Illinois Compiled Statutes 30 Finance: Article -

• Illinois General Obligation Bond Act. - 30 ILCS 330, Section 1
  Short Title. This Act shall be known and may be cited as the "General Obligation Bond Act". (Source: P.A. 92-13, eff. 6-22-01.)
• Illinois General Obligation Bond Act. - 30 ILCS 330, Section 1.5
  Re-enactment; findings; purpose; validation. (a) The General Assembly finds and declares that: (1) Article IV of Public Act 85-1135, effective July 28, 1988, contained...
• Illinois General Obligation Bond Act. - 30 ILCS 330, Section 2
  Authorization for Bonds. The State of Illinois is authorized to issue, sell and provide for the retirement of General Obligation Bonds of the State of...
• Illinois General Obligation Bond Act. - 30 ILCS 330, Section 2.5
  Limitation on issuance of Bonds. (a) Except as provided in subsection (b), no Bonds may be issued if, after the issuance, in the next State...
• Illinois General Obligation Bond Act. - 30 ILCS 330, Section 3
  Capital Facilities. The amount of $9,753,963,443 is authorized to be used for the acquisition, development, construction, reconstruction, improvement, financing, architectural planning and installation of capital...
• Illinois General Obligation Bond Act. - 30 ILCS 330, Section 4
  Transportation. The amount of $15,948,199,000 is authorized for use by the Department of Transportation for the specific purpose of promoting and assuring rapid, efficient, and...
• Illinois General Obligation Bond Act. - 30 ILCS 330, Section 5
  School Construction. (a) The amount of $58,450,000 is authorized to make grants to local school districts for the acquisition, development, construction, reconstruction, rehabilitation, improvement, financing,...
• Illinois General Obligation Bond Act. - 30 ILCS 330, Section 6
  Anti-Pollution. (a) The amount of $443,215,000 is authorized for allocation by the Environmental Protection Agency for grants or loans to units of local government in...
• Illinois General Obligation Bond Act. - 30 ILCS 330, Section 7
  Coal and Energy Development. The amount of $242,700,000 is authorized to be used by the Department of Commerce and Economic Opportunity (formerly Department of Commerce...
• Illinois General Obligation Bond Act. - 30 ILCS 330, Section 7.2
  State pension funding. (a) The amount of $10,000,000,000 is authorized to be used for the purpose of making contributions to the designated retirement systems. For...
• Illinois General Obligation Bond Act. - 30 ILCS 330, Section 7.3
  Medicaid enhancement funding. The amount of $250,000,000 is authorized to be issued only during fiscal year 2010 for the making of deposits into the Healthcare...
• Illinois General Obligation Bond Act. - 30 ILCS 330, Section 7.5
  Tobacco securitization general obligation bonds. The amount of $750,000,000 is authorized to be issued only during fiscal year 2003 for the making of deposits...
• Illinois General Obligation Bond Act. - 30 ILCS 330, Section 8
  Bond sale expenses. (a) An amount not to exceed 0.5 percent of the principal amount of the proceeds of sale of each bond sale is...
• Illinois General Obligation Bond Act. - 30 ILCS 330, Section 9
  Conditions for Issuance and Sale of Bonds - Requirements for Bonds. (a) Except as otherwise provided in this subsection, Bonds shall be issued and sold...
• Illinois General Obligation Bond Act. - 30 ILCS 330, Section 10
  Execution of Bonds. Bonds shall be signed by the Governor and attested by Secretary of State under the printed facsimile seal of the State...
• Illinois General Obligation Bond Act. - 30 ILCS 330, Section 11
  Sale of Bonds. Except as otherwise provided in this Section, Bonds shall be sold from time to time pursuant to notice of sale and public...
• Illinois General Obligation Bond Act. - 30 ILCS 330, Section 12
  Allocation of Proceeds from Sale of Bonds. (a) Proceeds from the sale of Bonds, authorized by Section 3 of this Act, shall be deposited in...
• Illinois General Obligation Bond Act. - 30 ILCS 330, Section 13
  Appropriation of Proceeds from Sale of Bonds. (a) At all times, the proceeds from the sale of Bonds issued pursuant to this Act are subject...
• Illinois General Obligation Bond Act. - 30 ILCS 330, Section 14
  Repayment. (a) To provide for the manner of repayment of Bonds, the Governor shall include an appropriation in each annual State Budget of monies in...
• Illinois General Obligation Bond Act. - 30 ILCS 330, Section 15
  Computation of Principal and Interest; transfers. (a) Upon each delivery of Bonds authorized to be issued under this Act, the Comptroller shall compute and certify...
• Illinois General Obligation Bond Act. - 30 ILCS 330, Section 15.5
  Compliance with the Business Enterprise for Minorities, Females, and Persons with Disabilities Act. Notwithstanding any other provision of law, the Governor's Office of Management and...
• Illinois General Obligation Bond Act. - 30 ILCS 330, Section 16
  Refunding Bonds. The State of Illinois is authorized to issue, sell, and provide for the retirement of General Obligation Bonds of the State of Illinois...
• Illinois General Obligation Bond Act. - 30 ILCS 330, Section 17
  Bonds as General Obligations of the State. All Bonds issued in accordance with the provisions of this Act shall be direct, general obligations of...
• Illinois General Obligation Bond Act. - 30 ILCS 330, Section 18
  Compel Payment-Remedies of Bondholders. If the State fails to pay the principal of or interest on any of the Bonds or premium, if any,...
• Illinois General Obligation Bond Act. - 30 ILCS 330, Section 19
  Investment of Money Not Needed for Current Expenditures - Application of Earnings. (a) The State Treasurer may, with the Governor's approval, invest and reinvest...
• Illinois General Obligation Bond Act. - 30 ILCS 330, Section 20
  A separate fund in the State treasury called the "General Obligation Bond Rebate Fund" is hereby created. The State Treasurer is hereby authorized to...
• Illinois General Obligation Bond Act. - 30 ILCS 330, Section 21
  Truth in borrowing disclosures. (a) Within 20 business days after the issuance of any Bonds under this Act, the Director of the Governor's Office of...
• Illinois General Obligation Bond Act. - 30 ILCS 330, Section 27
  This Act takes effect upon its becoming a law. (Source: P.A. 83-1490.)

Last modified: February 18, 2015