Illinois Code § 620 ILCS 40/13

Whenever revenue bonds are issued under section 10 of this Act,
Open in Lexace · Ask the AI about this section
all revenue derived from the operation of such airport, landing field, and
facilities or appurtenances thereof, shall be set aside as collected and
shall be deposited in a separate fund designated as the "Airport Fund" of
the county. This fund shall be used only in paying the cost of operation
and maintenance of the airport or landing field, in providing an adequate
depreciation fund, and in paying the principal of and interest upon the
revenue bonds issued under section 10 of this Act.

‹ 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.