# 50 ILCS 470/25: Section 25

> Illinois · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S25

## Section

- **Citation:** 50 ILCS 470/25
- **Heading:** Section 25
- **Jurisdiction:** Illinois
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Illinois Code / Chapter 50 / Act 470 / Section 25

## Text

(50 ILCS 470/25) Sec. 25. Co-developers and subdevelopers. Upon approval of a STAR bond project by the political subdivision, the master developer may, subject to the approval of the Director and the political subdivision, develop the STAR bond project on its own or it may develop the STAR bond project with another developer, which may include an assignment or transfer of development rights. (a) A master developer may sell, lease, or otherwise convey its property interest in the STAR bond project area to a co-developer or subdeveloper. (b) A master developer may enter into one or more agreements with a co-developer or subdeveloper in connection with a STAR bond project, and the master developer may request that the political subdivision become a party to the project development agreement, or the master developer may request that the political subdivision amend its master development agreement to provide for certain terms and conditions that may be related to the co-developer or subdeveloper and the STAR bond project. For any project development agreement which the political subdivision would be a party or for any amendments to the master development agreement, the terms and conditions must be acceptable to both the master developer and the political subdivision. (Source: P.A. 96-939, eff. 6-24-10.)

## Nearby sections

- [50 ILCS 470/1 Section 1](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S1.md)
- [50 ILCS 470/5 Section 5](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S5.md)
- [50 ILCS 470/10 Section 10](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S10.md)
- [50 ILCS 470/15 Section 15](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S15.md)
- [50 ILCS 470/20 Section 20](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S20.md)
- [50 ILCS 470/25 Section 25](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S25.md)
- [50 ILCS 470/30 Section 30](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S30.md)
- [50 ILCS 470/31 Section 31](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S31.md)
- [50 ILCS 470/33 Section 33](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S33.md)
- [50 ILCS 470/35 Section 35](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S35.md)
- [50 ILCS 470/40 Section 40](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S40.md)
- [50 ILCS 470/45 Section 45](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S45.md)
- [50 ILCS 470/50 Section 50](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S50.md)
- [50 ILCS 470/52 Section 52](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S52.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S25. Check the current official text before relying on it. Not legal advice.