Illinois Compiled Statutes 70 ILCS 504 Central Illinois Economic Development Authority Act. Section 60

    (70 ILCS 504/60)

    Sec. 60. Taxation prohibited. The Authority shall have no right or authority to levy any tax or special assessment, to pledge the credit of the State or any other subdivision or municipal corporation thereof, or to incur any obligation enforceable upon any property, either within or without the territory of the Authority.

(Source: P.A. 94-995, eff. 7-3-06.)

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Last modified: February 18, 2015