Sec. 40. Public private agreement proceeds.
77 words·~1 min read·
/il/chapter-605/act-130/40A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 40. Public private agreement proceeds. After the payment of all transaction costs, including payments for legal, accounting, financial, consultation, and other professional services, all moneys received by the State as compensation for the public private agreement shall be deposited into the Illiana Expressway Proceeds Fund, which is hereby created as a special fund in the State treasury. Expenditures may be made from the Fund only in the manner as appropriated by the General Assembly by law.