Illinois Code § 50 ILCS 450/7

The resolution may provide for the creation of a sinking fund to consist
Open in Lexace · Ask the AI about this section
of the proceeds of the taxes levied under this Act and the rental income
derived from the medical service facility. This fund shall be faithfully
applied to the purchase or payment of bonds issued under this Act and the
interest thereon.

‹ Prev All Illinois sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.