Illinois Compiled Statutes 20 ILCS 720/5 – Legislative purpose
Current as of: 2024 | Check for updates
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The General Assembly makes the following findings:
(1) The continued economic vitality of downtown and
(1) The continued economic vitality of downtown and
neighborhood commercial districts in our municipalities is essential to community preservation, social cohesion, and economic growth.
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(2) Municipalities need to maintain their local
economies so that business owners will be able to provide goods and services to the community, to provide employment opportunities, to avoid disinvestment and economic dislocations, and to develop and sustain downtown and neighborhood commercial district revitalization programs to address these problems.
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Terms Used In Illinois Compiled Statutes 20 ILCS 720/5
- 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