State Codes and Statutes

Statutes > Illinois > Chapter70 > 2461

    (70 ILCS 3210/1)
    Sec. 1. Short title. This Act may be cited as the Downstate Illinois Sports Facilities Authority Act.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/5)
    Sec. 5. Definitions. In this Act:
    "Assistance Agreement" means one or more legally binding contracts, with respect to a facility for which the Authority is to provide financial assistance as provided in this Act, to which the Authority and a governmental owner of a facility or its tenant, or both, and any other appropriate persons are parties, which may be in the form of an intergovernmental agreement.
    "Authority" means the Downstate Illinois Sports Facilities Authority.
    "Facility" means any of the following:
        (1) Stadiums, arenas, or other structures for the
     holding of athletic contests or events, including baseball, football, hockey, and automobile racing; musical, dramatic, and other artistic or social events, or public meetings and other public events.
        (2) Practice fields, or other areas where
     professional, amateur, or semi‑professional sports teams may practice or perform.
    "Facility" also means the following types of property if that property is directly related to an item listed in paragraphs (1) or (2) of this definition:
            (i) Offices, parking lots and garages,
         landscaping and open spaces, access roads, transportation facilities, restaurants, and stores.
            (ii) Other recreation areas.
            (iii) Other property or structures, including
         all fixtures, furnishings, and appurtenances normally associated with such facilities.
    "Financial Assistance" means the use by the Authority, pursuant to an assistance agreement, of its powers under the Act, including, without limitation, the power to borrow money, to issue bonds and notes, to assist a governmental owner or its tenants, or both, with one or more of the following: designing, developing, establishing, constructing, erecting, acquiring, repairing, reconstructing, renovating, remodeling, adding to, extending, improving, equipping, operating, and maintaining a facility owned or be owned by the governmental owner.
    "Governmental Owner" means a body politic, public corporation, political subdivision, unit of local government, or municipality formed under the laws of the State of Illinois that owns or is to own a facility located within the corporate limits of the Authority described in Section 50 of this Act and to which the Authority provides financial assistance.
    "Loan agreement" means a legally binding contract between the Authority and an owner of a facility, pursuant to which the Authority agrees to make loans to the owner for the purpose of (i) constructing, acquiring, operating, repairing, rehabilitating, or managing a facility and the site on which a facility is or is to be located, which facility or site must be located in the State of Illinois, excluding the City of Chicago, and (ii) infrastructure improvements related to the facility.
    "Management Agreement" means a legally binding contract between the Authority and a tenant of a facility owned by the Authority, which contains at least the following provisions:
        (A) a provision requiring the tenant to conduct its
     complete regular home season schedule and any home playoff events in the facility;
        (B) a provision requiring the tenant to provide
     routine maintenance of and to operate the facility with its personnel or contractors;
        (C) a provision requiring the tenant to advertise
     and promote events it conducts at the facility;
        (D) a provision requiring the tenant to operate or
     contract for concessions for the patrons of the facility; and
        (E) a provision permitting the Authority or its
     designee to hold other events in any such facility owned by the Authority at such times as shall not unreasonably interfere with the use of that facility by the tenant.
    "Tenant" means any person with which a governmental owner or the Authority has entered into an agreement for the use by a sports team of any facility. Such an agreement may be a management agreement or an assistance agreement or may be a lease of or a license, permit or similar agreement with respect to the use of a facility by such team for such period as shall be agreed upon by the person and the governmental owner or the Authority, as the case may be.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/10)
    Sec. 10. Legislative finding and declaration. The General Assembly finds that as a result of deteriorating infrastructure and sports facilities there is a shortage of sports facilities suitable for use by professional, amateur, or semi‑professional sports teams and other musical, theatrical, and other social organizations.
    It is further found that as a result of the costs to repair or replace the infrastructure and facilities, and as a result of current financing costs, the private sector, without the assistance contemplated in this Act, is unable to construct feasibly adequate sports facilities.
    It is further found that the creation of modern sports facilities and the other results contemplated by this Act would stimulate economic activity in the State of Illinois, including the creation and maintenance of jobs, the creation of new and lasting infrastructure and other improvements, and the retention of sports and entertainment events that generate economic activity.
    It is further found that sports facilities can be magnets for substantial interstate tourism resulting in increased retail sales, hotel and restaurant sales, and entertainment industry sales, all of which increase jobs and economic growth.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/15)
    Sec. 15. Authority and Board created.
    (a) The Downstate Illinois Sports Facilities Authority is created as a political subdivision, unit of local government, body politic, and municipal corporation.
    (b) The governing and administrative powers of the Authority shall be vested in a body known as the Downstate Illinois Sports Facilities Authority Board. The Board shall consist of 8 members: a Chair and 7 additional members, all of whom are appointed by the Governor.
    All gubernatorial appointments, including the Chair, shall be subject to the advice and consent of the Senate, except in the case of temporary appointments as provided in Section 20. No member shall be employed by the State or any political subdivision of the State or by any department or agency of the State or any political subdivision of the State.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/20)
    Sec. 20. Terms of appointments.
    (a) On the effective date of this Act:
        (1) The Governor shall appoint the Chair and 3 other
     members of the Board for initial terms expiring June 30 of 2007.
        (2) The Governor shall appoint 2 members of the
     Board for initial terms expiring June 30 of 2006.
        (3) The Governor shall appoint 2 members of the
     Board for initial terms expiring June 30 of 2005.
    (b) At the expiration of the term of any member appointed by the Governor, the Governor shall appoint the member's successor in the same manner as appointments for the initial terms. All successors shall hold office for a term of 3 years from the first day of July of the year in which they are appointed, except in the case of an appointment to fill a vacancy. Each member, including the Chair, shall hold office until the expiration of the member's term and until the member's successor is appointed and qualified. Nothing shall preclude a member or a Chair from serving consecutive terms.
    (c) Vacancies for members and for the Chair shall be filled in the same manner as original appointments for the balance of the unexpired term.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/25)
    Sec. 25. Actions of the Authority.
    (a) Six members of the Authority constitute a quorum for the purpose of conducting business. Actions of the Authority must receive the affirmative vote of at least 6 members. The Authority shall determine the times and places of its meetings. The members of the Authority shall serve without compensation for service as a member but are entitled to reimbursement of reasonable expenses incurred in the performance of their official duties.
    (b) The Authority shall annually elect a secretary and a treasurer.
