Building Authority Act
Illinois · Executive Branch · §§ 20-3110-0-01 to 20-3110-9 · 17 sections
Overview
The act establishes a public building authority and defines its purposes, powers, and duties for financing and carrying out public building projects. It authorizes the authority to issue bonds, acquire property through eminent domain, and set charges, with money flowing through a dedicated public building fund, and it exempts property the authority owns from taxation. It also imposes fiscal and accountability controls, including an annual audit, limits on disbursements, a deadline for commencing authorized projects, and a means of enforcing the authority's obligations.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
Sections covered
- 20 ILCS 3110/0.01Short title
- 20 ILCS 3110/10Annual audit
- 20 ILCS 3110/11Enforcement of obligations
- 20 ILCS 3110/1.1As used in this Act "Authority" or "Building Authority" means the Capital Development Board
- 20 ILCS 3110/13All property owned by the Authority is exempt from taxation
- 20 ILCS 3110/13.1No project may be carried out by the Authority unless commenced before July 1 of the third year following the year in which the project was authorized by the General Assembly
- 20 ILCS 3110/14Separability clause
- 20 ILCS 3110/2Purposes
- 20 ILCS 3110/3Duties
- 20 ILCS 3110/4Executive Branch › 20 ILCS 3110 — Building Authority Act
- 20 ILCS 3110/5Powers
- 20 ILCS 3110/5.1Executive Branch › 20 ILCS 3110 — Building Authority Act
- 20 ILCS 3110/5.2Eminent domain
- 20 ILCS 3110/6Bonds
- 20 ILCS 3110/7Charges
- 20 ILCS 3110/8The Public Building Fund
- 20 ILCS 3110/9Limitation on disbursements
Enacted in other states
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