Illinois Compiled Statutes 50 Local Government: Article -

• 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, to...
• 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 this...
• 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 its...
• 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 financial planning and...
• 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 for...
• 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 (including...
• 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 of...
• 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 have...
• 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 government is...
• 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 Act,...
• 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 18, 2015