Illinois General Assembly - Full Text of Public Act 097-0094

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Public Act 097-0094

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Public Act 0094 97TH GENERAL ASSEMBLY

Public Act 097-0094

HB1730 Enrolled LRB097 05428 KMW 45486 b

    AN ACT concerning local government.

    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:

    Section 5. The Illinois Municipal Code is amended by adding
Section 8-1-2.5 as follows:

    (65 ILCS 5/8-1-2.5 new)
    Sec. 8-1-2.5. Expenses for economic development. The
corporate authorities may appropriate and expend funds for
economic development purposes, including, without limitation,
the making of grants to any other governmental entity or
commercial enterprise that are deemed necessary or desirable
for the promotion of economic development within the
municipality.

    Section 99. Effective date. This Act takes effect upon
becoming law.

Effective Date: 7/11/2011

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