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Public Act 093-0874 |
SB1914 Enrolled |
LRB093 08746 RCE 08976 b |
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AN ACT in relation to economic development.
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Be it enacted by the People of the State of Illinois, |
represented in the General Assembly:
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Section 5. Short title. This Act may be cited as the |
Western Illinois
Economic Development Authority
Act.
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Section 10. Findings. The General Assembly determines and |
declares the
following:
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(1) that labor surplus areas currently exist in western |
Illinois;
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(2) that the economic burdens resulting from involuntary |
unemployment fall,
in part, upon the State in
the form of |
increased need for public assistance and reduced tax revenues |
and,
in the event that the
unemployed worker and his or her |
family migrate elsewhere to find work, the
burden may also fall |
upon
the municipalities and other taxing districts within the |
areas of unemployment
in the form of reduced tax
revenues, |
thereby endangering their financial ability to support |
necessary
governmental services for their
remaining |
inhabitants;
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(3) that the State has a responsibility to help create a |
favorable climate
for new and improved job
opportunities for |
its citizens by encouraging the development of commercial and
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service businesses and
industrial and manufacturing plants |
within the western region of Illinois;
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(4) that a lack of decent housing contributes to urban |
blight, crime,
anti-social behavior, disease, a higher
need for |
public assistance, reduced tax revenues, and the migration of |
workers
and their families away from
areas which fail to offer |
adequate, decent, and affordable housing;
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(5) that decent, affordable housing is a necessary |
ingredient of life
affording each citizen basic human
dignity, |
a sense of self-worth, confidence, and a firm foundation upon |
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which to
build a family and educate
children;
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(6) that in order to foster civic and neighborhood pride, |
citizens require
access to educational institutions,
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recreation, parks and open spaces, entertainment, sports, a |
reliable
transportation network, cultural
facilities, and |
theaters; and
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(7) that the main purpose of this Act is to promote |
industrial, commercial,
residential, service,
transportation, |
and recreational activities and facilities, thereby reducing
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the evils attendant upon
unemployment and enhancing the public |
health, safety, morals, happiness, and
general welfare of the |
State.
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Section 15. Definitions. In this Act:
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"Authority" means the Western Illinois Economic |
Development Authority.
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"Governmental agency" means any federal, State, or local |
governmental body
and any agency or
instrumentality thereof, |
corporate or otherwise.
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"Person" means any natural person, firm, partnership, |
corporation, both
domestic and foreign,
company, association |
or joint stock association and includes any trustee,
receiver, |
assignee or personal
representative thereof.
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"Revenue bond" means any bond issued by the Authority, the |
principal and
interest of which is payable
solely from revenues |
or income derived from any project or activity of the
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Authority.
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"Board" means the Board of Directors of the Western |
Illinois Economic
Development Authority.
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"Governor" means the Governor of the State of Illinois.
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"City" means any city, village, incorporated town, or |
township within the
geographical territory of the
Authority.
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"Industrial project" means the following:
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(1) a capital project, including one or more buildings and |
other
structures, improvements,
machinery and equipment |
whether or not on the same site or sites now existing
or |
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hereafter acquired,
suitable for use by any manufacturing, |
industrial, research, transportation or
commercial enterprise
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including but not limited to use as a factory, mill, processing |
plant, assembly
plant, packaging plant,
fabricating plant, |
ethanol plant, office building, industrial distribution
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center, warehouse,
repair, overhaul or service
facility, |
freight terminal, research facility, test facility, railroad
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facility, port facility, solid waste and wastewater
treatment |
and disposal sites and other pollution control facilities, |
resource
or waste reduction, recovery,
treatment and disposal |
facilities, and including also the sites thereof and
other |
rights in land therefore
whether improved or unimproved, site |
preparation and landscaping and all
appurtenances and |
facilities
incidental thereto such as utilities, access roads, |
railroad sidings, truck
docking and similar facilities,
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parking facilities, dockage, wharfage, railroad roadbed, |
track, trestle, depot,
terminal, switching and
signaling |
equipment or related equipment and other improvements |
necessary or
convenient thereto; or
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(2) any land, buildings, machinery or equipment comprising |
an addition to or
renovation,
rehabilitation or improvement of |
any existing capital project.
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"Commercial project" means any project, including, but not |
limited to, one or
more buildings and other
structures, |
improvements, machinery, and equipment, whether or not on the |
same
site or sites now existing
or hereafter acquired, suitable |
for use by any retail or wholesale concern,
distributorship, or |
agency.
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"Project" means an industrial, housing, residential, |
commercial, or service
project, or any combination
thereof, |
provided that all uses fall within one of the categories |
described
above. Any project automatically
includes all site |
improvements and new construction involving sidewalks,
sewers, |
solid waste and
wastewater treatment and disposal sites and |
other pollution control facilities,
resource or waste |
reduction,
recovery, treatment and disposal facilities, parks, |
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open spaces, wildlife
sanctuaries, streets, highways, and
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runways.
