Illinois Compiled Statutes 30 ILCS 355 Metropolitan Civic Center Support Act. Section 2

    (30 ILCS 355/2) (from Ch. 85, par. 1392)

    Sec. 2. When used in this Act:

    "Authority" means the River Forest Metropolitan Exposition, Auditorium and Office Building Authority, the Village Board of Trustees of the Village of Rosemont for the sole purposes of rehabilitating, developing and making improvements to the O'Hare Exposition Center, or any Metropolitan Exposition Auditorium and Office Building Authority, Metropolitan Exposition and Auditorium Authority or Civic Center Authority created prior to the effective date of this amendatory Act of 1983 or hereafter created pursuant to the statutes of the State of Illinois, except those created pursuant to the Metropolitan Pier and Exposition Authority Act.

    "Bonds" means any limited obligation revenue bonds issued by the Department before July 1, 1989 and by the Bureau (now Office) on or after July 1, 1989 pursuant to Section 7 of this Act.

    "Bond Fund" means the Illinois Civic Center Bond Fund, as provided in this Act.

    "Bond Retirement Fund" means the Illinois Civic Center Bond Retirement and Interest Fund, as provided in this Act.

    "Bond Sale Order" means any order authorizing the issuance and sale of Bonds, which order shall be approved by the Director of the Governor's Office of Management and Budget.

    "Budget Director" means the Director of the Governor's Office of Management and Budget.

    "Bureau" means the Bureau of the Budget, (now Governor's Office of Management and Budget).

    "Department" means the Department of Commerce and Economic Opportunity.

    "Director" means the Director of Commerce and Economic Opportunity.

    "Local Bonds" means any bonds subject to State Financial Support under subparagraph (i) of paragraph (b) of subsection (3) of Section 4 of this Act.

    "MEAOB Fund" means the Metropolitan Exposition, Auditorium and Office Building Fund, as provided in this Act.

    "Office" means the Governor's Office of Management and Budget.

    "State Financial Support" means either the payment of debt service on bonds issued by an Authority or a unit of local government or the grant to an Authority of the proceeds of Bonds issued by the Department before July 1, 1989 and by the Bureau (now Office) on or after July 1, 1989, all in accordance with subsection (3) of Section 4 of this Act.

(Source: P.A. 94-793, eff. 5-19-06.)

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Last modified: February 18, 2015