093_SB1602

 
                                     LRB093 02810 SJM 02826 b

 1        AN ACT in relation to finance.

 2        Be  it  enacted  by  the People of the State of Illinois,
 3    represented in the General Assembly:

 4        Section 5.  The General Obligation Bond Act is amended by
 5    changing Section 8 as follows:

 6        (30 ILCS 330/8) (from Ch. 127, par. 658)
 7        Sec. 8.  Bond Sale Expenses. An amount not to  exceed  .5
 8    percent  of  the  principal amount of the proceeds of sale of
 9    each bond sale is authorized to be used to pay the reasonable
10    costs of issuance and  sale  of  State  of  Illinois  general
11    obligation  bonds  authorized and sold under pursuant to this
12    Act.
13    (Source: P.A. 83-1490.)