Illinois Compiled Statutes 70 Special Districts: Article 5 - Southern Illinois Economic Development Authority Act

• Illinois Southern Illinois Economic Development Authority Act. - 70 ILCS 519, Section 5-5
  Short title. This Article may be cited as the Southern Illinois Economic Development Authority Act, and references in this Article to "this Act" mean this...
• Illinois Southern Illinois Economic Development Authority Act. - 70 ILCS 519, Section 5-10
  Findings. The General Assembly determines and declares the following: (1) that labor surplus areas currently exist in southern Illinois; (2) that the economic burdens resulting...
• Illinois Southern Illinois Economic Development Authority Act. - 70 ILCS 519, Section 5-15
  Definitions. In this Act: "Authority" means the Southern Illinois Economic Development Authority. "Governmental agency" means any federal, State, or local governmental body and any agency...
• Illinois Southern Illinois Economic Development Authority Act. - 70 ILCS 519, Section 5-20
  Creation. (a) There is created a political subdivision, body politic, and municipal corporation named the Southern Illinois Economic Development Authority. The territorial jurisdiction of the...
• Illinois Southern Illinois Economic Development Authority Act. - 70 ILCS 519, Section 5-25
  Duty. All official acts of the Authority shall require the approval of at least 11 members. It shall be the duty of the Authority to...
• Illinois Southern Illinois Economic Development Authority Act. - 70 ILCS 519, Section 5-30
  Powers. (a) The Authority possesses all the powers of a body corporate necessary and convenient to accomplish the purposes of this Act, including, without any...
• Illinois Southern Illinois Economic Development Authority Act. - 70 ILCS 519, Section 5-35
  Tax avoidance. Notwithstanding any other provision of law, the Authority shall not enter into any agreement providing for the purchase and lease of tangible personal...
• Illinois Southern Illinois Economic Development Authority Act. - 70 ILCS 519, Section 5-40
  Bonds. (a) The Authority, with the written approval of the Governor, shall have the continuing power to issue bonds, notes, or other evidences of indebtedness...
• Illinois Southern Illinois Economic Development Authority Act. - 70 ILCS 519, Section 5-45
  Bonds and notes; exemption from taxation. The creation of the Authority is in all respects for the benefit of the people of Illinois and for...
• Illinois Southern Illinois Economic Development Authority Act. - 70 ILCS 519, Section 5-50
  Acquisition. (a) The Authority may, but need not, acquire title to any project with respect to which it exercises its authority. (b) The Authority shall...
• Illinois Southern Illinois Economic Development Authority Act. - 70 ILCS 519, Section 5-60
  Designation of depository. The Authority shall biennially designate a national or State bank or banks as depositories of its money. Such depositories shall be designated...
• Illinois Southern Illinois Economic Development Authority Act. - 70 ILCS 519, Section 5-65
  Taxation prohibited. The Authority shall have no right or authority to levy any tax or special assessment, to pledge the credit of the State or...
• Illinois Southern Illinois Economic Development Authority Act. - 70 ILCS 519, Section 5-70
  Fees. The Authority may collect fees and charges in connection with its loans, commitments, and servicing and may provide technical assistance in the development of...
• Illinois Southern Illinois Economic Development Authority Act. - 70 ILCS 519, Section 5-75
  Reports. The Authority shall annually submit a report of its finances to the Auditor General. The Authority shall annually submit a report of its activities...

Last modified: February 18, 2015