(a) “Local government” means a county, city, village, town, township, school district, and other special-purpose district, authority, or public corporation within the state and authorized by the state to issue bonds and other long-term obligations.
     (b) “Governing body” means the body or board charged with exercising the legislative authority of a local government.

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Terms Used In Illinois Compiled Statutes 30 ILCS 375/2

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14

     (c) “Department” means the Department of Commerce and Economic Opportunity.
     (d) “Chief financial officer” means the comptroller, treasurer, director of finance or other local government official charged with managing the fiscal affairs of a local government official charged with managing the fiscal affairs of a local government.
     (e) “Bonds” means debt payable more than one year after date of issue or incurrence, issued pursuant to the laws authorizing local government borrowing.