(110 ILCS 610/3) (from Ch. 144, par. 1013)
Sec. 3.
Whenever bonds are issued by the Board or its successor as
provided in this Act, it shall be the duty of the Board or its successor
to establish charges or fees, including without limitation fees for
student activities and fees for student facilities, for the use of any
such building or buildings or structures sufficient at all times to pay
maintenance and operation costs and principal of and interest on such
bonds; and all revenues derived from the operation thereof shall be set
aside in a separate fund and accounts as hereinafter provided and shall
be irrevocably pledged for and used only in paying the cost of
maintenance and operation of such building or buildings or structures
and paying the principal of and interest upon the bonds issued for the
purpose or purposes set forth and described in the resolution
authorizing the issuance of such bonds, and such charges and fees shall
be sufficient at all times for such purposes.
(Source: Laws 1965, p. 1636.)
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