(30 ILCS 760/10)
(from Ch. 48, par. 2710)
Restriction on transfer of land or equipment.
A private entity that has utilized direct State or local economic
development financial assistance to purchase or finance real or personal
property may not transfer or assign any interest in that property while the
State agency or unit of local government that provided the financial
assistance retains collateral, security, or any other property interest in
that property, unless otherwise authorized in writing by that State agency
or unit of local government that granted the financial assistance.
(Source: P.A. 87-130.)