GroundRules
← Search the law
Illinois · Through at least Public Act 104-790

50 ILCS 445/10

Read at publisher ↗
Where this section sits in the code
  1. CHAPTER 50 LOCAL GOVERNMENT
  2. Industrial Building Revenue Bond Act.

The governing body of an authority that issues bonds pursuant to this Act shall establish and collect revenues for industrial projects and shall revise the revenues when necessary to insure that the income from the revenues is always sufficient to pay the principal and interest on all bonds when due. The income from the revenues shall be pledged to this purpose, including the maintenance of adequate reserves.

Collected 2026-09-15T04:46:22Z. Source file · JSON

Browse this collection