Illinois Compiled Statutes 50 ILCS 405 Local Government Debt Limitation Act. Section 1.2

    (50 ILCS 405/1.2) (from Ch. 85, par. 851.2)

    Sec. 1.2. The limitation prescribed in Section 1 of this Act shall not apply to any indebtedness of any school district for acquiring or improving a site or sites, constructing, extending, improving and equipping school buildings or establishing a working cash fund.

(Source: Laws 1957, p. 285.)

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Last modified: February 18, 2015