Illinois Compiled Statutes 30 Finance: Article -

• Illinois School Construction Bond Act. - 30 ILCS 390, Section 1
  This Act shall be known and may be cited as the "School Construction Bond Act". (Source: P.A. 78-220.)
• Illinois School Construction Bond Act. - 30 ILCS 390, Section 2
  The General Assembly has examined the long-term capital facility and land needs of the local school districts within the State of Illinois. The General...
• Illinois School Construction Bond Act. - 30 ILCS 390, Section 3
  The State of Illinois is authorized to issue, sell and provide for the retirement of general obligation bonds of the State of Illinois in...
• Illinois School Construction Bond Act. - 30 ILCS 390, Section 4
  The Bonds shall be issued and sold from time to time in such amounts as directed by the Governor, upon recommendation by the Director of...
• Illinois School Construction Bond Act. - 30 ILCS 390, Section 5
  The Bonds shall be signed by the Governor and attested by the Secretary of State under the printed facsimile seal of the State and...
• Illinois School Construction Bond Act. - 30 ILCS 390, Section 6
  The Bonds shall be sold from time to time by the Director of the Governor's Office of Management and Budget to the highest and best...
• Illinois School Construction Bond Act. - 30 ILCS 390, Section 7
  At all times, the proceeds from the sale of the Bonds are subject to appropriation by the General Assembly to the Capital Development Board...
• Illinois School Construction Bond Act. - 30 ILCS 390, Section 8
  The Treasurer may, with the approval of the Governor, invest and reinvest any money in the School Construction Fund in the State Treasury which,...
• Illinois School Construction Bond Act. - 30 ILCS 390, Section 9
  To provide for the manner of repayment of the Bonds, the Governor shall include an appropriation in each annual State Budget of monies in...
• Illinois School Construction Bond Act. - 30 ILCS 390, Section 10
  All Bonds issued in accordance with the provisions of this Act shall be direct, general obligations of the State of Illinois and shall so...
• Illinois School Construction Bond Act. - 30 ILCS 390, Section 11
  If the State fails to pay the principal of or interest on any of the Bonds as the same become due, a civil action...
• Illinois School Construction Bond Act. - 30 ILCS 390, Section 12
  Upon each delivery of Bonds authorized to be issued under this Act, the Comptroller shall compute and certify to the State Treasurer the total...
• Illinois School Construction Bond Act. - 30 ILCS 390, Section 13
  The State of Illinois is authorized, from time to time as the Governor shall determine, to issue, sell and provide for the retirement of...
• Illinois School Construction Bond Act. - 30 ILCS 390, Section 14
  If any Section, sentence, or clause of this Act is for any reason held invalid or to be unconstitutional, such decision shall not affect...
• Illinois School Construction Bond Act. - 30 ILCS 390, Section 15
  After December 1, 1984 no additional bonds shall be issued or sold pursuant to this Act; instead all State of Illinois general obligation bonds...

Last modified: February 18, 2015