(55 ILCS 90/65)
(from Ch. 34, par. 8065)
Conflicts of interest; disclosure.
(a) If any member of the corporate authorities of a county or an
employee or consultant of the county involved in the planning, analysis,
preparation, or administration of an economic development plan or an
economic development project (or a proposed economic development plan or
proposed economic development project) owns or controls any direct or
indirect interest in any property included in an economic development
project area or proposed economic development project area, he or she shall
disclose the interest in writing to the county clerk. The disclosure shall
include the dates, terms, and conditions of any disposition of any such
interest. The disclosures shall be acknowledged by the corporate
authorities of the county and entered upon the official records and files
of the corporate authorities.
(b) An individual holding an interest shall refrain from any further
official involvement regarding the established or proposed economic
development project area, economic development plan, or economic
development project and shall also refrain from voting on any matter
pertaining to that project, plan, or area and from communicating with any
members of the corporate authorities or any employees or consultants of the
county regarding any matter relating to the project, plan, or area.
(c) No member of the corporate authorities of the county and no employee
of the county shall acquire any direct or indirect interest in any real or
personal property or rights or interest in property within an economic
development project area or a proposed economic development project area
after the person obtains knowledge of the project, plan, or area or after
the first public notice of the project, plan, or area is given by the
county, whichever first occurs.
(Source: P.A. 87-1.)