{"data":{"id":"us-il/50-ilcs-475-5-25","jurisdiction":"us-il","citation":"50 ILCS 475/5-25","heading":"Master developer standards.","body":"The master developer appointed for the STAR bond district shall meet high standards of creditworthiness and financial strength, as demonstrated by one or more of the following: (i) corporate debenture ratings of BBB or higher by Standard \u0026 Poor's Corporation or Baa or higher by Moody's Investors Service, Inc.; (ii) a letter from a financial institution with assets of $10,000,000 or more attesting to the financial strength of the master developer; or (iii) specific evidence of equity financing for not less than 10% of the estimated total STAR bond project costs.","path":["CHAPTER 50 LOCAL GOVERNMENT","Statewide Innovation Development and Economy Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=4650\u0026ChapterID=11\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:22Z","sha256":"91999dd686c2e8e8b9c481eee1284d713b270bf546846db25e6dabb11b65ef78","source_id":"us-il","stale":false,"prev":"us-il/50-ilcs-475-5-20","next":"us-il/50-ilcs-475-5-30"},"notice":"GroundRules: Original legal text. Not legal advice."}