{"data":{"id":"us-il/105-ilcs-5-1h-70","jurisdiction":"us-il","citation":"105 ILCS 5/1H-70","heading":"Tax anticipation warrants, tax anticipation notes, revenue anticipation certificates or notes, general State aid or evidence-based funding anticipation certificates, and lines of credit.","body":"With the approval of the State Superintendent and provided that the district is unable to secure short-term financing after 3 attempts, a Panel shall have the same power as a district to do the following:\n(1) issue tax anticipation warrants under the provisions of Section 17-16 of this Code against taxes levied by either the school board or the Panel pursuant to Section 1H-25 of this Code;\n(2) issue tax anticipation notes under the provisions of the Tax Anticipation Note Act against taxes levied by either the school board or the Panel pursuant to Section 1H-25 of this Code;\n(3) issue revenue anticipation certificates or notes under the provisions of the Revenue Anticipation Act;\n(4) issue general State aid or evidence-based funding anticipation certificates under the provisions of Section 18-18 of this Code; and\n(5) establish and utilize lines of credit under the provisions of Section 17-17 of this Code.\nTax anticipation warrants, tax anticipation notes, revenue anticipation certificates or notes, general State aid or evidence-based funding anticipation certificates, and lines of credit are considered borrowing from sources other than the State and are subject to Section 1H-65 of this Code.","path":["CHAPTER 105 SCHOOLS","School Code."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=1005\u0026ChapterID=17\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:25Z","sha256":"cb82ba2c50148fd38f46aa21760b74c20166f359c119f32793c62241c3a420c7","source_id":"us-il","stale":false,"prev":"us-il/105-ilcs-5-1h-65","next":"us-il/105-ilcs-5-1h-75"},"notice":"GroundRules: Original legal text. Not legal advice."}