(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.)
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(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.)
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(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.)
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