Beginning in fiscal year 2011 and in each fiscal year thereafter, a county must detail in its annual budget (i) the amount of revenue generated from economic development project areas by source and (ii) the expenditures made by the county for economic development project areas.
55 ILCS 85/13
Requirements for annual budget
Known as the County Economic Development Project Area Property Tax Allocation Act
The act spans §§ 55-85-1 to 55-85-9-5 (15 sections).
P.A. 96-1335, eff. 7-27-10.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.