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- Illinois Local Government Financial Planning and Supervision Act. - 50 ILCS 320, Section 1
Short title. This Act may be cited as the Local Government Financial Planning and Supervision Act. (Source: P.A. 86-1211.)
- Illinois Local Government Financial Planning and Supervision Act. - 50 ILCS 320, Section 2
Policy and purpose. (a) It is the public policy of this State, in order to provide for the public health, safety and welfare,...
- Illinois Local Government Financial Planning and Supervision Act. - 50 ILCS 320, Section 3
Definitions. As used in this Act, unless the context requires otherwise: (a) "Commission" means a financial planning and supervision commission created pursuant to...
- Illinois Local Government Financial Planning and Supervision Act. - 50 ILCS 320, Section 4
Petition. (a) This subsection (a) applies through December 31, 1992. Any unit of local government upon a 2/3 vote of the members of...
- Illinois Local Government Financial Planning and Supervision Act. - 50 ILCS 320, Section 5
Establishment of commission. (a) This subsection (a) applies through December 31, 1992. (1) Upon receipt of a petition for establishment of a ...
- Illinois Local Government Financial Planning and Supervision Act. - 50 ILCS 320, Section 6
Action by commission; financial advisor; liability. (a) The commission may adopt and alter bylaws and rules for the conduct of its affairs, and...
- Illinois Local Government Financial Planning and Supervision Act. - 50 ILCS 320, Section 7
Judgment or lien; indebtedness. (a) No State agency, board, commission or department, no subdivision of the State, and no unit of local government...
- Illinois Local Government Financial Planning and Supervision Act. - 50 ILCS 320, Section 8
Financial plan. (a) Within 120 days after the first meeting of the commission, the presiding officer of the governing body of the unit...
- Illinois Local Government Financial Planning and Supervision Act. - 50 ILCS 320, Section 9
Powers of commission and financial advisor. (a) The financial planning and supervision commission, or when authorized by the commission, the financial advisor, shall...
- Illinois Local Government Financial Planning and Supervision Act. - 50 ILCS 320, Section 10
State aid. (a) This subsection (a) applies through December 31, 1992. (1) During the period of time that a unit of local...
- Illinois Local Government Financial Planning and Supervision Act. - 50 ILCS 320, Section 11
Expenses of commission members. The members of the financial planning and supervision commission shall serve without compensation, but shall be paid by the commission...
- Illinois Local Government Financial Planning and Supervision Act. - 50 ILCS 320, Section 12
Expenses incurred by commission. Any expense or obligation incurred by the financial planning and supervision commission under this Act shall be payable solely from appropriations...
- Illinois Local Government Financial Planning and Supervision Act. - 50 ILCS 320, Section 13
Termination of commission. (a) A financial planning and supervision commission with respect to a unit of local government, and its functions under this...
- Illinois Local Government Financial Planning and Supervision Act. - 50 ILCS 320, Section 14
Application of Act. A unit of local government may by contract declare that the provisions of this Act shall not apply to any indebtedness,...
Last modified: February 20, 2012
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