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"Lease agreement" means an agreement in which a project |
acquired by the
Authority by purchase, gift,
or lease is leased |
to any person or corporation that will use, or cause the
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project to be used, as a project,
upon terms providing for |
lease rental payments at least sufficient to pay, when due, all |
principal of and
interest and premium, if any, on any bonds, |
notes, or other evidences of indebtedness of the Authority,
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issued with respect to the project, providing for the |
maintenance, insurance, and operation of the project on
terms |
satisfactory to the Authority and providing for disposition of |
the project upon termination of the lease
term, including |
purchase options or abandonment of the premises, with other |
terms as may be deemed
desirable by the Authority.
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"Loan agreement" means any agreement in which the Authority |
agrees to loan
the proceeds of its bonds,
notes, or other |
evidences of indebtedness, issued with respect to a project, to
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any person or corporation
which will use or cause the project |
to be used as a project, upon terms
providing for loan |
repayment
installments at least sufficient to pay, when due, |
all principal of and
interest and premium, if any, on any
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bonds, notes, or other evidences of indebtedness of the |
Authority issued with
respect to the project,
providing for |
maintenance, insurance, and operation of the project on terms
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satisfactory to the Authority
and providing for other terms |
deemed advisable by the Authority.
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"Financial aid" means the expenditure of Authority funds or |
funds provided by
the Authority for the
development, |
construction, acquisition or improvement of a project, through |
the
issuance of revenue bonds,
notes, or other evidences of |
indebtedness.
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"Costs incurred in connection with
the development, |
construction, acquisition or improvement of a
project" means |
the following:
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(1) the cost of purchase and construction of all lands and |
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improvements in
connection therewith and
equipment and other |
property, rights, easements, and franchises acquired which
are |
deemed necessary for
the construction;
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(2) financing charges;
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(3) interest costs with respect to bonds, notes, and other |
evidences of
indebtedness of the Authority
prior to and during |
construction and for a period of 6 months thereafter;
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(4) engineering and legal expenses; and
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(5) the costs of plans, specifications, surveys, and |
estimates of costs and
other expenses necessary or
incident to |
determining the feasibility or practicability of any project,
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together with such other expenses as
may be necessary or |
incident to the financing, insuring, acquisition, and
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construction of a specific project
and the placing of the same |
in operation.
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Section 20. Creation.
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(a) There is created a political subdivision, body politic, |
and municipal
corporation named the Western
Illinois Economic |
Development Authority. The territorial jurisdiction of the
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Authority is that geographic
area within the boundaries of the |
following counties: Warren,
Henderson, Hancock,
McDonough, |
Fulton, Mason, Cass, Schuyler, Brown, Adams, Scott, Morgan,
and |
Pike and any
navigable waters and
air space located therein.
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(b) The governing and administrative powers of the |
Authority shall be vested
in a body consisting of 21
members as |
follows:
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(1) Ex officio members. The Director of Commerce and
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Economic Opportunity, or
a designee of that Department, and |
the Director of Central
Management Services, or a
designee |
of that Department, shall serve as ex officio members.
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(2) Public members. Six members shall be appointed by |
the Governor with the advice and
consent of the Senate. The |
county board chairmen of the following counties
shall each |
appoint one
member: Warren, Henderson, Hancock, McDonough, |
Fulton, Mason,
Cass, Schuyler, Brown,
Adams, Scott, |
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Morgan, and Pike. All public members shall reside within
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the territorial
jurisdiction of the Authority.
The public |
members shall be persons of recognized ability and |
experience in one
or more of the following
areas: economic |
development, finance, banking, industrial development, |
state or
local government, commercial agriculture, small
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business management, real
estate development, community |
development, venture finance, organized labor, or
civic or |
community
organization.
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(c) 11 members shall constitute a quorum.
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(d) The chairman of the Authority shall be elected annually |
by the Board and must be a public member that resides within |
the territorial jurisdiction of the Authority.
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(e) The terms of all initial members of the Authority shall |
begin 30 days
after the effective date of this
Act.
Of the 6 |
original public members appointed by the Governor, 2
shall |
serve until the third Monday in January, 2005; 1 shall serve |
until the
third Monday in January, 2006; 1 shall serve until |
the third Monday in January,
2007; 1 shall serve until the |
third Monday in January, 2008; and 1 shall serve
until the |
third Monday in January, 2009. The initial terms of the |
original public members appointed by the county board chairmen |
shall be determined by lot, according to the following |
schedule: (i) 3 shall serve until the third Monday in January, |
2005, (ii) 3 shall serve until the third Monday in January, |
2006, (iii) 3 shall serve until the third Monday in January, |
2007, (iv) 2 shall serve until the third Monday in January, |
2008, and (v) 2 shall serve until the third Monday in January, |
2009. All successors to these original
public
members shall be |
appointed by the original appointing authority and all |
appointments made by the Governor shall be made with the advice |
and consent of the Senate, pursuant to subsection (b), and |
shall hold office for a term of 6 years
commencing the third |
Monday in January of the year in which their term
commences, |
except in the case of an appointment to fill a vacancy.
