Illinois Compiled Statutes 50 Local Government: Article -

• Illinois Revenue Anticipation Act. - 50 ILCS 425, Section 0.01
  Short title. This Act may be cited as the Revenue Anticipation Act. (Source: P.A. 86-1324.)
• Illinois Revenue Anticipation Act. - 50 ILCS 425, Section 1
  This Act shall be construed as cumulative authority and not as a repeal of any existing statute authorizing the issuance of obligations to anticipate...
• Illinois Revenue Anticipation Act. - 50 ILCS 425, Section 2
  Whenever there are not sufficient funds on hand to pay obligations and the governing body of the unit of local government or school district...
• Illinois Revenue Anticipation Act. - 50 ILCS 425, Section 3
  Notes issued under this Act shall be due not more than 12 months from the date of issue and shall be payable in accordance...
• Illinois Revenue Anticipation Act. - 50 ILCS 425, Section 4
  A certified copy of the resolution adopted pursuant to the provisions of this Act, together with such other showings as may be deemed proper...
• Illinois Revenue Anticipation Act. - 50 ILCS 425, Section 5
  Whenever satisfactory showings as prescribed by this Act shall have been filed with the treasurer he shall examine the same and if found to...
• Illinois Revenue Anticipation Act. - 50 ILCS 425, Section 6
  The treasurer shall keep a registry of each series of notes so issued, together with a copy thereof. (Source: P.A. 83-1521.)
• Illinois Revenue Anticipation Act. - 50 ILCS 425, Section 7
  Anticipatory obligations issued against such expected revenues for any purpose shall not be in excess of 85% of such revenues. (Source: P.A. 83-1521.)
• Illinois Revenue Anticipation Act. - 50 ILCS 425, Section 8
  It is hereby made the duty of the treasurer authenticating any note issued under the provisions of this Act, as and when revenues so...
• Illinois Revenue Anticipation Act. - 50 ILCS 425, Section 9
  Whenever funds are available for the payment of notes issued under the provisions of this Act the treasurer shall transmit the same to the...
• Illinois Revenue Anticipation Act. - 50 ILCS 425, Section 10
  Notes issued under the provisions of this Act shall be incontestable after authentication by the treasurer and delivery to a purchaser for a valuable...
• Illinois Revenue Anticipation Act. - 50 ILCS 425, Section 11
  Any official of the unit of local government or school district, as the case may be, who votes for or otherwise influences the issuance...
• Illinois Revenue Anticipation Act. - 50 ILCS 425, Section 12
  Anticipation of certain federal revenues. In the event the anticipated revenues under this Act are proceeds or receipts of a loan or grant, or...

Last modified: February 18, 2015