Illinois General Assembly - Illinois Compiled Statutes

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20 ILCS 607/3-20

(20 ILCS 607/3-20)

Sec. 3-20. South Suburban Brownfields Redevelopment Fund; eligible projects.

 In State fiscal years 2015 through 2026, all moneys in the South Suburban Brownfields Redevelopment Fund shall be held solely to fund eligible projects undertaken pursuant to the provisions of Section 3-35 of this Act and performed either directly by Cook County through a development agreement with the Department, by an entity designated by Cook County through a development agreement with the Department to perform specific tasks, or by an Eligible Developer or an Eligible Employer through a development agreement. All Eligible Projects are subject to review and approval by the Managing Partner and by the Department.   The life span of the Fund may be extended past 2026 by law.

(Source: P.A. 101-275, eff. 8-9-19; 102-427, eff. 8-20-21.)