    (c) An executive committee appointed by the Governor made up of 4 members, including the Chair, have the authority to operate the Authority on a day‑to‑day basis, with the powers and duties determined by the bylaws of the Authority.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/30)
    Sec. 30. Executive Director. The Authority shall appoint an Executive Director, who is the chief executive officer of the Authority. In addition to any other duties set forth in this Act, the Executive Director shall do the following:
        (1) Direct and supervise the administrative affairs
     and activities of the Authority, in accordance with its rules, regulations, and policies.
        (2) Attend meetings of the Authority.
        (3) Keep minutes of all proceedings of the Authority.
        (4) Approve all accounts for salaries, per diem
     payments, and allowable expenses of the Authority and its employees and consultants and approve all expenses incidental to the operation of the Authority.
        (5) Report and make recommendations to the Authority
     on the merits and status of any proposed facility.
        (6) Perform any other duty that the Authority
     requires for carrying out the provisions of this Act.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/35)
    Sec. 35. Powers.
    (a) In addition to the powers set forth elsewhere in this Act, the Authority may do the following:
        (1) Adopt and alter an official seal.
        (2) Sue and be sued, plead and be impleaded, all in
     its own name, and agree to binding arbitration of any dispute to which it is a party.
        (3) Adopt bylaws, rules, and regulations to carry
     out the provisions of this Act.
        (4) Maintain an office or offices at the place the
     Authority may designate.
        (5) Employ, either as regular employees or
     independent contractors, consultants, engineers, architects, accountants, attorneys, financial experts, construction experts and personnel, superintendents, managers and other professional personnel, and such other personnel as may be necessary in the judgment of the Authority, and fix their compensation.
        (6) Acquire, hold, lease as lessor or as lessee,
     use, encumber, transfer, or dispose of real and personal property, including the alteration of or demolition of improvements to real estate.
        (7) Enter into contracts of any kind.
        (8) Enter into one or more loan agreements with an
     owner of a facility that conform to the requirements of this Act and that may contain provisions as the Authority shall determine, including, without limit: (i) provisions granting the owner the right and option to extend the term of the loan agreement; (ii) provisions creating an assignment and pledge by the Authority of certain of the Authority's revenues and receipts to be received under this Act for the benefit of the owner of the facility as further security for performance by the Authority of its obligations under the loan agreement; and (iii) provisions requiring the establishment of reserves by the Authority or by the owner, or both, as further security for the performance of their respective obligations under the loan agreement.
        (9) Borrow money from any source for any lawful
     purpose, including working capital for its operations, reserve funds, or interest, and to mortgage, pledge or otherwise encumber the property or funds of the Authority and to contract with or engage the services of any person in connection with any financing, including financial institutions, issuers of letters of credit, or insurers and enter into reimbursement agreements with this person which may be secured as if money were borrowed from the person.
        (10) Receive and accept from any private or public
     source, contributions, gifts, or grants of money or property.
        (11) Make loans from proceeds or funds otherwise
     available to the extent necessary or appropriate to accomplish the purposes of the Authority.
        (12) Provide for the insurance of any property,
     operations, officers, agents, or employees of the Authority against any risk or hazard and provide for the indemnification of its members, employees, contractors, or agents against any and all risks.
        (13) Provide relocation assistance and compensation
     for landowners and their lessees displaced by any land acquisition of the Authority, including the acquisition of land and construction of replacement housing thereon as the Authority shall determine.
        (14) Exercise all the corporate powers granted
     Illinois corporations under the Business Corporation Act of 1983, except to the extent that powers are inconsistent with those of a body politic and corporate of the State.
        (15) Determine the locations of, develop, design,
     establish, construct, erect, acquire, own, repair, reconstruct, renovate, remodel, add to, extend, improve, equip, operate, regulate and maintain facilities and provide financial assistance to governmental owners or their tenants or both, pursuant to an assistance agreement to do the foregoing, in each case to the extent necessary to accomplish the purposes of the Authority.
        (16) Regulate the use and operation of facilities
     that are developed under the provisions of this Act.
        (17) Enter into one or more management agreements
     which conform to the requirements of this Act and which may contain such provisions as the Authority shall determine, including, without limitation (i) provisions allocating receipts from rents, rates, fees, and charges for use of the facility or for services rendered in connection with the facility between the Authority and the tenant of the facility; (ii) provisions providing for or limiting payments to the Authority for use of the facility based on levels of attendance or receipts, or both attendance and receipts, of the tenant from admission charges, parking concessions, advertising, radio and television, and other sources; (iii) provisions obligating the Authority to make payments to the tenant with respect to expenses of routine maintenance and operation of any facility and operating expenses of the tenant with respect to use of the facility; (iv) provisions requiring the Authority to pay liquidated damages to the tenant for failure of timely completion of construction of any new facility; (v) provisions permitting the Authority to grant rent‑free occupancy of an existing facility pending completion of construction of any new facility and requiring the Authority to pay certain incremental costs of maintenance, repair, replacement, and operation of an existing facility in the event of failure of timely completion of construction of any new facility; (vi) provisions requiring the Authority to reimburse the tenant for certain State and local taxes and provisions permitting reductions of payments due the Authority by the tenant or reimbursement of the tenant by the Authority in the event of imposition of certain new State and local taxes, or the increase above specified levels of certain existing State and local taxes, or both; (vii) provisions obligating the Authority to purchase tickets to events conducted by the tenant based upon specified attendance levels; (viii) provisions granting the tenant the right and option to extend the term of the management agreement; and (ix) provisions requiring the establishment of reserves by the Authority or by the tenant, or both, as further security for the performance of their respective obligations under the management agreement.
        (18) Enter into one or more assistance agreements
     that conform to the requirements of this Act and that may contain such provisions as the Authority shall determine establishing the rights and obligations of the Authority and the governmental owner or a tenant, or both, with respect to the facility for which the Authority is to provide financial assistance.
        (19) Issue bonds or notes under Section 100 of this
     Act.
        (20) Sell, convey, lease, or grant a permit or
     license with respect to, or by agreement authorize another person on its behalf to sell, convey, lease or grant a permit or license with respect to (i) the right to use or the right to purchase tickets to use, or any other interest in, any seat or area within a facility; (ii) the right to name or place advertising in all or any part of a facility; or (iii) any intangible personal property rights, including intellectual property rights, appurtenant to any facility, the proceeds of which are used for the purpose of carrying out the powers granted by the Act.
