Illinois Compiled Statutes 50 Local Government: Article -

• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 1
  Short title. This Act may be cited as the Innovation Development and Economy Act. (Source: P.A. 96-939, eff. 6-24-10.)
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 5
  Purpose. It is hereby found and declared that the purpose of this Act is to promote, stimulate, and develop the general and economic welfare of...
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 10
  Definitions. As used in this Act, the following words and phrases shall have the following meanings unless a different meaning clearly appears from the context:...
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 15
  Establishment of STAR bond district. The governing body of a municipality may establish a STAR bond district within an eligible area within the municipality or...
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 20
  Approval of STAR bond projects. The governing body of a political subdivision may establish one or more STAR bond projects in any STAR bond district....
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 25
  Co-developers and subdevelopers. Upon approval of a STAR bond project by the political subdivision, the master developer may, subject to the approval of the Director...
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 30
  STAR bonds; source of payment. Any political subdivision shall have the power to issue STAR bonds in one or more series to finance the undertaking...
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 31
  STAR bond occupation taxes. (a) If the corporate authorities of a political subdivision have established a STAR bond district and have elected to impose a...
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 33
  STAR Bonds School Improvement and Operations Trust Fund. (a) The STAR Bonds School Improvement and Operations Trust Fund is created as a trust fund in...
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 35
  Alternate bonds and general obligation bonds. A political subdivision shall have the power to issue alternate revenue and other general obligation bonds to finance the...
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 40
  Amendments to STAR bond district. Any addition of real property to a STAR bond district or any substantial change to a STAR bond district plan...
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 45
  Restrictions. STAR bond districts may lie within an enterprise zone, but no portion of a STAR bond project shall be financed with funds allocated pursuant...
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 50
  Reporting taxes. Notwithstanding any other provisions of law to the contrary, the Department of Revenue shall provide a certified report of the State sales tax...
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 52
  Review committee. Upon the seventh anniversary of the first date of distribution of State sales tax revenues from the first STAR bond project in the...
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 55
  Severability. If any provision of this Act or the application thereof to any persons or circumstances is held invalid, such invalidity shall not affect other...
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 57
  Rules. The Department of Revenue shall have the authority to adopt such rules as are reasonable and necessary to implement the provisions of this Act....
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 60
  Open meetings and freedom of information. All public hearings related to the administration, formation, implementation, development, or construction of a STAR bond district, STAR bond...
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 62
  Powers of political subdivisions. The provisions of this Act are intended to be supplemental and in addition to all other power or authority granted to...
• Illinois Local Government: Article -
  Amendatory provisions; text omitted
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 63
  (Amendatory provisions; text omitted). (Source: P.A. 96-939, eff. 7-1-10; text omitted.)
• Illinois Local Government: Article -
  Amendatory provisions; text omitted
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 64
  (Amendatory provisions; text omitted). (Source: P.A. 96-939, eff. 6-24-10; text omitted.)
• Illinois Local Government: Article -
  Amendatory provisions; text omitted
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 65
  (Amendatory provisions; text omitted). (Source: P.A. 96-939, eff. 6-24-10; text omitted.)
• Illinois Local Government: Article -
  Amendatory provisions; text omitted
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 66
  (Amendatory provisions; text omitted). (Source: P.A. 96-939, eff. 1-1-11; text omitted.)
• Illinois Local Government: Article -
  Amendatory provisions; text omitted
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 67
  (Amendatory provisions; text omitted). (Source: P.A. 96-939, eff. 6-24-10; text omitted.)
• Illinois Local Government: Article -
  Amendatory provisions; text omitted
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 70
  (Amendatory provisions; text omitted). (Source: P.A. 96-939, eff. 6-24-10; text omitted.)
• Illinois Local Government: Article -
  Amendatory provisions; text omitted
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 75
  (Amendatory provisions; text omitted). (Source: P.A. 96-939, eff. 6-24-10; text omitted.)
• Illinois Local Government: Article -
  Amendatory provisions; text omitted
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 80
  (Amendatory provisions; text omitted). (Source: P.A. 96-939, eff. 6-24-10; text omitted.)
• Illinois Local Government: Article -
  Amendatory provisions; text omitted
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 85
  (Amendatory provisions; text omitted). (Source: P.A. 96-939, eff. 6-24-10; text omitted.)
• Illinois Local Government: Article -
  Amendatory provisions; text omitted
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 90
  (Amendatory provisions; text omitted). (Source: P.A. 96-939, eff. 6-24-10; text omitted.)
• Illinois Local Government: Article -
  Amendatory provisions; text omitted
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 100
  (Amendatory provisions; text omitted). (Source: P.A. 96-939, eff. 6-24-10; text omitted.)
• Illinois Local Government: Article -
  Amendatory provisions; text omitted
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 105
  (Amendatory provisions; text omitted). (Source: P.A. 96-939, eff. 6-24-10; text omitted.)
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 995
  No acceleration or delay. Where this Act makes changes in a statute that is represented in this Act by text that is not yet or...
• Illinois Innovation Development and Economy Act. - 50 ILCS 470, Section 999
  Effective date. This Act takes effect upon becoming law, except that Section 63 takes effect on July 1, 2010 and Section 66 takes effect January...

Last modified: February 18, 2015