Illinois Compiled Statutes 50 Local Government: Article -

• Illinois Tax Anticipation Note Act. - 50 ILCS 420, Section 0.01
  Short title. This Act may be cited as the Tax Anticipation Note Act. (Source: P.A. 86-1324.)
• Illinois Tax Anticipation Note Act. - 50 ILCS 420, Section 1
  As used in this Act "Unit of Government" means any county, municipality, township, special district or unit of local government designated as a unit...
• Illinois Tax Anticipation Note Act. - 50 ILCS 420, Section 2
  Any Unit of Government may issue from time to time general obligation notes (hereinafter called the "Notes") in an amount including principal, interest thereon...
• Illinois Tax Anticipation Note Act. - 50 ILCS 420, Section 3
  The Notes shall bear interest at a rate or rates not to exceed that permitted in "An Act to authorize public corporations to issue...
• Illinois Tax Anticipation Note Act. - 50 ILCS 420, Section 4
  Adoption of ordinance or resolution. In order to authorize and issue the Notes the Governing Body shall adopt an ordinance (or resolution where appropriate)...
• Illinois Tax Anticipation Note Act. - 50 ILCS 420, Section 4.1
  (a) The purpose of this Section is to provide a means for units of local government and school districts to finance anticipated cash flow...
• Illinois Tax Anticipation Note Act. - 50 ILCS 420, Section 5
  From and after the Notes have been issued as provided for by this Act, while the Notes are outstanding, it shall be the duty...
• Illinois Tax Anticipation Note Act. - 50 ILCS 420, Section 6
  The Notes shall be executed in the name of the Unit of Government by manual or facsimile signatures of such officials of the Unit...
• Illinois Tax Anticipation Note Act. - 50 ILCS 420, Section 7
  The Notes may be issued in excess of any statutory limitation as to debt and shall not operate to reduce the debt incurring power...
• Illinois Tax Anticipation Note Act. - 50 ILCS 420, Section 8
  This Act without reference to any other statute, shall be deemed full and complete authority for the issuance of the Notes as hereinabove provided...
• Illinois Tax Anticipation Note Act. - 50 ILCS 420, Section 9
  If any section, sentence, or clause of this Act is for any reason held invalid or to be unconstitutional, such decision shall not affect...

Last modified: February 18, 2015