Illinois Compiled Statutes 20 ILCS 3501 Illinois Finance Authority Act. Section 845-35

    (20 ILCS 3501/845-35)

    Sec. 845-35. Under no circumstances shall any bonds or other evidences of indebtedness issued by the Authority or the Predecessor Authorities under this Act or under any other law be or become an indebtedness or obligation of the State of Illinois, within the purview of any constitutional limitation or provision, and it shall be plainly stated on the face of each bond or other evidence of indebtedness that it does not constitute such an indebtedness or obligation but is payable solely from the revenues or income of the Authority.

(Source: P.A. 93-205, eff. 1-1-04.)

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Last modified: February 18, 2015