Illinois Compiled Statutes 70 ILCS 1707/35 – General powers and authority
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In addition to any other rights, powers, duties, or obligations granted to the Board under this Act or specifically granted to the Board under any other law, the Board has all of the following general powers and authority:
(1) To sue and be sued in its official name.
(2) To enter into agreements with units of local
(1) To sue and be sued in its official name.
Terms Used In Illinois Compiled Statutes 70 ILCS 1707/35
- Bequest: Property gifted by will.
- 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.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Personal property: All property that is not real property.
- State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
(2) To enter into agreements with units of local
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government, transportation agencies, State agencies, federal agencies, and persons in order to implement any of the provisions of this Act, including agreements for specialized planning services.
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(3) To accept and expend, for purposes consistent
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with the purposes of this Act, funds and moneys from any source, including gifts, bequests, grants, appropriations, loans, or contributions made by any person, unit of local government, the State, or the federal government.
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(4) To enter into contracts or other transactions
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with any unit of local government, transportation agency, State agency, public or private organization, or any other source in furtherance of the purpose of this Act, and to take any necessary action in order to avail itself of such aid and cooperation.
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(5) To purchase, receive, take by grant, gift,
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devise, or bequest, lease, or otherwise acquire, own, hold, improve, employ, use, and otherwise deal in and with real or personal property, or any interest therein, wherever situated.
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(6) To adopt, alter, or repeal its own bylaws and any
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rules that the Board deems necessary in governing the exercise of its authority and the performance of its duties under this Act.
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(7) To make purchases under this Act in compliance
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with the Local Government Prompt Payment Act.
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(8) To adopt an annual operating budget and work
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program for each fiscal year and make appropriations in accordance with the Illinois Municipal Budget Law and to have the power to expend such budgeted moneys.
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(9) To exercise any other implied powers that are
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necessary or convenient for the Board to accomplish its purposes and that are not inconsistent with its expressed powers.
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(10) To cooperate with any planning agency of a state
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contiguous to the region in order to integrate and coordinate plans for development of urban areas in that state with the regional comprehensive plan developed under this Act.
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