SB0235 Enrolled LRB096 04037 NHT 14075 b

1     AN ACT concerning education.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The School Code is amended by changing Section
5 34A-604 as follows:
 
6     (105 ILCS 5/34A-604)  (from Ch. 122, par. 34A-604)
7     Sec. 34A-604. Abolition of Authority. The Authority shall
8 be abolished one year after all its Obligations have been fully
9 paid and discharged or otherwise provided for. Upon the
10 abolition of the Authority, all of its rights and property
11 shall pass to and be vested in the Board State.
12 (Source: P.A. 81-1221.)