Act
County Economic Development Project Area Property Tax Allocation Act
- 55 ILCS 85/1— Short title
- 55 ILCS 85/2— Legislative declaration of public purposes
- 55 ILCS 85/3— Definitions
- 55 ILCS 85/4— Establishment of economic development project area; ordinance; joint review board; notice; hearing; changes in economic development plan; annual reporting requirements
- 55 ILCS 85/5— Submission to Department; certification by Department
- 55 ILCS 85/6— Filing with county clerk; certification of initial equalized assessed value
- 55 ILCS 85/7— Creation of special tax allocation fund
- 55 ILCS 85/8— Issuance of obligations for economic development project costs
- 55 ILCS 85/9— Powers of counties
- 55 ILCS 85/9.5— Eminent domain
- 55 ILCS 85/10— Conflicts of interests, disclosure
- 55 ILCS 85/11— Payment of project costs; revenues from county property
- 55 ILCS 85/12— Status report; hearing
- 55 ILCS 85/13— Requirements for annual budget
- 55 ILCS 85/14— This Act takes effect upon becoming a law