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Illinois Compiled Statutes

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Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

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20 ILCS 655/7

    (20 ILCS 655/7) (from Ch. 67 1/2, par. 611)
    Sec. 7. State Incentives Regarding Public Services and Physical Infrastructure.
    (a) This Act does not restrict tax incentive financing pursuant to the "Tax Increment Allocation Redevelopment Act".
    (b) Industrial development bonds. Priority in the use of industrial development bonds issued by the Illinois Finance Authority shall be given to businesses located in an Enterprise Zone.
    (c) Deposit of State funds by the State Treasurer. The State Treasurer is authorized and encouraged to place deposits of State funds with financial institutions doing business in an Enterprise Zone.
(Source: P.A. 93-205, eff. 1-1-04.)