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Illinois Compiled Statutes
Information maintained by the Legislative Reference Bureau Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide. Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.
COUNTIES (55 ILCS 5/) Counties Code. 55 ILCS 5/5-1123
(55 ILCS 5/5-1123)
Sec. 5-1123. Builder or developer cash bond or other surety.
(a) A county may not require a cash bond, irrevocable letter of credit,
surety bond, or letter of commitment issued by a bank, savings and loan
association, surety, or insurance company from a builder or developer to
guarantee completion of a project improvement when the builder or developer
has filed with the county clerk a current, irrevocable letter of credit, surety
bond, or letter of commitment, issued by a bank, savings and loan association,
surety, or insurance company, deemed good and sufficient by the county
accepting such security, in an amount equal to or greater than 110% of the
amount of the bid on each project improvement. A builder or developer has
the option to utilize a cash bond, irrevocable letter of credit, surety
bond, or letter of
commitment issued by a bank, savings and loan association, surety, or insurance
company, deemed good and sufficient by the county, to satisfy any cash bond
requirement established by a county. The county must approve
and deem a surety or insurance company good and sufficient for the purposes
set forth in this Section if the surety or insurance company is
authorized by the Illinois Department
of Insurance to sell and issue sureties in the State of Illinois.
(b) If a county receives a cash bond, irrevocable letter of credit, or
surety bond from a builder or developer to
guarantee completion of a project improvement, the county shall (i) register
the bond under
the address of the project and the construction permit number and (ii) give the
builder or developer a receipt for the bond. The county shall establish and
maintain a separate account for all cash bonds received from builders and
developers to guarantee completion of a project improvement.
(c) The county shall refund a cash bond to a builder or developer, or
release the irrevocable letter of credit or surety bond, within
60 days after the builder or developer notifies the county in writing of the
completion of the project improvement for which the bond was required. For
these purposes, "completion" means that the county has determined
that the project improvement for which the bond was required is complete or a
licensed engineer or licensed architect has certified to the builder or
developer and the county that the project improvement has been completed to the
applicable codes and ordinances. The county shall pay interest to the builder
or developer, beginning 60 days after the builder or developer notifies the
county in writing of the completion of the project improvement, on any bond not
refunded to a builder or developer, at the rate of 1% per month.
(d) A home rule county may not require or maintain cash bonds, irrevocable
letters of credit, surety bonds, or other adequate securities from builders
or developers in a manner inconsistent with this Section. This Section
supersedes and controls over other provisions of this Code as
they apply to and guarantee completion of a project improvement that is
required by the county. This Section is a
denial and limitation under subsection (i) of Section 6 of Article VII of the
Illinois Constitution on the concurrent exercise by a home rule county of
powers and functions exercised by the State.
(Source: P.A. 96-1000, eff. 7-2-10.)
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55 ILCS 5/5-1124
(55 ILCS 5/5-1124)
Sec. 5-1124.
Second-hand and junk stores.
(a) The county board of a county may:
(1) License, locate, and regulate all places of | | business of dealers in junk, rags, and any second-hand article whatsoever.
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(2) Forbid any person or entity licensed or regulated
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(3) Impose the licensing and regulation of such
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(b) Nothing in this Section shall apply to a licensee of the Secretary of
State under Chapter 5 of the Illinois Vehicle Code or to an insurer or
self-insurer of motor vehicles.
(Source: P.A. 90-517, eff. 8-22-97.)
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55 ILCS 5/5-1125
(55 ILCS 5/5-1125)
Sec. 5-1125.
Establishment of county university center.
Pursuant to a
plan approved by the Illinois Board of Higher Education, any county may make
appropriations from the county treasury and may transfer moneys to a
not-for-profit corporation recognized by the General Assembly pursuant to
Section 5 of the Higher Education Cooperation Act. The moneys may be expended
by the recognized not-for-profit corporation for the purpose of facilitating
the purchase of land and the erection or renovation of buildings for a county
university center.
(Source: P.A. 91-398, eff. 1-1-00.)
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