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Vacancies occurring among the public members shall be filled |
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for the
remainder of the term. In case of
vacancy in a |
Governor-appointed membership when the Senate is not in |
session,
the Governor may make a
temporary appointment until |
the next meeting of the Senate when a person shall
be nominated |
to fill the
office and, upon confirmation by the Senate, he or |
she shall hold office during
the remainder of the term
and |
until a successor is appointed and qualified. Members of the |
Authority are
not entitled to
compensation for their services |
as members but are entitled to reimbursement
for all necessary |
expenses
incurred in connection with the performance of their |
duties as members.
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(f) The Governor may remove any public member of the |
Authority in case of
incompetence, neglect of
duty, or |
malfeasance in office. The chairman of a county board may |
remove any
public member appointed
by that chairman in the case |
of incompetence, neglect of duty, or malfeasance
in office.
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(g) The Board shall appoint an Executive Director who shall |
have a
background in finance, including
familiarity with the |
legal and procedural requirements of issuing bonds, real
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estate, or economic
development and administration. The |
Executive Director shall hold office at the
discretion of the |
Board.
The Executive Director shall be the chief administrative |
and operational
officer of the Authority, shall
direct and |
supervise its administrative affairs and general management, |
perform
such other duties as may
be prescribed from time to |
time by the members, and receive compensation fixed
by the |
Authority. The Department of Commerce and Community Affairs |
shall pay
the compensation of the Executive Director from |
appropriations received for
that purpose. The
Executive |
Director shall attend all meetings of the Authority. However, |
no
action of the Authority shall be
invalid on account of the |
absence of the Executive Director from a meeting. The
Authority |
may engage
the services of
the Illinois Finance Authority, |
attorneys, appraisers, engineers, accountants,
credit |
analysts, and other consultants if the Western Illinois |
Economic
Development Authority deems it advisable.
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Section 25. Duty. All official acts of the Authority shall |
require the
approval of at least 11 members. It
shall be the |
duty of the Authority to promote development within the |
geographic
confines of
Warren, Henderson, Hancock, McDonough, |
Fulton, Mason, Cass, Schuyler, Brown,
Adams, Scott, Morgan, and |
Pike
counties. The Authority shall use the powers conferred |
upon it to assist in the
development, construction,
and |
acquisition of industrial, commercial, housing, or residential |
projects
within those counties.
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Section 30. Powers.
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(a) The Authority possesses all the powers of a body |
corporate necessary and
convenient to accomplish
the purposes |
of this Act, including, without any intended limitation upon |
the
general powers hereby
conferred, the following powers:
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(1) to enter into loans, contracts, agreements, and |
mortgages in any
matter connected with any of
its corporate |
purposes and to invest its funds;
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(2) to sue and be sued;
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(3) to utilize services of the Illinois Finance |
Authority necessary to
carry out its purposes;
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(4) to have and use a common seal and to alter the seal |
at its discretion;
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(5) to adopt all needful ordinances, resolutions, |
bylaws, rules, and
regulations for the conduct of
its |
business and affairs and for the management and use of the |
projects
developed, constructed, acquired,
and improved in |
furtherance of its purposes;
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(6) to designate the fiscal year for the Authority;
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(7) to accept and expend appropriations;
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(8) to acquire, own, lease, sell, or otherwise dispose |
of interests in and
to real property and
improvements |
situated on that real property and in personal property |
necessary
to fulfill the purposes of the
Authority;
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(9) to engage in any activity or operation which is |
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incidental to and in
furtherance of efficient
operation to |
accomplish the Authority's primary purpose;
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(10) to acquire, own, construct, lease, operate, and |
maintain bridges,
terminals, terminal facilities,
and port |
facilities and to fix and collect just, reasonable, and
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nondiscriminatory charges for the use of such
facilities. |
These charges shall be used to defray the reasonable |
expenses of
the Authority and to pay the
principal and |
interest of any revenue bonds issued by the Authority;
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(11) subject to any applicable condition imposed by |
this Act, to locate,
establish and maintain a
public |
airport, public airports and public airport facilities |
within its
corporate limits or within or upon any
body of |
water adjacent thereto and to construct, develop, expand, |
extend and
improve any such airport or
airport facility; |
and
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(12) to have and exercise all powers and be subject to |
all duties usually
incident to boards of
directors of |
corporations.
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(b) The Authority shall not issue any bonds relating to the |
financing of a
project located within the
planning and |
subdivision control jurisdiction of any municipality or county
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unless: (i) notice, including a
description of the proposed |
project and the financing for that project, is
submitted to the |
corporate
authorities of the municipality or, in the case of a |
proposed project in an
unincorporated area, to the county
board |
and (ii) the corporate authorities of the municipality do not, |
or the
county board does not, adopt a
resolution disapproving |
the project within 45 days after receipt of the notice.
