Illinois § 2-50 Public-private agreement proceeds

Illinois Statutes

§ 2-50 — Public-private agreement proceeds

Illinois § 2-50

JurisdictionIllinois

TopicTRANSPORTATION

Ch. 620AIR 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

This text of Illinois § 2-50 (Public-private agreement proceeds) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

620 Ill. Comp. Stat. 2-50 (2026).

Text

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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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.