Illinois Compiled Statutes 110 Higher Education: Article IIIa - Bonds

• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-1
  Any community college district may borrow money for the purpose of building, equipping, altering or repairing community college buildings or purchasing or improving community college...
• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-2
  Where bonds are issued by any community college district under Sections 3A-1 through 3A-4, and before any contract is let for the construction of...
• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-3
  All bonds issued under this Act, before being issued, negotiated and sold, shall be registered, numbered and countersigned by the treasurer who receives the...
• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-4
  All moneys borrowed under the authority of this Act, shall be paid to the treasurer of the district. Upon receiving such moneys the treasurer...
• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-5
  Whenever any district is authorized to issue bonds, the secretary shall file in the office of the county clerk of each county in which...
• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-6
  Any community college district is authorized to issue bonds for the purpose of paying orders issued for the wages of teachers, or for the...
• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-7
  Before any district as described in Section 3A-6 shall avail itself of the provisions of that Section the board shall examine and consider the...
• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-8
  Any district which has complied with Section 3A-7 and which is authorized to issue bonds under Sections 3A-6 and 3A-7 shall adopt a resolution...
• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-9
  A certified copy of the resolution authorizing the issue of bonds under Sections 3A-6 through 3A-8 shall be filed with the county clerk of...
• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-10
  Any bonds issued under Sections 3A-6 to 3A-8, inclusive, may be exchanged par for par for claims or unpaid orders for wages of teachers,...
• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-11
  Purchasers of such bonds shall not be obligated to inquire into the validity of the indebtedness funded, and bonds issued under Sections 3A-6 through...
• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-12
  When a community college district has issued bonds or other evidence of indebtedness for any purposes which are binding and subsisting legal obligations and...
• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-13
  Refunding bonds. The corporate authorities of any community college district, without submitting the question to the electors thereof for approval, may authorize by resolution...
• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-14
  The refunding bonds may be made registerable as to principal and may bear interest at a rate not to exceed the maximum rate authorized...
• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-15
  The resolution authorizing refunding bonds shall prescribe all details thereof and shall provide for the levy and collection of a direct annual tax upon...
• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-16
  The refunding bonds may be exchanged for the bonds to be refunded on the basis of dollar for dollar for the par value of...
• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-17
  The refunding bonds shall be of such form and denomination, payable at such place, bear such date, and be executed by such officials as...
• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-18
  If there is no default in payment of the principal of or interest upon the refunding bonds, and a sum of money equal to...
• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-19
  Whenever refunding bonds are purchased and cancelled as provided in Section 3A-18, the taxes thereafter to be extended for payment of the principal of...
• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-20
  Whenever refunding bonds are issued, proper reduction of taxes theretofore levied for the payment of the bonds refunded and next to be extended for...
• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-21
  Money received from the proceeds of taxes levied for payment of the principal of and interest upon refunding bonds shall be deposited in a...
• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-22
  The board of a district may take any action that may be necessary to inform the owners of unpaid bonds regarding the financial condition...
• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-23
  Sections 3A-13 through 3A-23 apply to any district, regardless of the population of the district and of the law under which it is organized...
• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-24
  Whenever all the bonds of any community college district have been paid and cancelled upon the records of the community college treasurer and there...
• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-25
  In Sections 3A-25 through 3A-29, "exhibition facility" means a building or stadium constructed to be used primarily for athletic spectator sports and not facilities...
• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-26
  Any board is authorized to: a. Acquire by purchase, construct, enlarge, improve, equip, complete, operate, control and manage an exhibition facility. b. Charge for...
• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-27
  Whenever bonds are issued pursuant to Sections 3A-25 through 3A-29, the board must establish charges or fees for the use of the exhibition facility...
• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-28
  If the board determines subsequent to the original issue of bonds under Sections 3A-25 through 3A-29 that the income from the facility is insufficient...
• Illinois Public Community College Act. - 110 ILCS 805, Section 3A-29
  Members of a board issuing bonds pursuant to Sections 3A-25 through 3A-29 incur no personal liability thereby. (Source: P.A. 78-669.)

Last modified: February 18, 2015