Illinois Compiled Statutes 50 ILCS 405 Local Government Debt Limitation Act. Section 1.3

    (50 ILCS 405/1.3) (from Ch. 85, par. 851.3)

    Sec. 1.3. The limitation prescribed in section 1 of this act shall not apply to any indebtedness of any school district incurred in connection with the issuance of funding bonds.

(Source: Laws 1941, vol. 2, p. 472.)

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Last modified: February 18, 2015