sec. 45. Designation of depository. The Authority shall biennially designate a national or State bank or banks as depositories of its money. Those depositories shall be designated only within the State and upon condition that bonds approved as to form and surety …

(70 ILCS 508/5) Sec. 5. Purpose. The purpose of this Act is to facilitate and promote the utilization of property that is located along the Illinois Waterway throughout Will County and property formerly occupied and used by the United States government as an ammunition plant and …

(70 ILCS 508/50) Sec. 50. Reports; commitment notice. The Authority shall annually submit a report of its finances to the Auditor General. The Authority shall annually submit a report of its activities to the Governor and General Assembly. The Authority shall provide notice to th…

(70 ILCS 508/55) Sec. 55. Abolition of Authority. The Authority shall be abolished upon the last to occur of the following: (1) expiration of the 35-year period that begins on the effective date of this Act; or (2) one year after all revenue bonds, notes, and other evidences of i…

(70 ILCS 508/99) Sec. 99. Effective date. This Act takes effect July 1, 1995. (Source: P.A. 89-333, eff. 8-17-95.)

(70 ILCS 510/1) (from Ch. 85, par. 6201) Sec. 1. This Act shall be known and may be cited as the "Quad Cities Regional Economic Development Authority Act". (Source: P.A. 85-713.)

(70 ILCS 510/10) (from Ch. 85, par. 6210) Sec. 10. Legality for Investment. Any financial institution, investment company, insurance company or association, and any personal representative, guardian, trustee or other fiduciary, may legally invest any monies belonging to them or w…

(70 ILCS 510/11) (from Ch. 85, par. 6211) Sec. 11. Tax exemption. The Authority shall not be required to pay any taxes or assessments of any kind whatsoever and its bonds, their transfer, the interest payable on them, and any income derived from them may be exempt by the election…

(70 ILCS 510/13) (from Ch. 85, par. 6213) Sec. 13. Bond and notes; exemption from taxation. The creation of the Authority is in all respects for the benefit of the people of Illinois and for the improvement of their health, safety, welfare, comfort and security, and its purposes …

(70 ILCS 510/14) (from Ch. 85, par. 6214) Sec. 14. Additional powers and duties. (a) The Authority may, but need not, acquire title to any project with respect to which it exercises its authority. (b) The Authority shall have the power to enter into intergovernmental agreements w…

(70 ILCS 510/15) (from Ch. 85, par. 6215) Sec. 15. The Authority may by ordinance designate a portion of the territorial jurisdiction of the Authority for certification as an Enterprise Zone under the Illinois Enterprise Zone Act in addition to any other enterprise zones which ma…

(70 ILCS 510/16) (from Ch. 85, par. 6216) Sec. 16. The Authority may collect fees and charges in connection with its loans, commitments and servicing and provide technical assistance in the development of the region. (Source: P.A. 85-713.)

(70 ILCS 510/18) (from Ch. 85, par. 6218) Sec. 18. Taxation. The Authority shall have taxing powers as determined by statute. (Source: P.A. 85-713.)

(70 ILCS 510/18.1) (from Ch. 85, par. 6218.1) Sec. 18.1. (a) If the Authority issues bonds for the purpose of financing, by loan, grant, or otherwise, the construction of a NASCAR race track, then it may impose the tax authorized by this Section. (b) The Authority may impose an a…

(70 ILCS 510/18.2) (from Ch. 85, par. 6218.2) Sec. 18.2. (Repealed). (Source: P.A. 87-882. Repealed by P.A. 90-415, eff. 8-15-97.)

(70 ILCS 510/19) (from Ch. 85, par. 6219) Sec. 19. Civic Center. The Authority shall commence a study to determine the feasibility of a civic center or other public assembly hall or arena to be located within the territorial jurisdiction of the Authority. This report shall addres…

(70 ILCS 510/2) (from Ch. 85, par. 6202) Sec. 2. The General Assembly hereby determines and declares: (a) That due to changes in national and international manufacturing and product markets, unstable international currency markets, and increased competition from certain foreign c…

(70 ILCS 510/3) (from Ch. 85, par. 6203) Sec. 3. The following terms, whenever used or referred to in this Act, shall have the following meanings, except in such instances where the context may clearly indicate otherwise: (a) "Authority" means the Quad Cities Regional Economic De…

(70 ILCS 510/4) (from Ch. 85, par. 6204) Sec. 4. (a) There is hereby created a political subdivision, body politic and municipal corporation named the Quad Cities Regional Economic Development Authority. The territorial jurisdiction of the Authority is that geographic area within…

(70 ILCS 510/5) (from Ch. 85, par. 6205) Sec. 5. Conflicts of interest; requests for assistance; disclosure of economic interests. (a) No member of the Authority or officer, agent, or employee thereof other than the representatives of a professional sports team shall, in his or h…

(70 ILCS 510/6) (from Ch. 85, par. 6206) Sec. 6. Records, reports, and notices of the Authority. The secretary shall keep a record of the proceedings of the Authority. The treasurer of the Authority shall be custodian of all Authority funds, and shall be bonded in such amount as …

(70 ILCS 510/7) (from Ch. 85, par. 6207) Sec. 7. All official acts of the Authority shall require the approval of at least 4 members. (Source: P.A. 85-713.)

(70 ILCS 510/8) (from Ch. 85, par. 6208) Sec. 8. (a) The Authority possesses all the powers of a body corporate necessary and convenient to accomplish the purposes of this Act, including, without any intended limitation upon the general powers hereby conferred, the following: (1)…

(70 ILCS 510/9) (from Ch. 85, par. 6209) Sec. 9. Bonds and notes. (a)(1) The Authority may, with the written approval of the Governor, at any time and from time to time, issue bonds and notes for any corporate purpose, including the establishment of reserves and the payment of in…

(70 ILCS 510/9.1) Sec. 9.1. (Repealed). (Source: P.A. 87-778. Repealed by P.A. 96-196, eff. 1-1-10.)

(70 ILCS 516/1) Sec. 1. Short title. This Act may be cited as the Riverdale Development Authority Act. (Source: P.A. 94-1093, eff. 1-26-07.)

(70 ILCS 516/10) Sec. 10. Definitions. In this Act words and phrases have the meanings set forth in this Section. "Authority" means the Riverdale Development Authority created by this Act. "Authority leader" means the Executive Director, Assistant Executive Director, or any other…

(70 ILCS 516/15) Sec. 15. Creation of Authority; Board members; officers. (a) The Riverdale Development Authority is created as a political subdivision, body politic, and municipal corporation. (b) The jurisdiction of the Authority shall extend over the approximately 1,200 acres …