Illinois Compiled Statutes 50 ILCS 355/5-25 – Notice of intent to contract; award of contracts
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Terms Used In Illinois Compiled Statutes 50 ILCS 355/5-25
- Contract: A legal written agreement that becomes binding when signed.
- Third party: means a person, partnership, corporation, or other entity or individual registered to do business in Illinois who contracts with a municipality or county to review financial information related to the disbursement of local taxes by the Department to the municipality or county. See Illinois Compiled Statutes 50 ILCS 355/5-5
A municipality or county that chooses to contract with a third party pursuant to this Act shall follow all rules set forth in the Illinois Municipal Code or the Counties Code, as applicable, concerning those contracts.