Illinois Compiled Statutes 70 ILCS 3210 Downstate Illinois Sports Facilities Authority Act. Section 45

    (70 ILCS 3210/45)

    Sec. 45. Reporting. Promptly following entering into a management agreement, an assistance agreement, or a loan agreement involving a new facility or facility site, the Authority shall submit a detailed written report and findings of the Authority with respect to the proposed management agreement, assistance agreement, or loan agreement to the General Assembly.

    The report and findings of the Authority shall include the following:

        (A) A detailed plan of the method of funding the

    management agreement, assistance agreement, or loan agreement;

        (B) An evaluation of the economic consequences of the

    proposed management agreement, assistance agreement, or loan agreement; and

        (C) If applicable, an analysis of the reasons for

    acquiring a site for constructing a new facility.

(Source: P.A. 93-227, eff. 1-1-04.)

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Last modified: February 18, 2015