Illinois HB1364 amends the Joliet Arsenal Development Authority Act to extend the abolition period of the Authority to 35 years and designates Will.
Illinois HB1364 modifies the Joliet Arsenal Development Authority Act by extending the abolition period of the Joliet Arsenal Development Authority to 35 years from the effective date of the Act. It also specifies that upon abolition, all rights and property of the Authority will be transferred to Will County instead of the State. This change ensures that the Authority is dissolved either 35 years after the Act's effective date or one year after all its debts are settled, whichever comes later.
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