Sec. 40. Anti-trust laws; State action exemption; tort immunity; tax exemption.
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/il/chapter-70/act-503/40A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 40. Anti-trust laws; State action exemption; tort immunity; tax exemption.
(a)The Commission is hereby expressly made the beneficiary of the provisions of Section 1 of the Local Government Antitrust Exemption Act, and the General Assembly intends that the State action exemption to the application of the federal anti-trust laws be fully available to the Commission to the extent its activities are either
(i)expressly or by necessary implication authorized by this Act or other Illinois law; or
(ii)within traditional areas of local governmental activity.
(b)Members of the Commission, and their present and former officers, employees, agents, and independent contractors shall have the same immunities as established by the Local Governmental and Governmental Employees Tort Immunity Act.
(c)Property, income, and receipts of or transactions by the Commission shall be exempt from all taxation, the same as if it were the property, income, or transaction of a city or county.