Illinois Compiled Statutes 50 ILCS 460 Special Assessment Supplemental Bond and Procedures Act. Section 40

    (50 ILCS 460/40)

    Sec. 40. Award of contract. In any special assessment proceeding, upon the vote of two-thirds of the members of the governing body then in office, the governing body or the board of local improvements, as may be applicable, may award a contract or contracts for the improvement pursuant to negotiation with one or more persons, without the requirement of competitive bidding.

(Source: P.A. 90-480, eff. 8-17-97.)

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Last modified: February 18, 2015