(30 ILCS 420/9) (from Ch. 127, par. 759)
Sec. 9.
To provide for the manner of repayment of the Bonds, the Governor shall
include an appropriation in each annual State Budget of monies in such
amount as shall be necessary and sufficient, for the period covered by such
budget, to pay the interest, as it shall accrue, on all Bonds issued under
this Act and also to pay and discharge the principal of the Bonds as shall
by their terms fall due during such period. A separate fund in the State
Treasury called the "Capital Development Bond Retirement and Interest Fund"
is hereby created. The General Assembly shall make appropriations to pay
the principal of and interest on the Bonds from the Capital Development
Bond Retirement and Interest Fund. If for any reason the General Assembly
fails to make appropriations of amounts sufficient for the State to pay the
principal of and interest on the Bonds as the same shall by the terms of
the Bonds become due, this Act shall constitute an irrevocable and
continuing appropriation of all amounts necessary for that purpose, and the
irrevocable and continuing authority for and direction to the Comptroller
and to the Treasurer of the State to make the necessary transfers out of
and disbursements from the revenues and funds of the State available for
that purpose.
(Source: P.A. 77-1916.)
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