65 ILCS 5/ Illinois Municipal Code.

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65 ILCS 5/Art. 11 Div. 79

(65 ILCS 5/Art. 11 Div. 79 heading) DIVISION 79.

PUBLIC BUILDING COMMISSION LEASES

65 ILCS 5/11-79-1

(65 ILCS 5/11-79-1) (from Ch. 24, par. 11-79-1)

Sec. 11-79-1.

In addition to all the rights and powers conferred on any
municipality under this Code or any other Acts to acquire, under lease or
otherwise, any real or personal property for corporate purposes, the
corporate authorities in every municipality, incorporated under any law of
this state, have the power by ordinance:

(1) To lease from any public building commission created pursuant to the
provisions of the Public Building Commission Act, approved July 5, 1955, as
heretofore and hereafter amended, any real or personal property for any
of its corporate purposes, for any period of time not exceeding 20 years.

(2) To pay for the use of the leased property in accordance with the
terms of the lease and with the provisions of the Public Building
Commission Act, approved July 5, 1955, as heretofore and hereafter amended.

(3) Such lease may be entered into without making a previous
appropriation for the expense thereby incurred, notwithstanding the
provisions contained in Sections 8-1-6, 8-1-7 and 8-2-1 through 8-2-8.
However, if the corporate authorities of any municipality undertake to pay
all or any part of the costs of operating and maintaining the property of a
public building commission as authorized in subsection (4) of this section,
such expenses of operation and maintenance shall be included in the annual
appropriation ordinance of such municipality annually during the term of
such undertaking.

(4) In addition, the corporate authorities in every municipality may
undertake, either in the lease with a public building commission or by
separate agreement or contract with a public building commission, to pay
all or any part of the costs of maintaining and operating the property of a
public building commission for any period of time not exceeding 20 years.

(Source: Laws 1961, p. 576.)