It is not necessary for any municipality proceeding under this Division 74 to obtain any certificate of convenience or necessity, franchise, license, permit, or other authorization from any bureau, board, commission, or other lay instrumentality of this State in order to acquire, construct, purchase, reconstruct, improve, better or extend any industrial project or for the issuance of bonds in connection therewith.
65 ILCS 5/11-74-12
Known as the The Industrial Project Revenue Bond Act
The act spans §§ 65-5-11-74-1 to 65-5-11-74-9 (14 sections).
P.A. 77-1453.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.