65 ILCS 5/ Illinois Municipal Code.

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65 ILCS 5/11-48.3-23

(65 ILCS 5/11-48.3-23) (from Ch. 24, par. 11-48.3-23)

Sec. 11-48.3-23.

The Board shall have power to pass all ordinances and
make all rules and regulations proper or necessary to carry into effect the
powers granted to the Authority, with such fines or penalties as may be
deemed proper. All fines and penalties shall be imposed by ordinance, which
shall be published once in a newspaper of general circulation published in the
area embraced by the Authority. No such ordinance shall take effect until
10 days after its publication.

(Source: P.A. 97-146, eff. 1-1-12.)

65 ILCS 5/11-48.3-24

(65 ILCS 5/11-48.3-24) (from Ch. 24, par. 11-48.3-24)

Sec. 11-48.3-24.

All contracts for sale of property of the value of
more than $2,500 or for a concession in or lease of property, including air
rights, of the Authority for a term of more than one year shall be awarded
to the highest responsible bidder, after advertising for bids. All
construction contracts and contracts for supplies, materials, equipment and
services, when the expense thereof will exceed $2,500, shall be let to the
lowest responsible bidder, after advertising for bids, excepting (1) when
repair parts, accessories, equipment or services are required for equipment
or services previously furnished or contracted for; (2) when the nature of
the services required is such that competitive bidding is not in the best
interest of the public, including, without limiting the generality of the
foregoing, the services of accountants, architects, attorneys, engineers,
physicians, superintendents of construction and others possessing a high
degree of skill; (3) when services such as water, light, heat, power,
telephone or telegraph are required.

All contracts involving less than $2,500 shall be let by competitive
bidding to the lowest responsible bidder whenever possible, and in any
event in a manner calculated to insure the best interests of the public.

In determining the responsibility of any bidder, the Board may take into
account the past record of dealings with the bidder, experience, adequacy
of equipment, ability to complete performance within the time set, and
other factors besides financial responsibility, but in no case shall any
such contracts be awarded to any other than the highest bidder (in case of
sale, concession or lease) or the lowest bidder (in case of purchase or
expenditure) unless authorized or approved by a vote of at least
7 of the members of the Board, and unless such action is
accompanied by a statement in writing setting forth the reasons for not
awarding the contract to the highest or lowest bidder, as the case may be,
which statement shall be kept on file in the principal office of the
Authority and open to public inspection.

From the group of responsible bidders the lowest bidder shall be
selected in the following manner: to all bids for sales the gross receipts
of which are not taxable under the "Retailers' Occupation Tax Act", approved
June 28, 1933, as now or hereafter amended, there shall be added an amount
equal to the tax which would be payable under said Act, if applicable, and
the lowest in amount of said adjusted bids and bids for sales the gross
receipts of which are taxable under said Act shall be considered the lowest
bid; provided, that, if said lowest bid relates to a sale not taxable under
said Act, any contract entered into thereon shall be in the amount of the
original bid not adjusted as aforesaid.

Contracts shall not be split into parts involving expenditures of less
than $2,500 for the purposes of avoiding the provisions of this Section, and
all such split contracts shall be void. If any collusion occurs among
bidders or prospective bidders in restraint of freedom of competition, by
agreement to bid a fixed amount or to refrain from bidding or otherwise,
the bids of such bidders shall be void. Each bidder shall accompany his bid
with a sworn statement that he has not been a party to any such agreement.

Members of the Board, officers and employees of the Authority, and their
relatives within the fourth degree of consanguinity by the terms of the
civil law, are forbidden to be interested directly or indirectly in any
contract for construction or maintenance work or for the delivery of
materials, supplies or equipment.

The Board shall have the right to reject all bids and to readvertise for
bids. If after any such advertisement no responsible and satisfactory bid,
within the terms of the advertisement, shall be received, the Board may
award such contract, without competitive bidding, provided that it shall
not be less advantageous to the Authority than any valid bid received
pursuant to advertisement.

The Board shall adopt rules and regulations to carry into effect the
provisions of this Section.

