Illinois Compiled Statutes 70 Special Districts: Article -

• Illinois Southwestern Illinois Development Authority Act. - 70 ILCS 520, Section 1
  This Act shall be known and may be cited as the "Southwestern Illinois Development Authority Act". (Source: P.A. 85-591.)
• Illinois Southwestern Illinois Development Authority Act. - 70 ILCS 520, Section 2
  The General Assembly hereby determines and declares: (a) That labor surplus areas currently exist in the southwestern part of the State; (b) That the...
• Illinois Southwestern Illinois Development Authority Act. - 70 ILCS 520, Section 3
  The following terms, whenever used or referred to in this Act, shall have the following meanings, except in such instances where the context may clearly...
• Illinois Southwestern Illinois Development Authority Act. - 70 ILCS 520, Section 4
  (a) There is hereby created a political subdivision, body politic and municipal corporation named the Southwestern Illinois Development Authority. The territorial jurisdiction of the Authority...
• Illinois Southwestern Illinois Development Authority Act. - 70 ILCS 520, Section 5
  All official acts of the Authority shall require the approval of at least 8 members. It shall be the duty of the Authority to promote...
• Illinois Southwestern Illinois Development Authority Act. - 70 ILCS 520, Section 6
  (a) The Authority possesses all the powers of a body corporate necessary and convenient to accomplish the purposes of this Act, including, without any...
• Illinois Southwestern Illinois Development Authority Act. - 70 ILCS 520, Section 7
  (a) The Authority, with the written approval of the Governor, shall have the continuing power to issue bonds, notes, or other evidences of indebtedness...
• Illinois Southwestern Illinois Development Authority Act. - 70 ILCS 520, Section 7.1
  Any unit of local government which is authorized to issue, sell and deliver its local government securities under any provision of the Illinois Constitution...
• Illinois Southwestern Illinois Development Authority Act. - 70 ILCS 520, Section 7.2
  (a) Any unit of local government which receives funds from the Department of Revenue, including without limitation funds received pursuant to Sections 8-11-1, 8-11-1.4...
• Illinois Southwestern Illinois Development Authority Act. - 70 ILCS 520, Section 7.3
  The Authority may issue a single bond issue pursuant to this Act for a group of industrial projects, a group of housing projects, a...
• Illinois Southwestern Illinois Development Authority Act. - 70 ILCS 520, Section 7.5
  Tax exemption of bonds. The issuance of bonds under this Act is deemed an essential public and governmental purpose. Interest on the bonds issued...
• Illinois Southwestern Illinois Development Authority Act. - 70 ILCS 520, Section 8
  (a) The Authority may, but need not, acquire title to any project with respect to which it exercises its authority. (b) The Authority shall have...
• Illinois Southwestern Illinois Development Authority Act. - 70 ILCS 520, Section 8.5
  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 Southwestern Illinois Development Authority Act. - 70 ILCS 520, Section 9
  In addition to the power and authority heretofore conferred upon the Authority, the Authority, in its own name, shall have full power and authority:...
• Illinois Southwestern Illinois Development Authority Act. - 70 ILCS 520, Section 10
  Enterprise Zone. The Authority may by ordinance designate a portion of the territorial jurisdiction of the Authority for certification as an Enterprise Zone under...
• Illinois Southwestern Illinois Development Authority Act. - 70 ILCS 520, Section 11
  The Authority shall biennially designate a national or State bank or banks as depositories of its money. Such depositories shall be designated only within...
• Illinois Southwestern Illinois Development Authority Act. - 70 ILCS 520, Section 11.1
  (a) No member of the Authority or officer, agent, or employee of the Authority shall, in his or her own name or in the...
• Illinois Southwestern Illinois Development Authority Act. - 70 ILCS 520, Section 12
  The Authority shall have no right or authority to levy any tax or special assessment, to pledge the credit of the State or any...
• Illinois Southwestern Illinois Development Authority Act. - 70 ILCS 520, Section 13
  The Authority may collect fees and charges in connection with its loans, commitments and servicing and provide technical assistance in the development of the...

Last modified: February 18, 2015