The Authority shall have no right or authority to levy any tax or special assessment, to pledge the credit of the State or any other subdivision or municipal corporation thereof, or to incur any obligation enforceable upon any property, either within or without the territory of the Authority.
70 ILCS 504/60
Taxation prohibited
Known as the Central Illinois Economic Development Authority Act
The act spans §§ 70-504-1 to 70-504-999 (18 sections).
P.A. 94-995, eff. 7-3-06.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.