315 ILCS 10/1
Short title
Short title. This act shall be known and may be cited as the Blighted Vacant Areas Development Act of 1949. (Source: Laws 1949, p. 994.)
Illinois Compiled Statutes 315 ILCS 10 — Blighted Vacant Areas Development Act of 1949.
Illinois · statute · 315 ILCS 10 · 7 active provisions
315 ILCS 10/2
Legislative finding and declaration
Legislative finding and declaration. It is hereby found and declared: (a) That there exists within the populous areas in the State of Illinois an inadequate quantity of housing and that this inadequacy may not be regarded as transitory or self-curing; (b) Inadequacy of housing in such areas breeds disease, mental and p…
315 ILCS 10/3
Definitions
Definitions. The following terms, wherever used or referred to in this Act, shall have the following respective meanings, unless, in any case, a different meaning clearly appears from the context: (a) "Private interest" and "developer" includes any person, firm, association, trust, or business corporation. (b) "Blighte…
315 ILCS 10/5
Institution of eminent domain proceedings and vesting of title
Institution of eminent domain proceedings and vesting of title. When the Governor has adopted the recommendation of the Board, he shall thereupon execute a declaration taking the site on behalf of the State of Illinois and estimating the compensation for the site. He shall then request the Attorney General to institute…
315 ILCS 10/5.5
Eminent domain
Eminent domain. Notwithstanding any other provision of this Act, any power granted under this Act to acquire property by condemnation or eminent domain is subject to, and shall be exercised in accordance with, the Eminent Domain Act. (Source: P.A. 94-1055, eff. 1-1-07.)
315 ILCS 10/6
Sale of land
Sale of land. After title to the site is vested in the State of Illinois, the State of Illinois, acting through the Governor and the Secretary of State, shall sign, seal, and deliver a deed conveying the site to the developer or his heirs, legatees, successors or assigns, in consideration of the offer of the developer,…
315 ILCS 10/7
Funds derived from sale
Funds derived from sale. The purchase price for said land shall be deposited either in the general fund or in such special fund as may be segregated for the administration of this Act. (Source: Laws 1949, p. 994.)