Illinois Statutes
§ 2-50 — Public-private agreement proceeds
Illinois·Topic TRANSPORTATION·Ch. 620 AIR TRANSPORTATION·Act 620 ILCS 75/ Public-Private Agreements for the South Suburban Airport Act.·Art. Article 2 - Public-Private Agreements for the South Suburban Airport Act
After the payment of all transaction costs, including payments for legal, accounting, financial, consultation, and other professional services, all moneys received by the State as compensation for the public-private agreement shall be deposited into the South Suburban Airport Improvement Fund, which is hereby created as a special fund in the State treasury. Expenditures may be made from the South Suburban Airport Improvement Fund only in the manner as appropriated by the General Assembly by law.
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Legislative History
(Source: P.A. 98-109, eff. 7-25-13.)
Nearby Sections
15
§ 2
§ 2§ 2-1
Short title§ 2-10
Definitions§ 2-100
Property acquisition§ 2-105
§ 2-105§ 2-115
Financial arrangements§ 2-120
Labor§ 2-125
Law enforcement§ 2-135
§ 2-135§ 2-145
Powers liberally construed§ 2-15
General airport powers§ 2-150
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