Illinois Statutes Chapter 765. Property § 122/2. Definitions

§ 2. Definitions. In this Act:

“Activity and use limitations” means restrictions or obligations created under this Act with respect to real property.

“Agency” means the Illinois Environmental Protection Agency or any other State or federal agency that determines or approves the environmental response project pursuant to which the environmental covenant is created.

“Board” means the Pollution Control Board established by the Environmental Protection Act.

“Common interest community” means a condominium, cooperative, or other real property with respect to which a person, by virtue of the person's ownership of a parcel of real property, is obligated to pay property taxes or insurance premiums, or for maintenance, or improvement of other real property described in a recorded covenant that creates the common interest community.

“Environmental covenant” means a servitude that (i) arises under an environmental response project or under a court or Board order and (ii) imposes activity and use limitations.

“Environmental response project” means a plan or work that is:

“Holder” means the grantee of an environmental covenant as specified in Section 3(a).

“Person” means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, public corporation, government, governmental subdivision, agency, or instrumentality, or any other legal or commercial entity.

“Prior interest” means a preceding or senior interest, in time or in right, that is recorded with respect to the real property, including but not limited to a mortgage, easement, or other interest, lien, or encumbrance predating the recording of an environmental covenant.

“Record”, used as a noun, means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.