Illinois Compiled Statutes 30 Finance: Article -

• Illinois Transportation Bond Act. - 30 ILCS 415, Section 1
  This Act shall be known and may be cited as the "Transportation Bond Act". (Source: P.A. 77-150.)
• Illinois Transportation Bond Act. - 30 ILCS 415, Section 2
  The State of Illinois is authorized to issue, sell and provide for the retirement of bonds of the State of Illinois in the amount...
• Illinois Transportation Bond Act. - 30 ILCS 415, Section 3
  The Bonds shall bear interest payable annually or semi-annually, from their date, at the rate of not more than 7% per annum. The Bonds...
• Illinois Transportation Bond Act. - 30 ILCS 415, Section 4
  The Bonds shall be sold to the highest and best bidders, for not less than their par value, upon sealed bids, from time to...
• Illinois Transportation Bond Act. - 30 ILCS 415, Section 5
  Prior to January 1, 1972, the proceeds from the sale of the Bonds shall be used by and under the direction of the Department of...
• Illinois Transportation Bond Act. - 30 ILCS 415, Section 5.1
  Not more than $32,000,000 of the proceeds from the sale of the Bonds shall be used for payments pursuant to any indenture, ordinance, resolution,...
• Illinois Transportation Bond Act. - 30 ILCS 415, Section 6
  The State Treasurer may, with the approval of the Governor, invest and reinvest, at the existing market price and in any event not to...
• Illinois Transportation Bond Act. - 30 ILCS 415, Section 7
  The Governor shall include an appropriation in each annual State budget of monies in such amount as shall be necessary and sufficient, for the...
• Illinois Transportation Bond Act. - 30 ILCS 415, Section 8
  If the State fails to pay the principal of or interest on the Bonds as the same become due, a civil action to compel...
• Illinois Transportation Bond Act. - 30 ILCS 415, Section 9
  Upon each delivery of the Bonds authorized to be issued under this Act, the Comptroller shall compute and certify to the State Treasurer the...
• Illinois Transportation Bond Act. - 30 ILCS 415, Section 10
  The State of Illinois is authorized from time to time to issue, sell and provide for the retirement of bonds of the State of...
• Illinois Transportation Bond Act. - 30 ILCS 415, Section 11
  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 Transportation Bond Act. - 30 ILCS 415, Section 11.1
  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