35 ILCS 200/15-151

(35 ILCS 200/15-151)

Sec. 15-151.

Joliet Arsenal Development Authority.

All property owned by
the Joliet Arsenal
Development Authority is exempt.  Any property owned by the
Joliet Arsenal Development Authority and leased to an entity that is not exempt
shall remain exempt.  The leasehold interest of the lessee shall be assessed
under Section 9-195 of this Code.

(Source: P.A. 93-421, eff. 8-5-03.)