Illinois Compiled Statutes 55 Counties: Article -

• Illinois County Economic Development Project Area Property Tax Allocation Act. - 55 ILCS 85, Section 1
  Short title. This Act shall be known and may be cited as the County Economic Development Project Area Property Tax Allocation Act. (Source: P.A.
• Illinois County Economic Development Project Area Property Tax Allocation Act. - 55 ILCS 85, Section 2
  Legislative declaration of public purposes. The General Assembly hereby finds, determines and declares: (a) that the loss of job opportunities for the residents of...
• Illinois County Economic Development Project Area Property Tax Allocation Act. - 55 ILCS 85, Section 3
  Definitions. In this Act, words or terms shall have the following meanings unless the context usage clearly indicates that another meaning is intended. (a) "Department"...
• Illinois County Economic Development Project Area Property Tax Allocation Act. - 55 ILCS 85, Section 4
  Establishment of economic development project area; ordinance; joint review board; notice; hearing; changes in economic development plan; annual reporting requirements. Economic development project areas shall...
• Illinois County Economic Development Project Area Property Tax Allocation Act. - 55 ILCS 85, Section 5
  Submission to Department; certification by Department. (a) The county shall submit certified copies of any ordinances adopted approving a proposed economic development plan, establishing an...
• Illinois County Economic Development Project Area Property Tax Allocation Act. - 55 ILCS 85, Section 6
  Filing with county clerk; certification of initial equalized assessed value. (a) The county shall file a certified copy of any ordinance authorizing property tax allocation...
• Illinois County Economic Development Project Area Property Tax Allocation Act. - 55 ILCS 85, Section 7
  Creation of special tax allocation fund. If a county has adopted property tax allocation financing by ordinance for an economic development project area, the Department...
• Illinois County Economic Development Project Area Property Tax Allocation Act. - 55 ILCS 85, Section 8
  Issuance of obligations for economic development project costs. Obligations secured by the special tax allocation fund provided for in Section 7 for an economic...
• Illinois County Economic Development Project Area Property Tax Allocation Act. - 55 ILCS 85, Section 9
  Powers of counties. In addition to powers which it may now have, any county has the power under this Act: (a) To make and...
• Illinois County Economic Development Project Area Property Tax Allocation Act. - 55 ILCS 85, Section 9.5
  Eminent domain. Notwithstanding any other provision of this Act, any power granted under this Act to acquire property by condemnation or eminent domain is subject...
• Illinois County Economic Development Project Area Property Tax Allocation Act. - 55 ILCS 85, Section 10
  Conflicts of interests, disclosure. If any member of the corporate authorities of a county, or any employee or consultant of the county involved in...
• Illinois County Economic Development Project Area Property Tax Allocation Act. - 55 ILCS 85, Section 11
  Payment of project costs; revenues from county property. Revenues received by a county from any property, building or facility owned, leased or operated by...
• Illinois County Economic Development Project Area Property Tax Allocation Act. - 55 ILCS 85, Section 12
  Status report; hearing. No later than 10 years after the corporate authorities of a county adopt an ordinance to establish an economic development project area,...
• Illinois County Economic Development Project Area Property Tax Allocation Act. - 55 ILCS 85, Section 13
  Requirements for annual budget. Beginning in fiscal year 2011 and in each fiscal year thereafter, a county must detail in its annual budget (i) the...
• Illinois County Economic Development Project Area Property Tax Allocation Act. - 55 ILCS 85, Section 14
  This Act takes effect upon becoming a law. (Source: P.A. 86-1388.)

Last modified: February 18, 2015