        (21) Do all things necessary or convenient to carry
     out the powers granted by this Act.
    (b) The Authority may not construct or enter into a contract to construct more than one new stadium facility and may not enter into assistance agreements providing for the reconstruction, renovation, remodeling, extension, or improvement of all or substantially all of more than one existing facility unless authorized by law.
    (c) The Authority may adopt such rules as are necessary to carry out those powers conferred and perform those duties required by this Act.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/40)
    Sec. 40. Duties.
    (a) In addition to the powers set forth elsewhere in this Act, subject to the terms of any agreements with the holders of the Authority's evidences of indebtedness, the Authority shall do the following:
        (1) Comply with all zoning, building, and land use
     controls of the municipality within which is located any stadium facility owned by the Authority or for which the Authority provides financial assistance.
        (2) Enter into a loan agreement with an owner of a
     facility to finance the acquisition, construction, maintenance, or rehabilitation of the facility. The agreement shall contain appropriate and reasonable provisions with respect to termination, default, and legal remedies. The loan may be at below‑market interest rates.
        (3) Create and maintain a financial reserve for
     repair and replacement of capital assets.
    (b) In a loan agreement for the construction of a new facility, in connection with prequalification of general contractors for construction of the facility, the Authority shall require that the owner of the facility require submission of a commitment detailing how the general contractor will expend 25% or more of the dollar value of the general contract with one or more minority business enterprises and 5% or more of the dollar value with one or more female business enterprises. This commitment may be met by contractor's status as a minority business enterprise or female business enterprise, by a joint venture, or by subcontracting a portion of the work with or by purchasing materials for the work from one or more such enterprises, or by any combination thereof. Any contract with the general contractor for construction of the new facility shall require the general contractor to meet the foregoing obligations and shall require monthly reporting to the Authority with respect to the status of the implementation of the contractor's affirmative action plan and compliance with that plan. This report shall be filed with the General Assembly. The Authority shall require that the facility owner establish and maintain an affirmative action program designed to promote equal employment opportunity and that specifies the goals and methods for increasing participation by minorities and women in a representative mix of job classifications required to perform the respective contracts. The Authority shall file a report before March 1 of each year with the General Assembly detailing its implementation of this subsection. The terms "minority business enterprise" and "female business enterprise" have the meanings provided in the Business Enterprise for Minorities, Females, and Persons with Disabilities Act.
    (c) With respect to a facility owned or to be owned by the Authority, enter or have entered into a management agreement with a tenant of the Authority to operate the facility that requires the tenant to operate the facility for a period at least as long as the term of any bonds issued to finance the development, establishment, construction, erection, acquisition, repair, reconstruction, remodeling, adding to, extension, improvement, equipping, operation, and maintenance of the facility. Such agreement shall contain appropriate and reasonable provisions with respect to termination, default, and legal remedies.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/45)
    Sec. 45. Reporting. Promptly following entering into a management agreement, an assistance agreement, or a loan agreement involving a new facility or facility site, the Authority shall submit a detailed written report and findings of the Authority with respect to the proposed management agreement, assistance agreement, or loan agreement to the General Assembly.
    The report and findings of the Authority shall include the following:
        (A) A detailed plan of the method of funding the
     management agreement, assistance agreement, or loan agreement;
        (B) An evaluation of the economic consequences of
     the proposed management agreement, assistance agreement, or loan agreement; and
        (C) If applicable, an analysis of the reasons for
     acquiring a site for constructing a new facility.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/50)
    Sec. 50. Territory. The territory of the Authority is coterminous with the boundaries of the State of Illinois, excluding the City of Chicago.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/55)
    Sec. 55. Acquisition of property. The Authority may acquire in its own name, by gift or purchase, any real or personal property, or interests in real or personal property, necessary or convenient to carry out its corporate purposes. The Authority may not acquire property by eminent domain.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/60)
    Sec. 60. Tax exemption.
    (a) Neither the Authority nor any governmental owner of a facility or that governmental owner's tenant shall be required to pay property taxes on any facility, nor shall the interest of a tenant in any facility either owned by the Authority or owned by any governmental owner to which the Authority has provided financial assistance be subject to property taxes.
    (b) Bonds issued by the Authority, their transfer, the interest payable on th

State Codes and Statutes

Statutes > Illinois > Chapter70 > 2461

    (70 ILCS 3210/1)
    Sec. 1. Short title. This Act may be cited as the Downstate Illinois Sports Facilities Authority Act.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/5)
    Sec. 5. Definitions. In this Act:
    "Assistance Agreement" means one or more legally binding contracts, with respect to a facility for which the Authority is to provide financial assistance as provided in this Act, to which the Authority and a governmental owner of a facility or its tenant, or both, and any other appropriate persons are parties, which may be in the form of an intergovernmental agreement.
    "Authority" means the Downstate Illinois Sports Facilities Authority.
    "Facility" means any of the following:
        (1) Stadiums, arenas, or other structures for the
     holding of athletic contests or events, including baseball, football, hockey, and automobile racing; musical, dramatic, and other artistic or social events, or public meetings and other public events.
        (2) Practice fields, or other areas where
     professional, amateur, or semi‑professional sports teams may practice or perform.
    "Facility" also means the following types of property if that property is directly related to an item listed in paragraphs (1) or (2) of this definition:
            (i) Offices, parking lots and garages,
         landscaping and open spaces, access roads, transportation facilities, restaurants, and stores.
            (ii) Other recreation areas.
            (iii) Other property or structures, including
         all fixtures, furnishings, and appurtenances normally associated with such facilities.
    "Financial Assistance" means the use by the Authority, pursuant to an assistance agreement, of its powers under the Act, including, without limitation, the power to borrow money, to issue bonds and notes, to assist a governmental owner or its tenants, or both, with one or more of the following: designing, developing, establishing, constructing, erecting, acquiring, repairing, reconstructing, renovating, remodeling, adding to, extending, improving, equipping, operating, and maintaining a facility owned or be owned by the governmental owner.
    "Governmental Owner" means a body politic, public corporation, political subdivision, unit of local government, or municipality formed under the laws of the State of Illinois that owns or is to own a facility located within the corporate limits of the Authority described in Section 50 of this Act and to which the Authority provides financial assistance.