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(c) If any of the powers set forth in this Act are |
exercised within the
jurisdictional limits of any
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municipality, all ordinances of the municipality remain in full |
force and
effect and are controlling.
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Section 35. Tax avoidance. Notwithstanding any other |
provision of law, the
Authority shall not enter into
any |
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agreement providing for the purchase and lease of tangible |
personal
property which results in the
avoidance of taxation |
under the Retailers' Occupation Tax Act, the Use Tax Act,
the |
Service Use Tax Act,
or the Service Occupation Tax Act, without |
the prior written consent of the
Governor.
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Section 40. Bonds.
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(a) The Authority, with the written approval of the |
Governor, shall have the
continuing power to issue
bonds, |
notes, or other evidences of indebtedness in an aggregate |
amount not to
exceed $250,000,000 for the
following purposes: |
(i) development, construction, acquisition, or improvement
of |
projects, including those
established by business entities |
locating or expanding property within the
territorial |
jurisdiction of the
Authority; (ii) entering into venture |
capital agreements with businesses
locating or expanding |
within the
territorial jurisdiction of the Authority; (iii) |
acquisition and improvement of
any property necessary and
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useful in connection therewith; and (iv) for the purposes of |
the Employee
Ownership Assistance Act. For
the purpose of |
evidencing the obligations of the Authority to repay any money
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borrowed, the Authority
may, pursuant to resolution, from time |
to time, issue and dispose of its interest-bearing revenue |
bonds,
notes, or other evidences of indebtedness and may also |
from time to time issue and dispose of such bonds,
notes, or |
other evidences of indebtedness to refund, at maturity, at a |
redemption date or in advance of
either, any bonds, notes, or |
other evidences of indebtedness pursuant to redemption |
provisions or at any
time before maturity. All such bonds, |
notes, or other evidences of indebtedness shall be payable |
solely and
only from the revenues or income to be derived from |
loans made with respect to projects, from the leasing
or sale |
of the projects, or from any other funds available to the |
Authority for such purposes. The bonds,
notes, or other |
evidences of indebtedness may bear such date or dates, may |
mature at such time or times not
exceeding 40 years from their |
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respective dates, may bear interest at such rate or rates not |
exceeding the
maximum rate permitted by the Bond Authorization |
Act, may be in such form, may carry such registration
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privileges, may be executed in such manner, may be payable at |
such place or places, may be made subject
to redemption in such |
manner and upon such terms, with or without premium, as is |
stated on the face
thereof, may be authenticated in such manner |
and may contain such terms and
covenants as may be
provided by |
an applicable resolution.
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(b) The holder or holders of any bonds, notes, or other |
evidences of
indebtedness issued by the
Authority may bring |
suits at law or proceedings in equity to compel the
performance |
and observance by
any corporation or person or by the Authority |
or any of its agents or employees
of any contract or covenant
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made with the holders of the bonds, notes, or other evidences |
of indebtedness,
to compel such corporation,
person, the |
Authority, and any of its agents or employees to perform any |
duties
required to be performed
for the benefit of the holders |
of the bonds, notes, or other evidences of
indebtedness by the |
provision of the
resolution authorizing their issuance and to |
enjoin the corporation, person,
the Authority, and any of its
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agents or employees from taking any action in conflict with any |
contract or
covenant.
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(c) If the Authority fails to pay the principal of or |
interest on any of the
bonds or premium, if any, as the
bond |
becomes due, a civil action to compel payment may be instituted |
in the
appropriate circuit court by
the holder or holders of |
the bonds on which the default of payment exists or by
an |
indenture trustee acting
on behalf of the holders. Delivery of |
a summons and a copy of the complaint to
the chairman of the |
Board
shall constitute sufficient service to give the circuit |
court jurisdiction over
the subject matter of the suit and
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jurisdiction over the Authority and its officers named as |
defendants for the
purpose of compelling such
payment. Any |
case, controversy, or cause of action concerning the validity |
of
this Act relates to the
revenue of the State of Illinois.
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(d) Notwithstanding the form and tenor of any bond, note, |
or other evidence
of indebtedness and in
the absence of any |
express recital on its face that it is non-negotiable, all
such |
bonds, notes, and other
evidences of indebtedness shall be |
negotiable instruments. Pending the
preparation and execution |
of any
bonds, notes, or other evidences of indebtedness, |
temporary bonds, notes, or
evidences of indebtedness may
be |
issued as provided by ordinance.
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(e) To secure the payment of any or all of such bonds, |
notes, or other
evidences of indebtedness, the
revenues to be |
received by the Authority from a lease agreement or loan
|
agreement shall be pledged, and,
for the purpose of setting |
forth the covenants and undertakings of the
Authority in |
connection with the
issuance of the bonds, notes, or other |
evidences of indebtedness and the
issuance of any additional |
bonds,
notes or other evidences of indebtedness payable from |
such revenues, income, or other funds to be derived
from |
projects, the Authority may execute and deliver a mortgage or |
trust agreement. A remedy for any
breach or default of the |
terms of any mortgage or trust agreement by the Authority may |
be by mandamus
proceeding in the appropriate circuit court to |
compel performance and compliance under the terms of the
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mortgage or trust agreement, but the trust agreement may |
prescribe by whom or on whose behalf the action
may be |
instituted.
