Illinois Compiled Statutes 50 Local Government: Article -

• Illinois Special Assessment Supplemental Bond and Procedures Act. - 50 ILCS 460, Section 1
  Short Title. This Act may be cited as the Special Assessment Supplemental Bond and Procedures Act. (Source: P.A. 90-480, eff. 8-17-97.)
• Illinois Special Assessment Supplemental Bond and Procedures Act. - 50 ILCS 460, Section 5
  Finding. The General Assembly finds that: (a) there have been many important changes in the financial markets and practices with respect to the issuance...
• Illinois Special Assessment Supplemental Bond and Procedures Act. - 50 ILCS 460, Section 10
  Definitions. As used in this Act, unless the context or usage clearly indicates otherwise: "Governing body" means the legislative body, council, board, commission, trustees,...
• Illinois Special Assessment Supplemental Bond and Procedures Act. - 50 ILCS 460, Section 15
  Supplemental powers; election. The provisions of this Act are intended to be supplemental to and in addition to all other powers or authorities granted...
• Illinois Special Assessment Supplemental Bond and Procedures Act. - 50 ILCS 460, Section 20
  Additional costs allowed. In addition to and in excess of all costs otherwise permitted to be assessed under any special assessment law in any...
• Illinois Special Assessment Supplemental Bond and Procedures Act. - 50 ILCS 460, Section 25
  Interest on assessments. The unpaid portion of any assessment imposed under a special assessment proceeding may bear interest at an interest rate or rates...
• Illinois Special Assessment Supplemental Bond and Procedures Act. - 50 ILCS 460, Section 30
  Amount and term of installments. An assessment under a special assessment proceeding may be payable in one or more installments coming due not more...
• Illinois Special Assessment Supplemental Bond and Procedures Act. - 50 ILCS 460, Section 35
  Notice of first installment and accrual of interest. In lieu of the establishment of the date of the first installment of a special assessment...
• Illinois Special Assessment Supplemental Bond and Procedures Act. - 50 ILCS 460, Section 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...
• Illinois Special Assessment Supplemental Bond and Procedures Act. - 50 ILCS 460, Section 45
  Bonds. In lieu of the issuance of vouchers or bonds provided by a special assessment law, Supplemental Act Assessment Bonds payable from the assessments...
• Illinois Special Assessment Supplemental Bond and Procedures Act. - 50 ILCS 460, Section 50
  Alternative local procedure. Upon the request of all of the owners of record to be subject to assessment in a special assessment proceeding, the...
• Illinois Special Assessment Supplemental Bond and Procedures Act. - 50 ILCS 460, Section 55
  County clerk may collect. Pursuant to the Illinois constitutional and statutory provisions relating to intergovernmental cooperation, the county clerk of any county in which property...
• Illinois Special Assessment Supplemental Bond and Procedures Act. - 50 ILCS 460, Section 60
  Recital. Supplemental Act Assessment Bonds that are issued in part under this Act may contain a recital to that effect and any such recital...
• Illinois Special Assessment Supplemental Bond and Procedures Act. - 50 ILCS 460, Section 65
  Rebates. If, after final settlement with the contractor for any improvements, there is any surplus remaining, the Board of Local Improvements shall declare a...
• Illinois Local Government: Article -
  Amendatory provisions; text omitted
• Illinois Special Assessment Supplemental Bond and Procedures Act. - 50 ILCS 460, Section 70
  (Amendatory provisions; text omitted). (Source: P.A. 90-480, eff. 8-17-97.)
• Illinois Local Government: Article -
  Amendatory provisions; text omitted
• Illinois Special Assessment Supplemental Bond and Procedures Act. - 50 ILCS 460, Section 75
  (Amendatory provisions; text omitted). (Source: P.A. 90-480, eff. 8-17-97.)
• Illinois Special Assessment Supplemental Bond and Procedures Act. - 50 ILCS 460, Section 99
  Effective date. This Act takes effect upon becoming law. (Source: P.A. 90-480, eff. 8-17-97.)

Last modified: February 18, 2015