    "Loan agreement" means a legally binding contract between the Authority and an owner of a facility, pursuant to which the Authority agrees to make loans to the owner for the purpose of (i) constructing, acquiring, operating, repairing, rehabilitating, or managing a facility and the site on which a facility is or is to be located, which facility or site must be located in the State of Illinois, excluding the City of Chicago, and (ii) infrastructure improvements related to the facility.
    "Management Agreement" means a legally binding contract between the Authority and a tenant of a facility owned by the Authority, which contains at least the following provisions:
        (A) a provision requiring the tenant to conduct its
     complete regular home season schedule and any home playoff events in the facility;
        (B) a provision requiring the tenant to provide
     routine maintenance of and to operate the facility with its personnel or contractors;
        (C) a provision requiring the tenant to advertise
     and promote events it conducts at the facility;
        (D) a provision requiring the tenant to operate or
     contract for concessions for the patrons of the facility; and
        (E) a provision permitting the Authority or its
     designee to hold other events in any such facility owned by the Authority at such times as shall not unreasonably interfere with the use of that facility by the tenant.
    "Tenant" means any person with which a governmental owner or the Authority has entered into an agreement for the use by a sports team of any facility. Such an agreement may be a management agreement or an assistance agreement or may be a lease of or a license, permit or similar agreement with respect to the use of a facility by such team for such period as shall be agreed upon by the person and the governmental owner or the Authority, as the case may be.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/10)
    Sec. 10. Legislative finding and declaration. The General Assembly finds that as a result of deteriorating infrastructure and sports facilities there is a shortage of sports facilities suitable for use by professional, amateur, or semi‑professional sports teams and other musical, theatrical, and other social organizations.
    It is further found that as a result of the costs to repair or replace the infrastructure and facilities, and as a result of current financing costs, the private sector, without the assistance contemplated in this Act, is unable to construct feasibly adequate sports facilities.
    It is further found that the creation of modern sports facilities and the other results contemplated by this Act would stimulate economic activity in the State of Illinois, including the creation and maintenance of jobs, the creation of new and lasting infrastructure and other improvements, and the retention of sports and entertainment events that generate economic activity.
    It is further found that sports facilities can be magnets for substantial interstate tourism resulting in increased retail sales, hotel and restaurant sales, and entertainment industry sales, all of which increase jobs and economic growth.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/15)
    Sec. 15. Authority and Board created.
    (a) The Downstate Illinois Sports Facilities Authority is created as a political subdivision, unit of local government, body politic, and municipal corporation.
    (b) The governing and administrative powers of the Authority shall be vested in a body known as the Downstate Illinois Sports Facilities Authority Board. The Board shall consist of 8 members: a Chair and 7 additional members, all of whom are appointed by the Governor.
    All gubernatorial appointments, including the Chair, shall be subject to the advice and consent of the Senate, except in the case of temporary appointments as provided in Section 20. No member shall be employed by the State or any political subdivision of the State or by any department or agency of the State or any political subdivision of the State.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/20)
    Sec. 20. Terms of appointments.
    (a) On the effective date of this Act:
        (1) The Governor shall appoint the Chair and 3 other
     members of the Board for initial terms expiring June 30 of 2007.
        (2) The Governor shall appoint 2 members of the
     Board for initial terms expiring June 30 of 2006.
        (3) The Governor shall appoint 2 members of the
     Board for initial terms expiring June 30 of 2005.
    (b) At the expiration of the term of any member appointed by the Governor, the Governor shall appoint the member's successor in the same manner as appointments for the initial terms. All successors shall hold office for a term of 3 years from the first day of July of the year in which they are appointed, except in the case of an appointment to fill a vacancy. Each member, including the Chair, shall hold office until the expiration of the member's term and until the member's successor is appointed and qualified. Nothing shall preclude a member or a Chair from serving consecutive terms.
    (c) Vacancies for members and for the Chair shall be filled in the same manner as original appointments for the balance of the unexpired term.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/25)
    Sec. 25. Actions of the Authority.
    (a) Six members of the Authority constitute a quorum for the purpose of conducting business. Actions of the Authority must receive the affirmative vote of at least 6 members. The Authority shall determine the times and places of its meetings. The members of the Authority shall serve without compensation for service as a member but are entitled to reimbursement of reasonable expenses incurred in the performance of their official duties.
    (b) The Authority shall annually elect a secretary and a treasurer.
    (c) An executive committee appointed by the Governor made up of 4 members, including the Chair, have the authority to operate the Authority on a day‑to‑day basis, with the powers and duties determined by the bylaws of the Authority.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/30)
    Sec. 30. Executive Director. The Authority shall appoint an Executive Director, who is the chief executive officer of the Authority. In addition to any other duties set forth in this Act, the Executive Director shall do the following:
        (1) Direct and supervise the administrative affairs
     and activities of the Authority, in accordance with its rules, regulations, and policies.
        (2) Attend meetings of the Authority.
        (3) Keep minutes of all proceedings of the Authority.
        (4) Approve all accounts for salaries, per diem
     payments, and allowable expenses of the Authority and its employees and consultants and approve all expenses incidental to the operation of the Authority.
        (5) Report and make recommendations to the Authority
     on the merits and status of any proposed facility.
        (6) Perform any other duty that the Authority
     requires for carrying out the provisions of this Act.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/35)
    Sec. 35. Powers.
    (a) In addition to the powers set forth elsewhere in this Act, the Authority may do the following:
        (1) Adopt and alter an official seal.
        (2) Sue and be sued, plead and be impleaded, all in
     its own name, and agree to binding arbitration of any dispute to which it is a party.
        (3) Adopt bylaws, rules, and regulations to carry
     out the provisions of this Act.
        (4) Maintain an office or offices at the place the
     Authority may designate.
        (5) Employ, either as regular employees or
     independent contractors, consultants, engineers, architects, accountants, attorneys, financial experts, construction experts and personnel, superintendents, managers and other professional personnel, and such other personnel as may be necessary in the judgment of the Authority, and fix their compensation.
        (6) Acquire, hold, lease as lessor or as lessee,
     use, encumber, transfer, or dispose of real and personal property, including the alteration of or demolition of improvements to real estate.
        (7) Enter into contracts of any kind.
        (8) Enter into one or more loan agreements with an
     owner of a facility that conform to the requirements of this Act and that may contain provisions as the Authority shall determine, including, without limit: (i) provisions granting the owner the right and option to extend the term of the loan agreement; (ii) provisions creating an assignment and pledge by the Authority of certain of the Authority's revenues and receipts to be received under this Act for the benefit of the owner of the facility as further security for performance by the Authority of its obligations under the loan agreement; and (iii) provisions requiring the establishment of reserves by the Authority or by the owner, or both, as further security for the performance of their respective obligations under the loan agreement.