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(f) Bonds or notes shall be secured as provided in the |
authorizing ordinance which may include,
notwithstanding any |
other provision of this Act, in addition to any other security, |
a specific pledge,
assignment of and lien on, or security |
interest in any or all revenues or money of the Authority, from
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whatever source, which may, by law, be used for debt service |
purposes and a
specific pledge, or assignment
of and lien on, |
or security interest in any funds or accounts established or
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provided for by ordinance of the
Authority authorizing the |
issuance of the bonds or notes.
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(g) In the event that the Authority determines that moneys |
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of the Authority
will not be sufficient for the
payment of the |
principal of and interest on its bonds during the next State
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fiscal year, the chairman, as soon
as practicable, shall |
certify to the Governor the amount required by the
Authority to |
enable it to pay the
principal of and interest on the bonds. |
The Governor shall submit the certified
amount to the General
|
Assembly as soon as practicable, but no later than the end of |
the current State
fiscal year. This Section shall
not apply to |
any bonds or notes to which the Authority determines, in the
|
resolution authorizing the
issuance of the bonds or notes, that |
this Section shall not apply. Whenever the
Authority makes this
|
determination, it shall be plainly stated on the face of the |
bonds or notes and
the determination shall also be
reported to |
the Governor.
In the event of a withdrawal of moneys from a |
reserve fund established with
respect to any issue or
issues of |
bonds of the Authority to pay principal or interest on those |
bonds,
the chairman of the Authority,
as soon as practicable, |
shall certify to the Governor the amount required to
restore |
the reserve fund to the
level required in the resolution or |
indenture securing those bonds. The
Governor shall submit the |
certified
amount to the General Assembly as soon as |
practicable, but no later than the
end of the current State |
fiscal
year.
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(h) The State of Illinois pledges to and agrees with the |
holders of the
bonds and notes of the Authority
issued pursuant |
to this Section that the State will not limit or alter the |
rights and powers vested in the
Authority by this Act so as to |
impair the terms of any contract made by the Authority with the |
holders of
bonds or notes or in any way impair the rights and |
remedies of those holders until the bonds and notes,
together |
with interest thereon, with interest on any unpaid installments |
of interest, and all costs and
expenses in connection with any |
action or proceedings by or on behalf of the holders, are fully |
met and
discharged. In addition, the State pledges to and |
agrees with the holders of the bonds and notes of the
Authority |
issued pursuant to this Section that the State will not limit |
|
or alter the basis on which State funds
are to be paid to the |
Authority as provided in this Act, or the use of such funds, so |
as to impair the terms of
any such contract. The Authority is |
authorized to include these pledges and agreements of the State |
in any
contract with the holders of bonds or notes issued |
pursuant to this Section.
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(i) Not less than 30 days prior to the commitment to issue |
bonds, notes, or
other evidences of
indebtedness for the |
purpose of developing, constructing, acquiring, or
improving |
housing or residential
projects, as defined in this Act, the |
Authority shall provide notice to the
Executive Director of the |
Illinois
Housing Development Authority. Within 30 days after |
the notice is provided, the
Illinois Housing
Development |
Authority shall, in writing, either express interest in |
financing
the project or notify the
Authority that it is not |
interested in providing financing and that the
Authority may |
finance the project or
seek alternative financing.
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Section 45. Bonds and notes; exemption from taxation. The |
creation of the
Authority is in all respects for
the benefit of |
the people of Illinois and for the improvement of their health,
|
safety, welfare, comfort, and
security, and its purposes are |
public purposes. In consideration thereof, the
notes and bonds |
of the
Authority issued pursuant to this Act and the income |
from these notes and bonds
may be free from all
taxation by the |
State or its political subdivisions, exempt for estate,
|
transfer, and inheritance taxes. The
exemption from taxation |
provided by the preceding sentence shall apply to the
income on |
any notes or
bonds of the Authority only if the Authority in |
its sole judgment determines
that the exemption enhances
the |
marketability of the bonds or notes or reduces the interest |
rates that
would otherwise be borne by the
bonds or notes. For |
purposes of Section 250 of the Illinois Income Tax Act, the
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exemption of the Authority
shall terminate after all of the |
bonds have been paid. The amount of such income that shall be |
added and
then subtracted on the Illinois income tax return of |
|
a taxpayer, subject to Section 203 of the Illinois Income
Tax |
Act, from federal adjusted gross income or federal taxable |
income in computing Illinois base income
shall be the interest |
net of any bond premium amortization.
