Illinois Code § 70 ILCS 215/9

Under no circumstances shall any bonds issued by the Authority
Open in Lexace · Ask the AI about this section
pursuant to this Act be or become an indebtedness or obligation of the
State of Illinois or of any other political subdivision of or municipality
within the State, nor shall any such bond be or become an indebtedness of
the Authority within the purview of any constitutional limitation or
provision, and it shall be plainly stated on the face of each bond that it
does not constitute such an indebtedness or obligation but is payable
solely from the revenues or income as aforesaid.

‹ 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.