        (9) Borrow money from any source for any lawful
     purpose, including working capital for its operations, reserve funds, or interest, and to mortgage, pledge or otherwise encumber the property or funds of the Authority and to contract with or engage the services of any person in connection with any financing, including financial institutions, issuers of letters of credit, or insurers and enter into reimbursement agreements with this person which may be secured as if money were borrowed from the person.
        (10) Receive and accept from any private or public
     source, contributions, gifts, or grants of money or property.
        (11) Make loans from proceeds or funds otherwise
     available to the extent necessary or appropriate to accomplish the purposes of the Authority.
        (12) Provide for the insurance of any property,
     operations, officers, agents, or employees of the Authority against any risk or hazard and provide for the indemnification of its members, employees, contractors, or agents against any and all risks.
        (13) Provide relocation assistance and compensation
     for landowners and their lessees displaced by any land acquisition of the Authority, including the acquisition of land and construction of replacement housing thereon as the Authority shall determine.
        (14) Exercise all the corporate powers granted
     Illinois corporations under the Business Corporation Act of 1983, except to the extent that powers are inconsistent with those of a body politic and corporate of the State.
        (15) Determine the locations of, develop, design,
     establish, construct, erect, acquire, own, repair, reconstruct, renovate, remodel, add to, extend, improve, equip, operate, regulate and maintain facilities and provide financial assistance to governmental owners or their tenants or both, pursuant to an assistance agreement to do the foregoing, in each case to the extent necessary to accomplish the purposes of the Authority.
        (16) Regulate the use and operation of facilities
     that are developed under the provisions of this Act.
        (17) Enter into one or more management agreements
     which conform to the requirements of this Act and which may contain such provisions as the Authority shall determine, including, without limitation (i) provisions allocating receipts from rents, rates, fees, and charges for use of the facility or for services rendered in connection with the facility between the Authority and the tenant of the facility; (ii) provisions providing for or limiting payments to the Authority for use of the facility based on levels of attendance or receipts, or both attendance and receipts, of the tenant from admission charges, parking concessions, advertising, radio and television, and other sources; (iii) provisions obligating the Authority to make payments to the tenant with respect to expenses of routine maintenance and operation of any facility and operating expenses of the tenant with respect to use of the facility; (iv) provisions requiring the Authority to pay liquidated damages to the tenant for failure of timely completion of construction of any new facility; (v) provisions permitting the Authority to grant rent‑free occupancy of an existing facility pending completion of construction of any new facility and requiring the Authority to pay certain incremental costs of maintenance, repair, replacement, and operation of an existing facility in the event of failure of timely completion of construction of any new facility; (vi) provisions requiring the Authority to reimburse the tenant for certain State and local taxes and provisions permitting reductions of payments due the Authority by the tenant or reimbursement of the tenant by the Authority in the event of imposition of certain new State and local taxes, or the increase above specified levels of certain existing State and local taxes, or both; (vii) provisions obligating the Authority to purchase tickets to events conducted by the tenant based upon specified attendance levels; (viii) provisions granting the tenant the right and option to extend the term of the management agreement; and (ix) provisions requiring the establishment of reserves by the Authority or by the tenant, or both, as further security for the performance of their respective obligations under the management agreement.
        (18) Enter into one or more assistance agreements
     that conform to the requirements of this Act and that may contain such provisions as the Authority shall determine establishing the rights and obligations of the Authority and the governmental owner or a tenant, or both, with respect to the facility for which the Authority is to provide financial assistance.
        (19) Issue bonds or notes under Section 100 of this
     Act.
        (20) Sell, convey, lease, or grant a permit or
     license with respect to, or by agreement authorize another person on its behalf to sell, convey, lease or grant a permit or license with respect to (i) the right to use or the right to purchase tickets to use, or any other interest in, any seat or area within a facility; (ii) the right to name or place advertising in all or any part of a facility; or (iii) any intangible personal property rights, including intellectual property rights, appurtenant to any facility, the proceeds of which are used for the purpose of carrying out the powers granted by the Act.
        (21) Do all things necessary or convenient to carry
     out the powers granted by this Act.
    (b) The Authority may not construct or enter into a contract to construct more than one new stadium facility and may not enter into assistance agreements providing for the reconstruction, renovation, remodeling, extension, or improvement of all or substantially all of more than one existing facility unless authorized by law.
    (c) The Authority may adopt such rules as are necessary to carry out those powers conferred and perform those duties required by this Act.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/40)
    Sec. 40. Duties.
    (a) In addition to the powers set forth elsewhere in this Act, subject to the terms of any agreements with the holders of the Authority's evidences of indebtedness, the Authority shall do the following:
        (1) Comply with all zoning, building, and land use
     controls of the municipality within which is located any stadium facility owned by the Authority or for which the Authority provides financial assistance.
        (2) Enter into a loan agreement with an owner of a
     facility to finance the acquisition, construction, maintenance, or rehabilitation of the facility. The agreement shall contain appropriate and reasonable provisions with respect to termination, default, and legal remedies. The loan may be at below‑market interest rates.
        (3) Create and maintain a financial reserve for
     repair and replacement of capital assets.
    (b) In a loan agreement for the construction of a new facility, in connection with prequalification of general contractors for construction of the facility, the Authority shall require that the owner of the facility require submission of a commitment detailing how the general contractor will expend 25% or more of the dollar value of the general contract with one or more minority business enterprises and 5% or more of the dollar value with one or more female business enterprises. This commitment may be met by contractor's status as a minority business enterprise or female business enterprise, by a joint venture, or by subcontracting a portion of the work with or by purchasing materials for the work from one or more such enterprises, or by any combination thereof. Any contract with the general contractor for construction of the new facility shall require the general contractor to meet the foregoing obligations and shall require monthly reporting to the Authority with respect to the status of the implementation of the contractor's affirmative action plan and compliance with that plan. This report shall be filed with the General Assembly. The Authority shall require that the facility owner establish and maintain an affirmative action program designed to promote equal employment opportunity and that specifies the goals and methods for increasing participation by minorities and women in a representative mix of job classifications required to perform the respective contracts. The Authority shall file a report before March 1 of each year with the General Assembly detailing its implementation of this subsection. The terms "minority business enterprise" and "female business enterprise" have the meanings provided in the Business Enterprise for Minorities, Females, and Persons with Disabilities Act.
