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Public Act 095-0879
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| SB2883 Enrolled |
LRB095 18546 RCE 44632 b |
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AN ACT concerning State government.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Illinois Finance Authority Act is amended by |
changing Section 845-5 as follows:
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(20 ILCS 3501/845-5)
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Sec. 845-5. Bond limitations.
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(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
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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).
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(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.)
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Section 99. Effective date. This Act takes effect upon |