Illinois Compiled Statutes
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70 ILCS 520/8
(70 ILCS 520/8)
(from Ch. 85, par. 6158)
(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
such source. The Authority may acquire any real property, or rights
therein, upon condemnation. The acquisition by eminent domain of such real
property or any interest therein by the Authority shall be in the manner
provided by the Eminent Domain Act,
including Article 20 thereof (quick-take power).
The Authority shall not exercise any quick-take eminent domain powers
granted by State law within the corporate limits of a municipality unless the
governing authority of the municipality authorizes the Authority to do so. The
Authority shall not exercise any quick-take eminent domain powers granted by
State law within the unincorporated areas of a county unless the county board
authorizes the Authority to do so.
(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 such purpose the proceeds derived from its sale of revenue bonds, notes
or other evidences of indebtedness or governmental loans or grants and to
hold title in the name of the Authority to such projects.
(d) The Authority shall have the power to enter into intergovernmental
agreements with the State of Illinois, the counties of Madison or
St. Clair, the Southwest Regional Port District, the Illinois
Finance Authority, the Illinois Housing Development Authority, the Metropolitan
Exposition Authority, the United States government and any agency or
instrumentality of the United States, the city of East St. Louis, 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.
(Source: P.A. 93-205, eff. 1-1-04; 94-1055, eff. 1-1-07.)