    (c) With respect to a facility owned or to be owned by the Authority, enter or have entered into a management agreement with a tenant of the Authority to operate the facility that requires the tenant to operate the facility for a period at least as long as the term of any bonds issued to finance the development, establishment, construction, erection, acquisition, repair, reconstruction, remodeling, adding to, extension, improvement, equipping, operation, and maintenance of the facility. Such agreement shall contain appropriate and reasonable provisions with respect to termination, default, and legal remedies.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/45)
    Sec. 45. Reporting. Promptly following entering into a management agreement, an assistance agreement, or a loan agreement involving a new facility or facility site, the Authority shall submit a detailed written report and findings of the Authority with respect to the proposed management agreement, assistance agreement, or loan agreement to the General Assembly.
    The report and findings of the Authority shall include the following:
        (A) A detailed plan of the method of funding the
     management agreement, assistance agreement, or loan agreement;
        (B) An evaluation of the economic consequences of
     the proposed management agreement, assistance agreement, or loan agreement; and
        (C) If applicable, an analysis of the reasons for
     acquiring a site for constructing a new facility.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/50)
    Sec. 50. Territory. The territory of the Authority is coterminous with the boundaries of the State of Illinois, excluding the City of Chicago.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/55)
    Sec. 55. Acquisition of property. The Authority may acquire in its own name, by gift or purchase, any real or personal property, or interests in real or personal property, necessary or convenient to carry out its corporate purposes. The Authority may not acquire property by eminent domain.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/60)
    Sec. 60. Tax exemption.
    (a) Neither the Authority nor any governmental owner of a facility or that governmental owner's tenant shall be required to pay property taxes on any facility, nor shall the interest of a tenant in any facility either owned by the Authority or owned by any governmental owner to which the Authority has provided financial assistance be subject to property taxes.
    (b) Bonds issued by the Authority, their transfer, the interest payable on th

State Codes and Statutes

State Codes and Statutes

Statutes > Illinois > Chapter70 > 2461

    (70 ILCS 3210/1)
    Sec. 1. Short title. This Act may be cited as the Downstate Illinois Sports Facilities Authority Act.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/5)
    Sec. 5. Definitions. In this Act:
    "Assistance Agreement" means one or more legally binding contracts, with respect to a facility for which the Authority is to provide financial assistance as provided in this Act, to which the Authority and a governmental owner of a facility or its tenant, or both, and any other appropriate persons are parties, which may be in the form of an intergovernmental agreement.
    "Authority" means the Downstate Illinois Sports Facilities Authority.
    "Facility" means any of the following:
        (1) Stadiums, arenas, or other structures for the
     holding of athletic contests or events, including baseball, football, hockey, and automobile racing; musical, dramatic, and other artistic or social events, or public meetings and other public events.
        (2) Practice fields, or other areas where
     professional, amateur, or semi‑professional sports teams may practice or perform.
    "Facility" also means the following types of property if that property is directly related to an item listed in paragraphs (1) or (2) of this definition:
            (i) Offices, parking lots and garages,
         landscaping and open spaces, access roads, transportation facilities, restaurants, and stores.
            (ii) Other recreation areas.
            (iii) Other property or structures, including
         all fixtures, furnishings, and appurtenances normally associated with such facilities.
    "Financial Assistance" means the use by the Authority, pursuant to an assistance agreement, of its powers under the Act, including, without limitation, the power to borrow money, to issue bonds and notes, to assist a governmental owner or its tenants, or both, with one or more of the following: designing, developing, establishing, constructing, erecting, acquiring, repairing, reconstructing, renovating, remodeling, adding to, extending, improving, equipping, operating, and maintaining a facility owned or be owned by the governmental owner.
    "Governmental Owner" means a body politic, public corporation, political subdivision, unit of local government, or municipality formed under the laws of the State of Illinois that owns or is to own a facility located within the corporate limits of the Authority described in Section 50 of this Act and to which the Authority provides financial assistance.
    "Loan agreement" means a legally binding contract between the Authority and an owner of a facility, pursuant to which the Authority agrees to make loans to the owner for the purpose of (i) constructing, acquiring, operating, repairing, rehabilitating, or managing a facility and the site on which a facility is or is to be located, which facility or site must be located in the State of Illinois, excluding the City of Chicago, and (ii) infrastructure improvements related to the facility.
    "Management Agreement" means a legally binding contract between the Authority and a tenant of a facility owned by the Authority, which contains at least the following provisions:
        (A) a provision requiring the tenant to conduct its
     complete regular home season schedule and any home playoff events in the facility;
        (B) a provision requiring the tenant to provide
     routine maintenance of and to operate the facility with its personnel or contractors;
        (C) a provision requiring the tenant to advertise
     and promote events it conducts at the facility;
        (D) a provision requiring the tenant to operate or
     contract for concessions for the patrons of the facility; and
        (E) a provision permitting the Authority or its
     designee to hold other events in any such facility owned by the Authority at such times as shall not unreasonably interfere with the use of that facility by the tenant.
    "Tenant" means any person with which a governmental owner or the Authority has entered into an agreement for the use by a sports team of any facility. Such an agreement may be a management agreement or an assistance agreement or may be a lease of or a license, permit or similar agreement with respect to the use of a facility by such team for such period as shall be agreed upon by the person and the governmental owner or the Authority, as the case may be.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/10)
    Sec. 10. Legislative finding and declaration. The General Assembly finds that as a result of deteriorating infrastructure and sports facilities there is a shortage of sports facilities suitable for use by professional, amateur, or semi‑professional sports teams and other musical, theatrical, and other social organizations.
    It is further found that as a result of the costs to repair or replace the infrastructure and facilities, and as a result of current financing costs, the private sector, without the assistance contemplated in this Act, is unable to construct feasibly adequate sports facilities.
    It is further found that the creation of modern sports facilities and the other results contemplated by this Act would stimulate economic activity in the State of Illinois, including the creation and maintenance of jobs, the creation of new and lasting infrastructure and other improvements, and the retention of sports and entertainment events that generate economic activity.
    It is further found that sports facilities can be magnets for substantial interstate tourism resulting in increased retail sales, hotel and restaurant sales, and entertainment industry sales, all of which increase jobs and economic growth.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/15)
    Sec. 15. Authority and Board created.
