Sec. 45. Reporting.
116 words·~1 min read·
/il/chapter-70/act-3210/45A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 45. Reporting. Promptly following entering into a management agreement, an assistance agreement, or a loan agreement involving a new facility or facility site, the Authority shall submit a detailed written report and findings of the Authority with respect to the proposed management agreement, assistance agreement, or loan agreement to the General Assembly.
The report and findings of the Authority shall include the following:
(A)A detailed plan of the method of funding the management agreement, assistance
agreement, or loan agreement;
(B)An evaluation of the economic consequences of the proposed management agreement,
assistance agreement, or loan agreement; and
(C)If applicable, an analysis of the reasons for acquiring a site for constructing a
new facility.