Illinois Compiled Statutes 50 ILCS 405 Local Government Debt Limitation Act. Section 1.20

    (50 ILCS 405/1.20) (from Ch. 85, par. 851.20)

    Sec. 1.20. The limitation prescribed in Section 1 of this Act does not apply to any indebtedness of a park district for the acquisition, construction, maintenance and operation of airports and landing fields for aircraft, as provided in Section 9-2b of The Park District Code, as now or hereafter amended, or to any indebtedness of a county with a population of less than 300,000 and contiguous to one, and only one, county with a population over 200,000 and less than 300,000 for the acquisition, construction, maintenance, and operation of airports, landing fields, and related facilities, including roads, utilities, and parking facilities.

(Source: P.A. 86-513.)

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Last modified: February 18, 2015