Act 85 - COUNTY ECONOMIC DEVELOPMENT PROJECT AREA PROPERTY TAX ALLOCATION ACT
- Section 55 ILCS 85/1 - Short title
- Section 55 ILCS 85/2 - Legislative declaration of public purposes
- Section 55 ILCS 85/3 - Definitions
- Section 55 ILCS 85/4 - Establishment of economic development project area; ordinance; joint review board; notice; hearing; changes in economic development plan; annual reporting requirements
- Section 55 ILCS 85/5 - Submission to Department; certification by Department
- Section 55 ILCS 85/6 - Filing with county clerk; certification of initial equalized assessed value
- Section 55 ILCS 85/7 - Creation of special tax allocation fund
- Section 55 ILCS 85/8 - Issuance of obligations for economic development project costs
- Section 55 ILCS 85/9 - Powers of counties
- Section 55 ILCS 85/9.5 - Eminent Domain
- Section 55 ILCS 85/10 - Conflicts of interests, disclosure
- Section 55 ILCS 85/11 - Payment of project costs; revenues from county property
- Section 55 ILCS 85/12 - Status Report; Hearing
- Section 55 ILCS 85/13 - Requirements for Annual Budget
- Section 55 ILCS 85/14 - Effective date