Illinois General Assembly - Full Text of Public Act 095-0879
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Public Act 095-0879


 

Public Act 0879 95TH GENERAL ASSEMBLY



 


 
Public Act 095-0879
 
SB2883 Enrolled LRB095 18546 RCE 44632 b

    AN ACT concerning State government.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Illinois Finance Authority Act is amended by
changing Section 845-5 as follows:
 
    (20 ILCS 3501/845-5)
    Sec. 845-5. Bond limitations.
    (a) The Authority may not have outstanding at any one time
bonds for any of its corporate purposes in an aggregate
principal amount exceeding $28,150,000,000 $26,650,000,000,
excluding bonds issued to refund the bonds of the Authority or
bonds of the Predecessor Authorities.
    (b) The Authority may not have outstanding at any one time
revenue bonds in an aggregate principal amount exceeding
$4,000,000,000 on behalf of the Illinois Power Agency as set
forth in Section 825-90. Any such revenue bonds issued on
behalf of the Illinois Power Agency pursuant to this Act shall
not be counted against the bond authorization limit set forth
in subsection (a).
(Source: P.A. 94-1068, eff. 8-1-06; 95-481, eff. 8-28-07;
95-697, eff. 11-6-07; revised 12-6-07.)
 
    Section 99. Effective date. This Act takes effect upon
becoming law.

Effective Date: 8/21/2008