(70 ILCS 1707/63) Sec. 63. Succession; Transfers Related to NIPC. CMAP shall succeed to all rights and interests of
NIPC. Such transfer and succession shall not limit or restrict any power or
authority of CMAP exercised pursuant to this Act and shall not limit any rights or
obligations of CMAP with respect to any contracts, agreements, bonds or other
indebtedness, right or interest relating to any cause of action then in existence of
NIPC that shall continue and shall be assumed by CMAP. Funds appropriated
or otherwise made available to NIPC shall become available to CMAP for the
balance of the current State fiscal year for interim use as determined by CMAP.
NIPC shall transfer all of the records, documents, property, and assets of NIPC
to CMAP.
(Source: P.A. 95-677, eff. 10-11-07.) |