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Act

Quad Cities Regional Economic Development Authority Act, approved September 22, 1987

  • 70 ILCS 510/1— This Act shall be known and may be cited as the "Quad Cities Regional Economic Development Authority Act"
  • 70 ILCS 510/2
  • 70 ILCS 510/3— The following terms, whenever used or referred to in this Act, shall have the following meanings, except in such instances where the context may clearly indicate otherwise: (a) "Authority" means the Quad Cities Regional Economic Development Authority created by this Act
  • 70 ILCS 510/4— (a) There is hereby created a political subdivision, body politic and municipal corporation named the Quad Cities Regional Economic Development Authority
  • 70 ILCS 510/5— Conflicts of interest; requests for assistance; disclosure of economic interests
  • 70 ILCS 510/6— Records, reports, and notices of the Authority
  • 70 ILCS 510/7— All official acts of the Authority shall require the approval of at least 4 members
  • 70 ILCS 510/8
  • 70 ILCS 510/9— Bonds and notes
  • 70 ILCS 510/9.1— (Repealed)
  • 70 ILCS 510/10— Legality for Investment
  • 70 ILCS 510/11— Tax exemption
  • 70 ILCS 510/13— Bond and notes; exemption from taxation
  • 70 ILCS 510/14— Additional powers and duties
  • 70 ILCS 510/15
  • 70 ILCS 510/16— The Authority may collect fees and charges in connection with its loans, commitments and servicing and provide technical assistance in the development of the region
  • 70 ILCS 510/18— Taxation
  • 70 ILCS 510/18.1— (a) If the Authority issues bonds for the purpose of financing, by loan, grant, or otherwise, the construction of a NASCAR race track, then it may impose the tax authorized by this Section
  • 70 ILCS 510/18.2— (Repealed)
  • 70 ILCS 510/19— Civic Center