No municipality shall be authorized under this Act to establish economic development project areas and to adopt tax increment allocation financing for those areas later than 60 months following the effective date of this Act.
65 ILCS 110/40
Limitation on number of economic development project areas
Known as the Economic Development Project Area Tax Increment Allocation Act
The act spans §§ 65-110-1 to 65-110-75 (20 sections).
P.A. 89-176, eff. 1-1-96.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.