{"data":{"id":"us-il/70-ilcs-516-50","jurisdiction":"us-il","citation":"70 ILCS 516/50","heading":"Abolition of the Authority.","body":"The Authority is abolished upon the last to occur of the following: (1) the expiration of the 15-year period that begins on the effective date of this Act; or (2) one year after the date that all revenue bonds, notes, and other evidences of indebtedness of the Authority have been fully paid and discharged or otherwise provided for. Upon the abolition of the Authority, all of its rights and property shall pass to and be vested in the municipal government in which it is located.","path":["CHAPTER 70 SPECIAL DISTRICTS","Riverdale Development Authority Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2827\u0026ChapterID=15\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:24Z","sha256":"4559b0d9f27727c360320bb0ae04e2edbaa63ebbbf6fe7f6c0880865ffbb84ed","source_id":"us-il","stale":false,"prev":"us-il/70-ilcs-516-45","next":"us-il/70-ilcs-516-900"},"notice":"GroundRules: Original legal text. Not legal advice."}