    (a) The Downstate Illinois Sports Facilities Authority is created as a political subdivision, unit of local government, body politic, and municipal corporation.
    (b) The governing and administrative powers of the Authority shall be vested in a body known as the Downstate Illinois Sports Facilities Authority Board. The Board shall consist of 8 members: a Chair and 7 additional members, all of whom are appointed by the Governor.
    All gubernatorial appointments, including the Chair, shall be subject to the advice and consent of the Senate, except in the case of temporary appointments as provided in Section 20. No member shall be employed by the State or any political subdivision of the State or by any department or agency of the State or any political subdivision of the State.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/20)
    Sec. 20. Terms of appointments.
    (a) On the effective date of this Act:
        (1) The Governor shall appoint the Chair and 3 other
     members of the Board for initial terms expiring June 30 of 2007.
        (2) The Governor shall appoint 2 members of the
     Board for initial terms expiring June 30 of 2006.
        (3) The Governor shall appoint 2 members of the
     Board for initial terms expiring June 30 of 2005.
    (b) At the expiration of the term of any member appointed by the Governor, the Governor shall appoint the member's successor in the same manner as appointments for the initial terms. All successors shall hold office for a term of 3 years from the first day of July of the year in which they are appointed, except in the case of an appointment to fill a vacancy. Each member, including the Chair, shall hold office until the expiration of the member's term and until the member's successor is appointed and qualified. Nothing shall preclude a member or a Chair from serving consecutive terms.
    (c) Vacancies for members and for the Chair shall be filled in the same manner as original appointments for the balance of the unexpired term.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/25)
    Sec. 25. Actions of the Authority.
    (a) Six members of the Authority constitute a quorum for the purpose of conducting business. Actions of the Authority must receive the affirmative vote of at least 6 members. The Authority shall determine the times and places of its meetings. The members of the Authority shall serve without compensation for service as a member but are entitled to reimbursement of reasonable expenses incurred in the performance of their official duties.
    (b) The Authority shall annually elect a secretary and a treasurer.
    (c) An executive committee appointed by the Governor made up of 4 members, including the Chair, have the authority to operate the Authority on a day‑to‑day basis, with the powers and duties determined by the bylaws of the Authority.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/30)
    Sec. 30. Executive Director. The Authority shall appoint an Executive Director, who is the chief executive officer of the Authority. In addition to any other duties set forth in this Act, the Executive Director shall do the following:
        (1) Direct and supervise the administrative affairs
     and activities of the Authority, in accordance with its rules, regulations, and policies.
        (2) Attend meetings of the Authority.
        (3) Keep minutes of all proceedings of the Authority.
        (4) Approve all accounts for salaries, per diem
     payments, and allowable expenses of the Authority and its employees and consultants and approve all expenses incidental to the operation of the Authority.
        (5) Report and make recommendations to the Authority
     on the merits and status of any proposed facility.
        (6) Perform any other duty that the Authority
     requires for carrying out the provisions of this Act.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/35)
    Sec. 35. Powers.
    (a) In addition to the powers set forth elsewhere in this Act, the Authority may do the following:
        (1) Adopt and alter an official seal.
        (2) Sue and be sued, plead and be impleaded, all in
     its own name, and agree to binding arbitration of any dispute to which it is a party.
        (3) Adopt bylaws, rules, and regulations to carry
     out the provisions of this Act.
        (4) Maintain an office or offices at the place the
     Authority may designate.
        (5) Employ, either as regular employees or
     independent contractors, consultants, engineers, architects, accountants, attorneys, financial experts, construction experts and personnel, superintendents, managers and other professional personnel, and such other personnel as may be necessary in the judgment of the Authority, and fix their compensation.
        (6) Acquire, hold, lease as lessor or as lessee,
     use, encumber, transfer, or dispose of real and personal property, including the alteration of or demolition of improvements to real estate.
        (7) Enter into contracts of any kind.
        (8) Enter into one or more loan agreements with an
     owner of a facility that conform to the requirements of this Act and that may contain provisions as the Authority shall determine, including, without limit: (i) provisions granting the owner the right and option to extend the term of the loan agreement; (ii) provisions creating an assignment and pledge by the Authority of certain of the Authority's revenues and receipts to be received under this Act for the benefit of the owner of the facility as further security for performance by the Authority of its obligations under the loan agreement; and (iii) provisions requiring the establishment of reserves by the Authority or by the owner, or both, as further security for the performance of their respective obligations under the loan agreement.
        (9) Borrow money from any source for any lawful
     purpose, including working capital for its operations, reserve funds, or interest, and to mortgage, pledge or otherwise encumber the property or funds of the Authority and to contract with or engage the services of any person in connection with any financing, including financial institutions, issuers of letters of credit, or insurers and enter into reimbursement agreements with this person which may be secured as if money were borrowed from the person.
        (10) Receive and accept from any private or public
     source, contributions, gifts, or grants of money or property.
        (11) Make loans from proceeds or funds otherwise
     available to the extent necessary or appropriate to accomplish the purposes of the Authority.
        (12) Provide for the insurance of any property,
     operations, officers, agents, or employees of the Authority against any risk or hazard and provide for the indemnification of its members, employees, contractors, or agents against any and all risks.
        (13) Provide relocation assistance and compensation
     for landowners and their lessees displaced by any land acquisition of the Authority, including the acquisition of land and construction of replacement housing thereon as the Authority shall determine.
        (14) Exercise all the corporate powers granted
     Illinois corporations under the Business Corporation Act of 1983, except to the extent that powers are inconsistent with those of a body politic and corporate of the State.
        (15) Determine the locations of, develop, design,
     establish, construct, erect, acquire, own, repair, reconstruct, renovate, remodel, add to, extend, improve, equip, operate, regulate and maintain facilities and provide financial assistance to governmental owners or their tenants or both, pursuant to an assistance agreement to do the foregoing, in each case to the extent necessary to accomplish the purposes of the Authority.
        (16) Regulate the use and operation of facilities
     that are developed under the provisions of this Act.
