5 ILCS 705/ Successor Agency Act.

Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

5 ILCS 705/Art. 5

(5 ILCS 705/Art. 5 heading) ARTICLE 5

(This Article is compiled at 5 ILCS 412/)

5 ILCS 705/Art. 10

(5 ILCS 705/Art. 10 heading) ARTICLE 10

5 ILCS 705/10-1

(5 ILCS 705/10-1)

Sec. 10-1.

Short title.

This Article may be cited as the Successor Agency Act.

(Source: P.A. 89-214, eff. 8-4-95.)

5 ILCS 705/10-5

(5 ILCS 705/10-5)

Sec. 10-5.

Designation.

Unless a successor agency is specified by law,
whenever a State agency ceases operations, a successor agency shall be
designated as follows:

(1) for executive branch agencies, the Governor shall

designate a successor agency;

(2) for judicial branch agencies, the Supreme Court

shall designate a successor agency; and

(3) for legislative branch agencies, the Joint

Committee on Legislative Support Services shall designate a successor agency.

(Source: P.A. 89-214, eff. 8-4-95.)

5 ILCS 705/10-10

(5 ILCS 705/10-10)

Sec. 10-10.

Property disposal.

Unless otherwise specified by law, a State
agency that ceases operations, or the successor agency designated in the manner
prescribed by law, shall dispose of the closed agency's records and assets as
follows:

(1) Financial and other records shall be transferred

to the successor agency or to the State Archives.  The records shall be retained intact until after they have been audited by the Auditor General.

(2) All property, whether real or personal in nature,

and including but not limited to all inventory and equipment, shall be transferred to the successor agency or to the Department of Central Management Services for disposition in the manner prescribed by law or applicable contract.  Neither the successor agency nor the Department of Central Management Services, except as authorized in Section 10-15, shall have any financial responsibility to any vendor or other person making a claim relating to the inventory, property, or equipment so transferred.

(Source: P.A. 89-214, eff. 8-4-95.)

5 ILCS 705/10-15

(5 ILCS 705/10-15)

Sec. 10-15.

Authority of successor agency.

A successor agency designated in
the manner prescribed by law shall act on behalf of the agency that has ceased
operations and shall have the power and duty to receive and answer
correspondence, pay claims due and owing to a Department of Central Management
Services revolving fund from any remaining unlapsed appropriation, refer unpaid
vendors to the Court of Claims, and arrange for the orderly termination of any
affairs of the agency that has ceased operations that remain unresolved at the
date of closure.

(Source: P.A. 89-214, eff. 8-4-95.)

5 ILCS 705/Art. 95

(5 ILCS 705/Art. 95 heading) ARTICLE 95

(Amendatory provisions)

5 ILCS 705/Art. 99

(5 ILCS 705/Art. 99 heading) ARTICLE 99

5 ILCS 705/99-5

(5 ILCS 705/99-5)

Sec. 99-5.

Effective date.

This Act takes effect upon becoming law.

(Source: P.A. 89-214, eff. 8-4-95.)