(70 ILCS 503/40)
Sec. 40. Anti-trust laws; State action exemption; tort immunity; tax
exemption. (a) The Commission is hereby expressly made the beneficiary of the
provisions of Section 1 of the Local Government Antitrust Exemption Act,
and the General Assembly intends that the State action exemption
to
the application of the federal anti-trust laws be fully available to the
Commission to the extent its activities are either (i) expressly or by
necessary implication authorized by this Act or other Illinois law; or (ii)
within traditional areas of local governmental activity. (b) Members of the Commission, and their present and former officers,
employees, agents, and independent contractors shall have the same immunities
as established by the Local Governmental and Governmental Employees Tort
Immunity Act. (c) Property, income, and receipts of or transactions by the Commission
shall be exempt from all taxation, the same as if it were the property, income,
or transaction of a city or county.
(Source: P.A. 94-908, eff. 6-23-06.) |