        (17) Enter into one or more management agreements
     which conform to the requirements of this Act and which may contain such provisions as the Authority shall determine, including, without limitation (i) provisions allocating receipts from rents, rates, fees, and charges for use of the facility or for services rendered in connection with the facility between the Authority and the tenant of the facility; (ii) provisions providing for or limiting payments to the Authority for use of the facility based on levels of attendance or receipts, or both attendance and receipts, of the tenant from admission charges, parking concessions, advertising, radio and television, and other sources; (iii) provisions obligating the Authority to make payments to the tenant with respect to expenses of routine maintenance and operation of any facility and operating expenses of the tenant with respect to use of the facility; (iv) provisions requiring the Authority to pay liquidated damages to the tenant for failure of timely completion of construction of any new facility; (v) provisions permitting the Authority to grant rent‑free occupancy of an existing facility pending completion of construction of any new facility and requiring the Authority to pay certain incremental costs of maintenance, repair, replacement, and operation of an existing facility in the event of failure of timely completion of construction of any new facility; (vi) provisions requiring the Authority to reimburse the tenant for certain State and local taxes and provisions permitting reductions of payments due the Authority by the tenant or reimbursement of the tenant by the Authority in the event of imposition of certain new State and local taxes, or the increase above specified levels of certain existing State and local taxes, or both; (vii) provisions obligating the Authority to purchase tickets to events conducted by the tenant based upon specified attendance levels; (viii) provisions granting the tenant the right and option to extend the term of the management agreement; and (ix) provisions requiring the establishment of reserves by the Authority or by the tenant, or both, as further security for the performance of their respective obligations under the management agreement.
        (18) Enter into one or more assistance agreements
     that conform to the requirements of this Act and that may contain such provisions as the Authority shall determine establishing the rights and obligations of the Authority and the governmental owner or a tenant, or both, with respect to the facility for which the Authority is to provide financial assistance.
        (19) Issue bonds or notes under Section 100 of this
     Act.
        (20) Sell, convey, lease, or grant a permit or
     license with respect to, or by agreement authorize another person on its behalf to sell, convey, lease or grant a permit or license with respect to (i) the right to use or the right to purchase tickets to use, or any other interest in, any seat or area within a facility; (ii) the right to name or place advertising in all or any part of a facility; or (iii) any intangible personal property rights, including intellectual property rights, appurtenant to any facility, the proceeds of which are used for the purpose of carrying out the powers granted by the Act.
        (21) Do all things necessary or convenient to carry
     out the powers granted by this Act.
    (b) The Authority may not construct or enter into a contract to construct more than one new stadium facility and may not enter into assistance agreements providing for the reconstruction, renovation, remodeling, extension, or improvement of all or substantially all of more than one existing facility unless authorized by law.
    (c) The Authority may adopt such rules as are necessary to carry out those powers conferred and perform those duties required by this Act.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/40)
    Sec. 40. Duties.
    (a) In addition to the powers set forth elsewhere in this Act, subject to the terms of any agreements with the holders of the Authority's evidences of indebtedness, the Authority shall do the following:
        (1) Comply with all zoning, building, and land use
     controls of the municipality within which is located any stadium facility owned by the Authority or for which the Authority provides financial assistance.
        (2) Enter into a loan agreement with an owner of a
     facility to finance the acquisition, construction, maintenance, or rehabilitation of the facility. The agreement shall contain appropriate and reasonable provisions with respect to termination, default, and legal remedies. The loan may be at below‑market interest rates.
        (3) Create and maintain a financial reserve for
     repair and replacement of capital assets.
    (b) In a loan agreement for the construction of a new facility, in connection with prequalification of general contractors for construction of the facility, the Authority shall require that the owner of the facility require submission of a commitment detailing how the general contractor will expend 25% or more of the dollar value of the general contract with one or more minority business enterprises and 5% or more of the dollar value with one or more female business enterprises. This commitment may be met by contractor's status as a minority business enterprise or female business enterprise, by a joint venture, or by subcontracting a portion of the work with or by purchasing materials for the work from one or more such enterprises, or by any combination thereof. Any contract with the general contractor for construction of the new facility shall require the general contractor to meet the foregoing obligations and shall require monthly reporting to the Authority with respect to the status of the implementation of the contractor's affirmative action plan and compliance with that plan. This report shall be filed with the General Assembly. The Authority shall require that the facility owner establish and maintain an affirmative action program designed to promote equal employment opportunity and that specifies the goals and methods for increasing participation by minorities and women in a representative mix of job classifications required to perform the respective contracts. The Authority shall file a report before March 1 of each year with the General Assembly detailing its implementation of this subsection. The terms "minority business enterprise" and "female business enterprise" have the meanings provided in the Business Enterprise for Minorities, Females, and Persons with Disabilities Act.
    (c) With respect to a facility owned or to be owned by the Authority, enter or have entered into a management agreement with a tenant of the Authority to operate the facility that requires the tenant to operate the facility for a period at least as long as the term of any bonds issued to finance the development, establishment, construction, erection, acquisition, repair, reconstruction, remodeling, adding to, extension, improvement, equipping, operation, and maintenance of the facility. Such agreement shall contain appropriate and reasonable provisions with respect to termination, default, and legal remedies.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/45)
    Sec. 45. Reporting. Promptly following entering into a management agreement, an assistance agreement, or a loan agreement involving a new facility or facility site, the Authority shall submit a detailed written report and findings of the Authority with respect to the proposed management agreement, assistance agreement, or loan agreement to the General Assembly.
    The report and findings of the Authority shall include the following:
        (A) A detailed plan of the method of funding the
     management agreement, assistance agreement, or loan agreement;
        (B) An evaluation of the economic consequences of
     the proposed management agreement, assistance agreement, or loan agreement; and
        (C) If applicable, an analysis of the reasons for
     acquiring a site for constructing a new facility.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/50)
    Sec. 50. Territory. The territory of the Authority is coterminous with the boundaries of the State of Illinois, excluding the City of Chicago.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/55)
    Sec. 55. Acquisition of property. The Authority may acquire in its own name, by gift or purchase, any real or personal property, or interests in real or personal property, necessary or convenient to carry out its corporate purposes. The Authority may not acquire property by eminent domain.
(Source: P.A. 93‑227, eff. 1‑1‑04.)

    (70 ILCS 3210/60)
    Sec. 60. Tax exemption.
    (a) Neither the Authority nor any governmental owner of a facility or that governmental owner's tenant shall be required to pay property taxes on any facility, nor shall the interest of a tenant in any facility either owned by the Authority or owned by any governmental owner to which the Authority has provided financial assistance be subject to property taxes.
    (b) Bonds issued by the Authority, their transfer, the interest payable on th