(110 ILCS 805/3A-22) (from Ch. 122, par. 103A-22)
Sec. 3A-22.
The board of a district may take any action that may be necessary to
inform the owners of unpaid bonds regarding the financial condition of the
district, the necessity of refunding its unpaid bonds and readjusting the
maturities thereof in order that sufficient taxes may be collected to take
care of these bonds, and thus re-establish the credit of the community
college district. The board may enter into any agreement required to
prepare and carry out any refunding plan and, without any previous
appropriation therefor under any budget law, may incur and pay expenditures
that may be necessary in order to accomplish the refunding of the bonds of
the district.
(Source: P.A. 78-669.)
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