Illinois Compiled Statutes 30 Finance: Article -

• Illinois Build Illinois Bond Act. - 30 ILCS 425, Section 1
  Short Title. This Article (herein the "Act") shall be known and may be cited as the "Build Illinois Bond Act". (Source: P.A. 84-111.)
• Illinois Build Illinois Bond Act. - 30 ILCS 425, Section 2
  Authorization for Bonds. The State of Illinois is authorized to issue, sell and provide for the retirement of limited obligation bonds, notes and other evidences...
• Illinois Build Illinois Bond Act. - 30 ILCS 425, Section 3
  Findings. The General Assembly hereby makes the following findings and determinations: (a) The issuance and sale of Bonds pursuant to this Act is an economical...
• Illinois Build Illinois Bond Act. - 30 ILCS 425, Section 4
  Purposes of Bonds. Bonds shall be issued for the following purposes and in the approximate amounts as set forth below: (a) $3,222,800,000 for the expenses...
• Illinois Build Illinois Bond Act. - 30 ILCS 425, Section 4.1
  Re-authorization of deposits into the Water Pollution Control Revolving Fund. The making of deposits into the Water Pollution Control Revolving Fund (now known as...
• Illinois Build Illinois Bond Act. - 30 ILCS 425, Section 5
  Bond Sale Expenses. (a) An amount not to exceed 0.5% of the principal amount of the proceeds of the sale of each bond sale is...
• Illinois Build Illinois Bond Act. - 30 ILCS 425, Section 6
  Conditions for Issuance and Sale of Bonds - Requirements for Bonds - Master and Supplemental Indentures - Credit and Liquidity Enhancement. (a) Bonds shall be...
• Illinois Build Illinois Bond Act. - 30 ILCS 425, Section 7
  Execution of Bonds. Bonds shall be signed by the Governor and attested by the Secretary of State under the printed facsimile seal of the...
• Illinois Build Illinois Bond Act. - 30 ILCS 425, Section 8
  Sale of Bonds. Bonds, except as otherwise provided in this Section, shall be sold from time to time pursuant to notice of sale and public...
• Illinois Build Illinois Bond Act. - 30 ILCS 425, Section 8.3
  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 Build Illinois Bond Act. - 30 ILCS 425, Section 8.5
  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 Build Illinois Bond Act. - 30 ILCS 425, Section 9
  Allocation of Proceeds from Sale of Bonds. Proceeds from the sale of Bonds (other than refunding Bonds) shall be deposited in the separate fund in...
• Illinois Build Illinois Bond Act. - 30 ILCS 425, Section 10
  Appropriation of Proceeds from Sale of Bonds. Accrued interest paid to the State at the time of the delivery of any series of Bonds...
• Illinois Build Illinois Bond Act. - 30 ILCS 425, Section 11
  Repayment. (a) To provide for the repayment of Bonds and required deposits into reserve funds required to be maintained as security for the Bonds,...
• Illinois Build Illinois Bond Act. - 30 ILCS 425, Section 12
  Bonds as Limited Obligations of the State. The Governor, on behalf of the State, is authorized to direct the trustee under the Master Indenture...
• Illinois Build Illinois Bond Act. - 30 ILCS 425, Section 13
  Computation of Principal and Interest; Transfer from Build Illinois Bond Account; Payment from Build Illinois Bond Retirement and Interest Fund. Upon each delivery of Bonds...
• Illinois Build Illinois Bond Act. - 30 ILCS 425, Section 14
  State Covenant. The State of Illinois irrevocably covenants and agrees with the holders of Bonds issued pursuant to this Act that the State will...
• Illinois Build Illinois Bond Act. - 30 ILCS 425, Section 15
  Refunding Bonds. Refunding Bonds are hereby authorized for the purpose of refunding any outstanding Bonds, including the payment of any redemption premium thereon, any reasonable...
• Illinois Build Illinois Bond Act. - 30 ILCS 425, Section 16
  Compel Payment - Remedies of Bondholders. If the State fails to pay the principal of or interest on any of the Bonds or premium,...
• Illinois Build Illinois Bond Act. - 30 ILCS 425, Section 17
  Investment of Money Not Needed for Current Expenditures - Application of Earnings. (a) The State Treasurer may, with the Governor's approval, invest and reinvest any...

Last modified: February 18, 2015