§ 70 ILCS 10/0.01 Short title
§ 70 ILCS 10/1 As used in this act; (1) The term “party …
§ 70 ILCS 10/2 (a) Governmental units in each of the party states are hereby …
§ 70 ILCS 10/3 (a) A party state shall not be obligated to appropriate funds of the …
§ 70 ILCS 10/4 The airport authority shall have the power to: …
§ 70 ILCS 10/4.5 Eminent domain
§ 70 ILCS 10/5 This authority to combine into an airport authority shall become …
§ 70 ILCS 10/6 The provisions herein shall be severable; and, if any phrase, clause, …
§ 70 ILCS 10/7 Prior to the commencement of proceedings for the acquisition and …

Terms Used In Illinois Compiled Statutes > 70 ILCS 10 - Interstate Airport Authorities 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.
  • 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.
  • 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.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.