(Source: P.A. 86-279.)

65 ILCS 5/11-48.3-25

(65 ILCS 5/11-48.3-25) (from Ch. 24, par. 11-48.3-25)

Sec. 11-48.3-25.

Advertisements for bids shall be published at least
twice in a daily newspaper of general circulation published in the
metropolitan area, the last publication to be at least 10 calendar days
before the time for receiving bids, and such advertisements shall also be
posted on readily  accessible bulletin boards in the principal office of
the Authority.  Such advertisements shall state the time and place for
receiving and opening of bids, and by reference to plans and specifications
on file at the time of the first publication, or in the advertisement
itself, shall describe the character of the proposed contract in sufficient
detail to fully advise prospective bidders of their obligations and to
insure free and open competitive bidding.

All bids in response to advertisements shall be sealed and shall be
publicly opened by the Board, and all bidders shall be entitled to be
present in person or by representatives.  Cash or a certified or
satisfactory cashier's check, as a deposit of good faith, in a reasonable
amount to be fixed by the Board before advertising for bids, shall be
required with the proposal of each bidder.  Bond for faithful performance of
the contract with surety or sureties satisfactory to the Board and adequate
insurance may be required in reasonable amounts to be fixed by the Board
before advertising for bids.

The contract shall be awarded as promptly as possible after the opening
of bids.  The bid of the successful bidder, as well as the bids of the
unsuccessful bidders, shall be placed on file and be open to public
inspection.  All bids shall be void if any disclosure of the terms of any
bid in response to an advertisement is made or permitted to be made by the
Board before the time fixed for opening bids.

Any bidder who has submitted a bid in compliance with the requirements
for bidding may bring a civil action in the circuit court within the
boundaries of the Authority to compel compliance with the provisions of
this Division relating to the awarding of contracts by the Board.

(Source: P.A. 86-279.)

65 ILCS 5/11-48.3-26

(65 ILCS 5/11-48.3-26) (from Ch. 24, par. 11-48.3-26)

Sec. 11-48.3-26.

As soon after the end of each fiscal year as may be
expedient, the Board shall cause to be prepared and printed a complete and
detailed report and financial statement of its operations and of its assets
and liabilities. A reasonably sufficient number of copies of such report
shall be printed for distribution to persons interested, upon request, and
a copy thereof shall be filed with the county clerk and the appointing
officers as provided in Section 11-48.3-15.

(Source: P.A. 86-279.)

65 ILCS 5/11-48.3-27

(65 ILCS 5/11-48.3-27) (from Ch. 24, par. 11-48.3-27)

Sec. 11-48.3-27.

Exemption from taxation.

All property of an
Authority created pursuant to this Division shall be exempt from taxation
by the State or any taxing unit therein.

(Source: P.A. 86-279.)

65 ILCS 5/11-48.3-28

(65 ILCS 5/11-48.3-28) (from Ch. 24, par. 11-48.3-28)

Sec. 11-48.3-28.

The Authority is hereby expressly made the beneficiary of
the provisions of Section 1 of "An Act to make explicit the authorization
for units of local government and certain other governmental bodies to act
as permitted by statute or the Illinois Constitution, notwithstanding effects
on competition", amendatory veto overridden November 3, 1983, as now or
hereafter amended, and the General Assembly intends that the "State action
exemption" to the application of the federal anti-trust laws be fully
available to the Authority to the extent its activities are either (1)
expressly or by necessary implication authorized by this Division or other
Illinois law, or (2) within traditional areas of local
governmental activity.

(Source: P.A. 86-249.)

65 ILCS 5/11-48.3-29

(65 ILCS 5/11-48.3-29) (from Ch. 24, par. 11-48.3-29)

Sec. 11-48.3-29.

The Authority shall receive financial
support from the Department of Commerce and Economic Opportunity in the
amounts that may be appropriated for such purpose.

(Source: P.A. 94-793, eff. 5-19-06.)

65 ILCS 5/Art 11 prec Div 49

(65 ILCS 5/Art 11 prec Div 49 heading)

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