|
Section 50. 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 have power to acquire by purchase, |
lease, gift, or
otherwise any property or
rights therein from |
any person or persons, the State of Illinois, any municipal
|
corporation, any local unit of
government, the government of |
the United States and any agency or
instrumentality of the |
United States,
any body politic, or any county useful for its |
purposes, whether improved for
the purposes of any
prospective |
project or unimproved. The Authority may also accept any |
donation
of funds for its purposes
from any of these sources.
|
(c) The Authority shall have power to develop, construct, |
and improve,
either under its own direction or
through |
collaboration with any approved applicant, or to acquire, |
through
purchase or otherwise, any
project, using for this |
purpose the proceeds derived from its sale of revenue
bonds, |
notes, or other
evidences of indebtedness or governmental loans |
or grants and shall have the
power to hold title to those
|
projects in the name of the Authority.
|
(d) The Authority shall have the power to enter into |
intergovernmental
agreements with the State of
Illinois, the |
counties of Warren, Henderson, Hancock, McDonough,
Fulton, |
Mason, Cass,
Schuyler, Brown, Adams, Scott, Morgan, or Pike, |
the Illinois
Development Finance Authority, the Illinois |
Housing
Development Authority, the Illinois Education |
Facilities Authority, the
Illinois
Farm
Development Authority, |
the Rural Bond Bank,
the United States government and any |
agency or instrumentality of the United
States, any unit
of |
local government located within the territory of the Authority, |
or any other
unit of government to the
extent allowed by |
|
Article VII, Section 10 of the Illinois Constitution and the
|
Intergovernmental
Cooperation Act.
|
(e) The Authority shall have the power to share employees |
with other units
of government, including
agencies of the |
United States, agencies of the State of Illinois, and agencies
|
or personnel of any unit of
local government.
|
(f) The Authority shall have the power to exercise powers |
and issue bonds as
if it were a municipality so
authorized in |
Divisions 12.1, 74, 74.1, 74.3, and 74.5 of Article 11 of the
|
Illinois Municipal Code.
|
Section 55. Enterprise zones. The Authority may by |
ordinance designate a
portion of the territorial
jurisdiction |
of the Authority for certification as an Enterprise Zone under |
the
Illinois Enterprise Zone Act in
addition to any other |
enterprise zones which may be created under that Act,
which |
area shall have all the
privileges and rights of an Enterprise |
Zone pursuant to the Illinois Enterprise
Zone Act, but which |
shall not
be counted in determining the number of Enterprise |
Zones to be created in any
year pursuant to that Act.
|
Section 60. Designation of depository. The Authority shall |
biennially
designate a national or State bank or
banks as |
depositories of its money. Such depositories shall be |
designated only
within the State and upon
condition that bonds |
approved as to form and surety by the Authority and at
least |
equal in amount to the
maximum sum expected to be on deposit at |
any one time shall be first given by
such depositories to the
|
Authority, such bonds to be conditioned for the safe keeping |
and prompt
repayment of such deposits.
When any of the funds of |
the Authority shall be deposited by the treasurer in
any such |
depository, the
treasurer and the sureties on his official bond |
shall, to such extent, be
exempt from liability for the loss of
|
any such deposited funds by reason of the failure, bankruptcy, |
or any other act
or default of such depository;
provided that |
the Authority may accept assignments of collateral by any
|
|
depository of its funds to secure
such deposits to the same |
extent and conditioned in the same manner as
assignments of |
collateral are
permitted by law to secure deposits of the funds |
of any city.
|
Section 65. 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.
|
Section 70. Fees. The Authority may collect fees and |
charges in connection
with its loans, commitments,
and |
servicing and may provide technical assistance in the |
development of the
region.
|
Section 75. Reports. The Authority shall annually submit a |
report of its
finances to the Auditor General.
The Authority |
shall annually submit a report of its activities to the |
Governor
and to the General Assembly.
|
Section 95. The Tri-City Regional Port District Act is |
amended by
changing Section 4 as follows:
|
(70 ILCS 1860/4) (from Ch. 19, par. 287)
|
Sec. 4. The Port District has the following rights and |
powers:
|
1. To issue permits: for the construction of all wharves, |
piers,
dolphins, booms, weirs, breakwaters, bulkheads, |
jetties, bridges or other
structures of any kind, over, under, |
in, or within 40 feet of any navigable
waters within the Port |
District; for the deposit of rock, earth, sand or
other |
material, or any matter of any kind or description in such |
waters;
except that nothing contained in this paragraph 1 shall |
be construed so
that it will be deemed necessary to obtain a |
|
permit from the District for
the erection, operation or |
maintenance of any bridge crossing a waterway
which serves as a |
boundary between the State of Illinois and any other
State, |
when such erection, operation or maintenance is performed by |
any
city within the District;
|
2. To prevent or remove obstructions in navigable waters, |
including the
removal of wrecks;
|
3. To locate and establish dock lines and shore or harbor |
lines;
|
4. To regulate the anchorage, moorage and speed of water |
borne vessels
and to establish and enforce regulations for the |
operation of bridges,
except nothing contained in this |
paragraph 4 shall be construed to give the
District authority |
to regulate the operation of any bridge crossing a
waterway |
which serves as a boundary between the State of Illinois and |
any
other State, when such operation is performed or to be |
performed by any
city within the District;
|
5. To acquire, own, construct, lease for any period not |
exceeding 99
years, operate and maintain terminals, terminal |
facilities and port
facilities, to fix and collect just, |
reasonable, and nondiscriminatory
charges for the use of such |
facilities, and, except as provided herein for
short term |
financing, to use the charges so collected to defray the
|
reasonable expenses of the Port District and to pay the |
principal of and
interest on any revenue bonds issued by the |
District;
|
6. To acquire, erect, construct, reconstruct, improve, |
maintain, operate
and lease in whole or part for any period not |
exceeding 99 years, central
office or administrative |
facilities for use by the Port District, any
tenant, occupant |
or user of the District facilities, or anyone engaged in
|
commerce in the District.
