§ 5 ILCS 420/1-101 This Act shall be known and may be cited as the “Illinois …
§ 5 ILCS 420/1-102 As used in this Act, unless the context otherwise requires, the terms …
§ 5 ILCS 420/1-102.5 “Asset” means, for the purposes of Sections 4A-102 and 4A-103, an …
§ 5 ILCS 420/1-104 “Compensation” means any money, thing of value, or economic benefit …
§ 5 ILCS 420/1-104.3 “Creditor” means, for the purposes of Sections 4A-102 and 4A-103, an …
§ 5 ILCS 420/1-104.4 “Debt” means, for the purposes of Sections 4A-102 and 4A-103, any …
§ 5 ILCS 420/1-104.5 “Diversified funds” means investment products, such as mutual funds, …
§ 5 ILCS 420/1-105 “Economic opportunity” means any purchase, sale, lease, contract, …
§ 5 ILCS 420/1-105.2 “Economic relationship” means, for the purposes of Sections 4A-102 …
§ 5 ILCS 420/1-105.3 “Family” means, for the purposes of Sections 4A-102 and 4A-103, a …
§ 5 ILCS 420/1-105.5 “Filer” means, for the purposes of Sections 4A-102 and 4A-103, a …
§ 5 ILCS 420/1-105.6 “Income” means, for the purposes of Sections 4A-102 and 4A-103, …
§ 5 ILCS 420/1-105.7 “Investment real estate” means any real property, other than a …
§ 5 ILCS 420/1-106 “Legislative interest” means a substantial economic interest, …
§ 5 ILCS 420/1-107 “Legislative matter” means any bill, resolution, nomination, or other …
§ 5 ILCS 420/1-108 “Legislator” means a member or member-elect of the General Assembly
§ 5 ILCS 420/1-109 “Lobbying” means promoting or opposing in any manner the passage by …
§ 5 ILCS 420/1-110 “Lobbyist” means any person required to be registered under “An Act …
§ 5 ILCS 420/1-111 “Person” or “entity” means an individual, proprietorship, …
§ 5 ILCS 420/1-112 “Person with whom the legislator maintains a close economic …
§ 5 ILCS 420/1-112.5 “Personal residence” means, for the purposes of Sections 4A-102 and …
§ 5 ILCS 420/1-113 “Representation case” means the professional representation of any …
§ 5 ILCS 420/1-113.6 “Sector funds” means mutual funds or exchange traded funds invested …
§ 5 ILCS 420/1-113.7 “Spouse” means a party to a marriage, a party to a civil union, or a …
§ 5 ILCS 420/1-114 “State agency” means any department, office, commission, board or …
§ 5 ILCS 420/1-115 “Instrument of Ownership” means deeds, common or preferred stock …
§ 5 ILCS 420/1-116 “Professional services” means services rendered in the practice of …
§ 5 ILCS 420/1-120 Unit of local government

Terms Used In Illinois Compiled Statutes > 5 ILCS 420 > Article 1 - Short Title. Definitions

  • Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • 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.
  • 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
  • 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.
  • Quorum: The number of legislators that must be present to do business.