(45 ILCS 35/115)
(from Ch. 85, par. 6248-115)
(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 divided between the counties included in the
Authority and credited to the general fund of the respective counties.
(Source: P.A. 87-622.)