|
7. To sell, assign, pledge or hypothecate in whole or in |
part any
contract, lease, income, charges, tolls, rentals or |
fees of the District to
provide short term interim financing |
pending the issuance of revenue bonds
by the District, provided |
|
that when such revenue bonds are issued, such
contracts, |
leases, income, charges, tolls, rentals or fees shall be used |
to
defray the reasonable expenses of the Port District and pay |
the principal
of and income on any revenue bonds issued by the |
District;
|
8. To acquire, own, construct, lease for any period not |
exceeding 99
years, operate, develop and maintain Port District |
water and sewerage
systems including but not limited to pipes, |
mains, lines, sewers, pumping
stations, settling tanks, |
treatment plants, water purification equipment,
wells, storage |
facilities and all other equipment, material and facilities
|
necessary to such systems, for the use upon payment of a |
reasonable fee as
set by the District, of any tenant, occupant |
or user of the District
facilities, or anyone engaged in |
commerce in the District, provided that
the District shall not |
acquire, own, construct, lease, operate, develop and
maintain |
such water and sewerage systems if such services can be |
provided
by a public utility or municipal corporation upon |
request of the District,
and provided further that if the |
District develops its own water and
sewerage systems such |
systems may be sold or disposed of at anytime to any
public |
utility or municipal corporation which will continue to service |
the
Port District.
|
9. To create, establish, maintain and operate a public |
incinerator for
waste disposal by incineration by any means or |
method, for use by
municipalities for the disposal of municipal |
wastes and by industries for
the disposal of industrial waste; |
and to lease land and said incineration
facilities for the |
operation of an incinerator for a term not exceeding 99
years |
and to fix and collect just, reasonable and non-discriminatory
|
charges for the use of such incinerating facilities, and to use |
the charges
or lease proceeds to defray the reasonable expenses |
of the Port District,
and to pay the principal of and interest |
on any revenue bonds issued by the
Port District.
|
10. To locate, establish and maintain a public airport, |
public airports
and public airport facilities within its |
|
corporate limits or within or upon
any body of water adjacent |
thereto, and to construct, develop, expand,
extend and improve |
any such airport or airport facilities;
|
11. To operate, maintain, manage, lease or sublease for any |
period not
exceeding 99 years, and to make and enter into |
contracts for the use,
operation or management of, and to |
provide rules and regulations for, the
operation, management or |
use of, any public airport or public airport
facility;
|
12. To fix, charge and collect reasonable rentals, tolls, |
fees, and
charges for the use of any public airport, or any |
part thereof, or any
public airport facility;
|
13. To establish, maintain, extend and improve roadways and |
approaches
by land, water or air to any such airport and to |
contract or otherwise
provide, by condemnation if necessary, |
for the removal of any airport
hazard or the removal or |
relocation of all private structures, railways,
mains, pipes, |
conduits, wires, poles, and all other facilities and
equipment |
which may interfere with the location, expansion, development, |
or
improvement of airports or with the safe approach thereto or |
take-off
therefrom by aircraft, and to pay the cost of removal |
or relocation; and,
subject to the "Airport Zoning Act", |
approved July 17, 1945, as amended,
to adopt, administer and |
enforce airport zoning regulations for territory
which is |
within its corporate limits or which extends not more than 2 |
miles
beyond its corporate limits;
|
14. To restrict the height of any object of natural growth |
or structure
or structures within the vicinity of any airport |
or within the lines of an
approach to any airport and, when |
necessary, for the reduction in the
height of any such existing |
object or structure, to enter into an agreement
for such |
reduction or to accomplish same by condemnation;
|
15. To agree with the state or federal governments or with |
any public
agency in respect to the removal and relocation of |
any object of natural
growth, airport hazard or any structure |
or building within the vicinity of
any airport or within an |
approach and which is owned or within the control
of such |
|
government or agency and to pay all or an agreed portion of the
|
cost of such removal or relocation;
|
16. For the prevention of accidents, for the furtherance |
and protection
of public health, safety and convenience in |
respect to aeronautics, for the
protection of property and |
persons within the District from any hazard or
nuisance |
resulting from the flight of aircraft, for the prevention of
|
interference between, or collision of, aircraft while in flight |
or upon the
ground, for the prevention or abatement of |
nuisances in the air or upon the
ground or for the extension or |
increase in the usefulness or safety of any
public airport or |
public airport facility owned by the District, the
District may |
regulate and restrict the flight of aircraft while within or
|
