Illinois Compiled Statutes 65 Municipalities: Article -

• Illinois Economic Development Project Area Tax Increment Allocation Act of 1995. - 65 ILCS 110, Section 1
  Short title. This Act may be cited as the Economic Development Project Area Tax Increment Allocation Act of 1995. (Source: P.A. 89-176, eff. 1-1-96.)
• Illinois Economic Development Project Area Tax Increment Allocation Act of 1995. - 65 ILCS 110, Section 5
  Legislative Declaration. (a) The General Assembly finds, determines, and declares the following: (1) Actions taken by the Secretary of Defense to close military installations...
• Illinois Economic Development Project Area Tax Increment Allocation Act of 1995. - 65 ILCS 110, Section 10
  Definitions. In this Act, words or terms have the following meanings: (a) "Closed military installation" means a former base, camp, post, station, yard, center,...
• Illinois Economic Development Project Area Tax Increment Allocation Act of 1995. - 65 ILCS 110, Section 15
  Establishment of economic development project areas; Notice. (a) The corporate authorities of a municipality shall by ordinance propose the establishment of an economic development...
• Illinois Economic Development Project Area Tax Increment Allocation Act of 1995. - 65 ILCS 110, Section 20
  Public hearing. At the public hearing, any interested person or any affected taxing district may file written objections with the municipal clerk and may...
• Illinois Economic Development Project Area Tax Increment Allocation Act of 1995. - 65 ILCS 110, Section 25
  Changes in plan. (a) At the public hearing or at any time before the adoption by the municipality of an ordinance approving an economic...
• Illinois Economic Development Project Area Tax Increment Allocation Act of 1995. - 65 ILCS 110, Section 30
  Ordinance adopted after public hearing. (a) At any time within 30 days of the final adjournment of the public hearing, a municipality may, by...
• Illinois Economic Development Project Area Tax Increment Allocation Act of 1995. - 65 ILCS 110, Section 35
  Amendment of plan. (a) After a municipality has by ordinance approved an economic development plan and established an economic development project area, the plan...
• Illinois Economic Development Project Area Tax Increment Allocation Act of 1995. - 65 ILCS 110, Section 40
  Limitation on number of economic development project areas. No municipality shall be authorized under this Act to establish economic development project areas and to...
• Illinois Economic Development Project Area Tax Increment Allocation Act of 1995. - 65 ILCS 110, Section 45
  Filing with county clerk; certification of initial equalized assessed value. (a) A municipality that has by ordinance approved an economic development plan, established an economic...
• Illinois Economic Development Project Area Tax Increment Allocation Act of 1995. - 65 ILCS 110, Section 50
  Special tax allocation fund. (a) If a county clerk has certified the "total initial equalized assessed value" of the taxable real property within an economic...
• Illinois Economic Development Project Area Tax Increment Allocation Act of 1995. - 65 ILCS 110, Section 55
  Issuance of obligations for economic development project costs. (a) Obligations secured by the special tax allocation fund provided for in Section 50 for the...
• Illinois Economic Development Project Area Tax Increment Allocation Act of 1995. - 65 ILCS 110, Section 57
  Cancellation and repayment of tax benefits. Any tax abatement or benefit granted by a taxing district under an agreement entered into under this Act...
• Illinois Economic Development Project Area Tax Increment Allocation Act of 1995. - 65 ILCS 110, Section 60
  Powers of municipalities; economic development project area commissions. In addition to powers that it may now have, a municipality has the following powers under...
• Illinois Economic Development Project Area Tax Increment Allocation Act of 1995. - 65 ILCS 110, Section 62
  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 Economic Development Project Area Tax Increment Allocation Act of 1995. - 65 ILCS 110, Section 65
  Conflicts of interest; disclosure. (a) If any member of the corporate authorities of a municipality or an employee or consultant of the municipality involved...
• Illinois Economic Development Project Area Tax Increment Allocation Act of 1995. - 65 ILCS 110, Section 70
  Payment of project costs; revenues from municipal property. Revenues received by the municipality from any property, building, or facility owned, leased, or operated by...
• Illinois Economic Development Project Area Tax Increment Allocation Act of 1995. - 65 ILCS 110, Section 72
  Status report; hearing. No later than 10 years after the corporate authorities of a municipality adopt an ordinance to establish an economic development project area,...
• Illinois Economic Development Project Area Tax Increment Allocation Act of 1995. - 65 ILCS 110, Section 74
  Requirement for annual budget. Beginning in fiscal year 2011 and in each fiscal year thereafter, a municipality must detail in its annual budget (i) the...
• Illinois Economic Development Project Area Tax Increment Allocation Act of 1995. - 65 ILCS 110, Section 75
  Partial invalidity. If any Section, subdivision, paragraph, sentence, or clause of this Act is, for any reason, held to be invalid or unconstitutional, the...

Last modified: February 18, 2015