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(55 ILCS 85/10) (from Ch. 34, par. 7010)
Sec. 10. Conflicts of interests, disclosure. If any member of the
corporate authorities of a county, or any 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 any
proposed economic development plan or any proposed economic development
project, owns or controls any interest, direct or indirect, in any property
included in any economic development project area or proposed economic
development project area, he or she shall disclose the same in writing to
the county clerk, which 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. Any such
individual holding any such interest shall refrain from any further
official involvement regarding such 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 of the county and no employee of the county shall
acquire any interest, direct or indirect, in any real or personal property
or rights or interest therein within an economic development project area or
a proposed economic development project area after that 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 shall first occur.
(Source: P.A. 99-642, eff. 7-28-16.)
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