above the incorporated territory of the District;
|
17. To police its physical property only and all waterways |
and to
exercise police powers in respect thereto or in respect |
to the enforcement
of any rule or regulation provided by the |
ordinances of the District and to
employ and commission police |
officers and other qualified persons to
enforce the same. The |
use of any such public airport or public airport
facility of |
the District shall be subject to the reasonable regulation and
|
control of the District and upon such reasonable terms and |
conditions as
shall be established by its Board. A regulatory |
ordinance of the District
adopted under any provision of this |
Section may provide for a suspension or
revocation of any |
rights or privileges within the control of the District
for a |
violation of any such regulatory ordinance. Nothing in this |
Section
or in other provisions of this Act shall be construed |
to authorize such
Board to establish or enforce any regulation |
or rule in respect to
aviation, or the operation or maintenance |
of any airport facility within
its jurisdiction, which is in |
conflict with any federal or state law or
regulation applicable |
to the same subject matter;
|
18. To enter into agreements with the corporate authorities |
or governing
body of any other municipal corporation or any |
political subdivision of
this State to pay the reasonable |
|
expense of services furnished by such
municipal corporation or |
political subdivision for or on account of income
producing |
properties of the District;
|
19. To enter into contracts dealing in any manner with the |
objects and
purposes of this Act;
|
20. To acquire, own, lease, sell or otherwise dispose of |
interests in
and to real property and improvements situate |
thereon and in personal
property necessary to fulfill the |
purposes of the District;
|
21. To designate the fiscal year for the District;
|
22. To engage in any activity or operation which is |
incidental to and in
furtherance of efficient operation to |
accomplish the District's primary purpose ; .
|
23. To apply to proper authorities of the United States of |
America
pursuant to appropriated Federal Law for the right to |
establish, operate,
maintain and lease
foreign trade zones and |
sub-zones within the limits of the Tri-City Regional Port
|
District or within the jurisdiction of the United States |
Customs Service
Office of the St. Louis Port of Entry and to |
establish, operate, maintain
and lease such foreign trade zones
|
and the sub-zones ; .
|
24. To operate, maintain, manage, lease, or sublease for |
any period not
exceeding 99 years any former military base |
owned or leased by the District
and within its jurisdictional |
boundaries, to make and enter into any contract
for
the
use, |
operation, or management of any former military base owned or |
leased by
the District and located within its jurisdictional
|
boundaries,
and to provide rules and regulations for the |
development, redevelopment, and
expansion of any former |
military base owned or leased by the District and
located |
within its jurisdictional boundaries;
|
25. To locate, establish, re-establish, expand or renew, |
construct or
reconstruct, operate, and maintain any facility, |
building, structure, or
improvement for a use or a purpose |
consistent with any use or purpose of any
former military base |
owned or leased by the District and located within its
|
|
jurisdictional boundaries; |
26. To acquire, own, sell, convey, construct, lease for any |
period not
exceeding 99 years, manage, operate, expand, |
develop, and maintain any
telephone system, including, but not |
limited to, all equipment,
materials, and facilities necessary |
or incidental to that
telephone
system, for use, at the option |
of the District and upon payment of a reasonable
fee set by the |
District, of any tenant or occupant
situated on
any former |
military base owned or leased by the District and located |
within its
jurisdictional boundaries; |
27. To cause to be incorporated one or more subsidiary |
business
corporations, wholly owned by the District, to own, |
operate, maintain, and
manage facilities and services related |
to any telephone system, pursuant to
paragraph 26. A subsidiary |
corporation formed pursuant to this paragraph shall
(i) be |
deemed a telecommunications carrier, as that term is defined in |
Section
13-202 of the Public Utilities Act, (ii) have the right |
to apply to the
Illinois
Commerce Commission for a Certificate |
of Service Authority or a Certificate of
Interexchange Service |
Authority, and (iii) have the powers necessary to carry
out
|
lawful orders of the Illinois Commerce Commission; |
28. To improve, develop, or redevelop any former military |
base situated
within the boundaries of the District, in Madison |
County, Illinois, and
acquired
by the District from the federal |
government, acting by and through the United
States Maritime |
Administration, pursuant to any plan for redevelopment,
|
development, or improvement of that military base by the |
District that is
approved by the United States Maritime |
Administration under the terms and
conditions of conveyance of |
the former military base to the District by the
federal
|
government. |
(Source: P.A. 83-690.)
|
Section 999. Effective date. This Act takes effect upon |
becoming law.
|