Act

Southwestern Illinois Development Authority Act

70 ILCS 520/1— This Act shall be known and may be cited as the "Southwestern Illinois Development Authority Act"
70 ILCS 520/2
70 ILCS 520/3— 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 Southwestern Illinois Development Authority created by this Act
70 ILCS 520/4— (a) There is hereby created a political subdivision, body politic and municipal corporation named the Southwestern Illinois Development Authority
70 ILCS 520/5— All official acts of the Authority shall require the approval of at least 8 voting members
70 ILCS 520/5.1— Open meetings; record disclosure
70 ILCS 520/6
70 ILCS 520/6.1— Commitment notice
70 ILCS 520/7
70 ILCS 520/7.1
70 ILCS 520/7.2
70 ILCS 520/7.3— The Authority may issue a single bond issue pursuant to this Act for a group of industrial projects, a group of housing projects, a group of residential projects, a group of commercial projects, a group of local government projects, or any combination thereof
70 ILCS 520/7.5— Tax exemption of bonds
70 ILCS 520/8— (a) The Authority may, but need not, acquire title to any project with respect to which it exercises its authority
70 ILCS 520/8.5— Eminent domain
70 ILCS 520/9
70 ILCS 520/10— Enterprise Zone
70 ILCS 520/11— The Authority shall biennially designate a national or State bank or banks as depositories of its money
70 ILCS 520/11.1
70 ILCS 520/12— 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 520/13— 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