70 ILCS 506/10

Section 10

Year: 2026Length: 190 wordsOfficial source
(70 ILCS 506/10) Sec. 10. Definitions. In this Act: "Authority" means the Eastern Illinois Economic Development Authority. "Authority leader" means the Executive Director, Assistant Executive Director, or any other person serving in a management, administrative, or leadership role at the Authority. "Governmental agency" means any federal, State, or local governmental body and any agency or instrumentality thereof, corporate or otherwise. "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. "Restricted person" means a person who has a familial or business relationship with an Authority leader. "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 Authority. "Board" means the Board of Directors of the Eastern Illinois Economic Development Authority. "Governor" means the Governor of the State of Illinois. "City" means any city, village, incorporated town, or township within the geographical territory of the Authority. "Industrial project" means the following: (1) a capital project, including one or more buildings and other structures,
70 ILCS 506/10: Section 10 | Justis AI