Illinois Statutes
§ 115 — Dissolution; referendum
Illinois·Topic GOVERNMENT·Ch. 45 INTERSTATE COMPACTS·Act 45 ILCS 35/ Quad Cities Interstate Metropolitan Authority Act.
(a)The Authority shall be dissolved only by a majority vote in a referendum undertaken in a manner similar to the referendum provided for in Section 20. The board shall call, upon its own motion, by petition of the eligible electors as provided in Section 15, or by action of the governing body of either metropolitan area, for an election to approve or disapprove the dissolution of the Authority.
(b)The proposition is approved if the vote in favor of the proposition is a simple majority of the total votes cast on the proposition in either one of the metropolitan areas.
(c)The Authority shall provide by ordinance for the disposal of any remaining property, the proceeds of which shall first be applied against any outstanding obligation of the Authority. The remaining balance shall be divid
Free access — add to your briefcase to read the full text and ask questions with AI
Illinois § 115 (Dissolution; referendum) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 87-622.)