Section 30 ILCS 375/2 - Definitions(a) "Local government" means a county, city, village, town, township, school district, and other special-purpose district, authority, or public corporation within the state and authorized by the state to issue bonds and other long-term obligations. (b) "Governing body" means the body or board charged with exercising the legislative authority of a local government. (c) "Department" means the Department of Commerce and Economic Opportunity . (d) "Chief financial officer" means the comptroller, treasurer, director of finance or other local government official charged with managing the fiscal affairs of a local government official charged with managing the fiscal affairs of a local government. (e) "Bonds" means debt payable more than one year after date of issue or incurrence, issued pursuant to the laws authorizing local government borrowing.Amended by P.A. 095-0331,§ 335, eff. 8/21/2007.