Illinois Compiled Statutes 70 Special Districts: Article -

• Illinois Joliet Arsenal Development Authority Act. - 70 ILCS 508, Section 1
  Short title. This Act may be cited as the Joliet Arsenal Development Authority Act. (Source: P.A. 89-333, eff. 8-17-95.)
• Illinois Joliet Arsenal Development Authority Act. - 70 ILCS 508, Section 5
  Purpose. The purpose of this Act is to facilitate and promote the utilization of property formerly occupied and used by the United States government...
• Illinois Joliet Arsenal Development Authority Act. - 70 ILCS 508, Section 10
  Definitions. In this Act words and phrases have the meanings set forth in the following Sections. (Source: P.A. 89-333, eff. 8-17-95.)
• Illinois Joliet Arsenal Development Authority Act. - 70 ILCS 508, Section 10.5
  Authority. "Authority" means the Joliet Arsenal Development Authority created by this Act. (Source: P.A. 89-333, eff. 8-17-95.)
• Illinois Joliet Arsenal Development Authority Act. - 70 ILCS 508, Section 10.10
  Board. "Board" means the Board of Directors of the Authority. (Source: P.A. 89-333, eff. 8-17-95.)
• Illinois Joliet Arsenal Development Authority Act. - 70 ILCS 508, Section 10.15
  Commercial project. "Commercial project" means any project, including but not limited to one or more buildings and other structures, improvements, machinery, and equipment whether...
• Illinois Joliet Arsenal Development Authority Act. - 70 ILCS 508, Section 10.20
  Costs incurred in connection with the development, construction, acquisition, or improvement of a project. "Costs incurred in connection with the development, construction, acquisition, or...
• Illinois Joliet Arsenal Development Authority Act. - 70 ILCS 508, Section 10.25
  Financial aid. "Financial aid" means the expenditure of Authority funds or funds provided by the Authority through the issuance of its revenue bonds, notes,...
• Illinois Joliet Arsenal Development Authority Act. - 70 ILCS 508, Section 10.30
  Governmental agency. "Governmental agency" means any federal, State, or local governmental body, and any agency or instrumentality thereof, corporate or otherwise. (Source: P.A. 89-333,...
• Illinois Joliet Arsenal Development Authority Act. - 70 ILCS 508, Section 10.35
  Industrial project. "Industrial project" means (1) a capital project, including one or more buildings and other structures, improvements, machinery, and equipment, whether or not...
• Illinois Joliet Arsenal Development Authority Act. - 70 ILCS 508, Section 10.40
  Lease agreement. "Lease agreement" means an agreement under which a project acquired by the Authority by purchase, gift, or lease is leased to any...
• Illinois Joliet Arsenal Development Authority Act. - 70 ILCS 508, Section 10.45
  Loan agreement. "Loan agreement" means any agreement by which the Authority agrees to loan the proceeds of its revenue bonds, notes, or other evidences...
• Illinois Joliet Arsenal Development Authority Act. - 70 ILCS 508, Section 10.50
  Person. "Person" includes without limitation an individual, corporation, partnership, unincorporated association, and any other legal entity, including a trustee, receiver, assignee, or personal representative...
• Illinois Joliet Arsenal Development Authority Act. - 70 ILCS 508, Section 10.55
  Project. "Project" means an industrial or commercial project or any combination thereof provided that all uses shall fall within one of those categories. Any...
• Illinois Joliet Arsenal Development Authority Act. - 70 ILCS 508, Section 10.60
  Revenue bond or bond. "Revenue bond" or "bond" means any bond issued by the Authority, the principal and interest of which are payable solely...
• Illinois Joliet Arsenal Development Authority Act. - 70 ILCS 508, Section 10.65
  Terminal. "Terminal" means a public place, station, or depot for receiving and delivering passengers, baggage, mail, freight, or express matter and any combination thereof...
• Illinois Joliet Arsenal Development Authority Act. - 70 ILCS 508, Section 10.70
  Terminal facilities. "Terminal facilities" means all land, buildings, structures, improvements, equipment, and appliances useful in the operation of public warehouse, storage, and transportation facilities...
• Illinois Joliet Arsenal Development Authority Act. - 70 ILCS 508, Section 15
  Creation of Authority; Board members; officers. (a) The Joliet Arsenal Development Authority is created as a political subdivision, body politic, and municipal corporation. (b) The...
• Illinois Joliet Arsenal Development Authority Act. - 70 ILCS 508, Section 20
  Actions of the Authority. All official acts of the Authority shall require the affirmative vote of at least 6 members of the Board at...
• Illinois Joliet Arsenal Development Authority Act. - 70 ILCS 508, Section 25
  Powers. The Authority possesses all powers of a body corporate necessary and convenient to accomplish the purpose of this Act, including without limitation the...
• Illinois Joliet Arsenal Development Authority Act. - 70 ILCS 508, Section 27
  Annexation. The Authority shall make its best effort to annex the parcels of property that are subject to the jurisdiction of the Authority to...
• Illinois Joliet Arsenal Development Authority Act. - 70 ILCS 508, Section 30
  Limitations. If any of the Authority's powers are exercised within the jurisdiction limits of any municipality, all ordinances of that municipality shall remain in...
• Illinois Joliet Arsenal Development Authority Act. - 70 ILCS 508, Section 35
  Revenue Bonds. (a) The Authority shall have the continuing power to issue revenue bonds, notes, or other evidences of indebtedness in an aggregate amount...
• Illinois Joliet Arsenal Development Authority Act. - 70 ILCS 508, Section 40
  Acquisition. (a) The Authority may, but need not, acquire title to any project with respect to which it exercises its authority. (b) The Authority shall...
• Illinois Joliet Arsenal Development Authority Act. - 70 ILCS 508, Section 45
  Designation of depository. The Authority shall biennially designate a national or State bank or banks as depositories of its money. Those depositories shall be...
• Illinois Joliet Arsenal Development Authority Act. - 70 ILCS 508, Section 50
  Reports. The Authority shall annually submit a report of its finances to the Auditor General. The Authority shall annually submit a report of its...
• Illinois Joliet Arsenal Development Authority Act. - 70 ILCS 508, Section 55
  Abolition of Authority. The Authority shall be abolished upon the last to occur of the following: (1) expiration of the 25-year period that begins on...
• Illinois Joliet Arsenal Development Authority Act. - 70 ILCS 508, Section 99
  Effective date. This Act takes effect July 1, 1995. (Source: P.A. 89-333, eff. 8-17-95.)

Last modified: February 18, 2015