Illinois Compiled Statutes 70 Special Districts: Article IV - Finances

• Illinois Regional Transportation Authority Act. - 70 ILCS 3615, Section 4.01
  Budget and Program. (a) The Board shall control the finances of the Authority. It shall by ordinance adopted by the affirmative vote of at least...
• Illinois Regional Transportation Authority Act. - 70 ILCS 3615, Section 4.01a
  (Repealed). (Source: P.A. 86-463. Repealed by P.A. 90-273, eff. 7-30-97.)
• Illinois Regional Transportation Authority Act. - 70 ILCS 3615, Section 4.02
  Federal, State and Other Funds. (a) The Authority shall have the power to apply for, receive and expend grants, loans or other funds from the...
• Illinois Regional Transportation Authority Act. - 70 ILCS 3615, Section 4.02a
  Chicago Transit Authority contributions to pension funds. (a) The Authority shall continually review the Chicago Transit Authority's payment of the required contributions to its retirement...
• Illinois Regional Transportation Authority Act. - 70 ILCS 3615, Section 4.02b
  Other contributions to pension funds. (a) The Authority shall continually review the payment of the required employer contributions to affected pension plans under Section 22-103...
• Illinois Regional Transportation Authority Act. - 70 ILCS 3615, Section 4.03
  Taxes. (a) In order to carry out any of the powers or purposes of the Authority, the Board may by ordinance adopted with the concurrence...
• Illinois Regional Transportation Authority Act. - 70 ILCS 3615, Section 4.03.1
  (a) The Board may impose a tax upon all persons engaged in the business of renting automobiles in the metropolitan region at the rate...
• Illinois Regional Transportation Authority Act. - 70 ILCS 3615, Section 4.03.3
  Distribution of Revenues. This Section applies only after the Department begins administering and enforcing an increased tax under Section 4.03(m) as authorized by this amendatory...
• Illinois Regional Transportation Authority Act. - 70 ILCS 3615, Section 4.04
  Issuance and Pledge of Bonds and Notes. (a) The Authority shall have the continuing power to borrow money and to issue its negotiable bonds or...
• Illinois Regional Transportation Authority Act. - 70 ILCS 3615, Section 4.05
  Financial Statements and Annual Reports. Within six months after the end of each fiscal year, the Board shall prepare a complete and detailed report...
• Illinois Regional Transportation Authority Act. - 70 ILCS 3615, Section 4.06
  Public bidding. (a) The Board shall adopt regulations to ensure that the construction or acquisition by the Authority or a Service Board other than the...
• Illinois Regional Transportation Authority Act. - 70 ILCS 3615, Section 4.07
  Bonds, Notes and Certificates to be Legal Investments. The State, all units of local government, all public officers, banks, bankers, trust companies, savings banks...
• Illinois Regional Transportation Authority Act. - 70 ILCS 3615, Section 4.08
  Exemption from Taxation. The Authority and the Service Boards shall be exempt from all State and unit of local government taxes and registration and...
• Illinois Regional Transportation Authority Act. - 70 ILCS 3615, Section 4.09
  Public Transportation Fund and the Regional Transportation Authority Occupation and Use Tax Replacement Fund. (a)(1) As soon as possible after the first day of each...
• Illinois Regional Transportation Authority Act. - 70 ILCS 3615, Section 4.10
  Agreements with the Chicago Transit Authority. The Authority shall not for any fiscal year of the Authority release to the Chicago Transit Authority any...
• Illinois Regional Transportation Authority Act. - 70 ILCS 3615, Section 4.11
  Budget Review Powers. (a) Based upon estimates which shall be given to the Authority by the Director of the Governor's Office of Management and Budget...
• Illinois Regional Transportation Authority Act. - 70 ILCS 3615, Section 4.12
  RTA Strategic Capital Improvement Program. The program created by this amendatory Act of 1989 in Sections 4.12 and 4.13 shall be known as the...
• Illinois Regional Transportation Authority Act. - 70 ILCS 3615, Section 4.13
  Annual Capital Improvement Plan. (a) With respect to each calendar year, the Authority shall prepare as part of its Five Year Program an Annual Capital...
• Illinois Regional Transportation Authority Act. - 70 ILCS 3615, Section 4.14
  Rate Protection Contract. "Rate Protection Contract" means interest rate price exchange agreements; currency exchange agreements; forward payment conversion agreements; contracts providing for payment or receipt...
• Illinois Regional Transportation Authority Act. - 70 ILCS 3615, Section 4.15
  Revolving door prohibition. No Director, Service Board director or member, former Director, or former Service Board director or member shall, during his or her term...
• Illinois Regional Transportation Authority Act. - 70 ILCS 3615, Section 4.16
  Severance and employment-related settlement agreements. If any of the Service Boards seek to enter into a severance agreement in excess of $50,000 or an employment-related...

Last modified: February 18, 2015