(30 ILCS 390/) (School Construction Bond Act.)

Title: An Act to provide for the orderly, efficient and economic planning, financing, acquisition, construction and development by the State of Illinois of capital school facilities consisting of buildings, structures, and durable equipment, as well as the acquisition of real estate in connection therewith, and to meet, in part, the State of Illinois' responsibility for financing the system of public education, by authorizing the issuance and sale of general obligation bonds of the State of Illinois, the proceeds of which are to be used for making grants to school districts for such purposes, and for debt service on school district bonds issued for such purposes after January 1, 1969; and, to provide for the payment of the principal of and interest on such general obligation bonds of the State of Illinois and authorizing the issuance and sale of refunding bonds.

Cite: 30 ILCS 390/1 et seq.

Source: P.A. 78-220. Title amended by P.A. 79-1480.

Short title: School Construction Bond Act.