(70 ILCS 3210/5)
Sec. 5.
Definitions.
In this Act:
"Assistance Agreement" means one or more legally binding contracts, with
respect to a facility for which the Authority is to provide financial
assistance as provided in this Act, to which the Authority and a governmental
owner of a facility or its tenant, or both, and any other appropriate persons
are parties, which may be in the form of an intergovernmental agreement.
"Authority" means the Downstate Illinois Sports Facilities Authority.
"Facility" means any of the following:
(1) Stadiums, arenas, or other structures for the | ||
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(2) Practice fields, or other areas where | ||
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"Facility" also means the following types of property if that
property is directly related to an item listed in paragraphs (1) or
(2) of this definition:
(i) Offices, parking lots and garages, | ||
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(ii) Other recreation areas.
(iii) Other property or structures, including all | ||
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"Financial Assistance" means the use by the Authority, pursuant to an
assistance agreement, of its powers under the Act, including, without
limitation, the power to borrow money, to issue bonds and notes, to assist a
governmental owner or its tenants, or both, with one or more of the following:
designing, developing, establishing, constructing, erecting, acquiring,
repairing, reconstructing, renovating, remodeling, adding to, extending,
improving, equipping, operating, and maintaining a facility owned or be owned
by
the governmental owner.
"Governmental Owner" means a body politic, public corporation, political
subdivision, unit of local government, or municipality formed under the laws of
the State of Illinois that owns or is to own a facility located within the
corporate limits of the Authority described in Section 50 of this Act and to
which the Authority provides financial assistance.
"Loan agreement" means a legally binding contract between the Authority and
an owner of a facility, pursuant to which the Authority agrees to make loans to
the owner for the purpose of (i) constructing, acquiring, operating, repairing,
rehabilitating, or managing a facility and the site on which a facility is or
is to be located, which facility or site must be located in the State of
Illinois, excluding the City of Chicago, and (ii) infrastructure improvements
related to the facility.
"Management Agreement" means a legally binding contract between the Authority
and a tenant of a facility owned by the Authority, which contains at least the
following provisions:
(A) a provision requiring the tenant to conduct its | ||
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(B) a provision requiring the tenant to provide | ||
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(C) a provision requiring the tenant to advertise and | ||
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(D) a provision requiring the tenant to operate or | ||
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(E) a provision permitting the Authority or its | ||
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"Tenant" means any person with which a governmental owner or the Authority
has entered into an agreement for the use by a sports team of any facility.
Such an agreement may be a management agreement or an assistance agreement or
may be a lease of or a license, permit or similar agreement with respect to the
use of a facility by such team for such period as shall be agreed upon by the
person and the governmental owner or the Authority, as the case may be.
(Source: P.A. 93-227, eff. 1-1-04.)
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