(505 ILCS 19/25)
Sec. 25. Powers of the Department. The Department has the following powers, together with all powers incidental to or necessary for the discharge of those powers:
(1) To grant its moneys to one or more persons to be
used by those persons to pay the costs of technical assistance and feasibility studies and acquiring, constructing, reconstructing, or improving agricultural facilities for the purpose of adding value to Illinois agricultural commodities. Grants must be on any terms and conditions that the Department determines.
(2) To grant its moneys to any agribusiness which
operates or will operate a facility located in Illinois for the purposes of adding value to Illinois agricultural commodities. Grants must be on any terms and conditions as the Department requires.
(3) To contract with lenders or others for the
origination of or the servicing of the grants made by the Department.
(4) To receive and accept, from any source, aid or
contributions of money, property, labor, or other items of value for furtherance of any of its purposes, subject to any conditions not inconsistent with this Act or the laws of this State pertaining to the contributions, including, but not limited to, gifts, guarantees, or grants from any department, agency, or instrumentality of the United States of America.
(5) To collect any fees and charges in connection
with its grants, advances, servicing, and other activities that it determines.
(6) To appoint, employ, contract with, and provide
for the compensation of any employees and agents, including, but not limited to, engineers, attorneys, management consultants, fiscal advisers, and agricultural, silvicultural, and aquacultural experts, that business of the Department requires.
(7) To make, enter into, and execute any contracts,
agreements, and other instruments with any person, including but not limited to, any federal, State, or local governmental agency and to take any other actions that may be necessary or convenient to accomplish any purpose for which this authority was granted to the Department or to exercise any power expressly granted under this Act.
(8) To establish funds for financial surety and
escrow accounts.
(9) To adopt any necessary rules that are consistent
with this Act.
(Source: P.A. 92-346, eff. 8-14-01.)
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Last modified: February 18, 2015