(20 ILCS 611/15)
Sec. 15. Powers of the Department. The Department, in addition to the powers granted under the Civil Administrative Code of Illinois, has all the powers necessary and convenient to carry out and effectuate the purposes and provisions of this Act, including, but not limited to, the power to:
(1) promulgate rules and establish procedures deemed
necessary and appropriate for the administration of this Act;
(2) negotiate and execute any term, agreement, or
other document with any person, entity, or body politic necessary or appropriate to accomplish the purposes of this Act;
(3) fix, determine, charge, and collect premiums,
fees, charges, costs, and expenses from eligible businesses, including, without limitation, application fees, commitment fees, program fees, financing charges, or publication fees as deemed appropriate to pay expenses necessary or incident to the administration of the Department's activities and duties under this Act, including the preparation and enforcement of any agreement, or for consultation services, legal services, or other costs;
(4) require eligible businesses, upon written
request, to issue any necessary authorization to the appropriate federal, state, or local authority for the release of information concerning a qualifying project; and
(5) take whatever actions are necessary or
appropriate to protect the State's interest in the event of bankruptcy, default, foreclosure, or noncompliance with the terms and conditions of any agreement entered into pursuant to this Act, including the power to sell, dispose, lease, or rent, upon terms and conditions determined by the Director to be appropriate, real or personal property that the Department may receive as a result of these actions.
(Source: P.A. 92-207, eff. 8-1-01.)
Sections: Previous 1 5 10 15 20 25 30 35 40 905 910 915 920 999 Next
Last modified: February 18, 2015