(65 ILCS 110/70)
Payment of project costs; revenues from municipal property.
received by the municipality from any property, building, or facility owned,
leased, or operated by the municipality or any agency or authority established
by the municipality in furtherance of an economic development project under
this Act may be used to pay economic development project costs or reduce
outstanding obligations of the municipality incurred under this Act for
economic development project costs. The municipality may place those revenues
in the special tax allocation fund, which shall be held by the municipal
treasurer or other person designated by the municipality.
(Source: P.A. 89-176, eff. 1-1-96.)