§ 70 ILCS 1920/1 Short title
§ 70 ILCS 1920/5 Legislative declaration
§ 70 ILCS 1920/10 Creation; duration
§ 70 ILCS 1920/15 Acquisition of property
§ 70 ILCS 1920/20 Sale or exchange of property
§ 70 ILCS 1920/25 Acceptance of grants, loans, and appropriations
§ 70 ILCS 1920/30 Borrowing money and issuance of bonds
§ 70 ILCS 1920/35 Taxing powers
§ 70 ILCS 1920/40 Board; composition; qualification; compensation and expenses
§ 70 ILCS 1920/45 Appointments; tenure; oaths; vacancies
§ 70 ILCS 1920/50 Removal of members
§ 70 ILCS 1920/55 Organization; chair and temporary Secretary
§ 70 ILCS 1920/60 Meetings; quorum; resolutions
§ 70 ILCS 1920/65 Secretary and Treasurer; oaths; bond of Treasurer
§ 70 ILCS 1920/70 Deposit and withdrawal of funds; signatures
§ 70 ILCS 1920/75 Delivery of check after executing officer ceases to hold office
§ 70 ILCS 1920/80 Rules
§ 70 ILCS 1920/85 Fiscal year
§ 70 ILCS 1920/90 Reports and financial statements
§ 70 ILCS 1920/95 Construction
§ 70 ILCS 1920/100 Existing contracts, obligations, and liabilities
§ 70 ILCS 1920/105 Severability
§ 70 ILCS 1920/999 Effective date
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Terms Used In Illinois Compiled Statutes > 70 ILCS 1920 - West Cook Railroad Relocation and Development Authority Act

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Dependent: A person dependent for support upon another.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • individual: shall include every infant member of the species homo sapiens who is born alive at any stage of development. See Illinois Compiled Statutes 5 ILCS 70/1.36
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Legacy: A gift of property made by will.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Municipalities: has the meaning established in Section 1 of Article VII of the Constitution of the State of Illinois of 1970. See Illinois Compiled Statutes 5 ILCS 70/1.27
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Personal property: All property that is not real property.
  • Quorum: The number of legislators that must be present to do business.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Statute: A law passed by a legislature.
  • United States: may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14