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Code · Illinois · Chapter 105 — SCHOOLS · Act 5

Sec. 34A-604. Abolition of Authority.

47 words·~1 min read·/il/chapter-105/act-5/34a-604

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Sec. 34A-604. Abolition of Authority. The Authority shall be abolished one year after all its Obligations have been fully paid and discharged or otherwise provided for. Upon the abolition of the Authority, all of its rights and property shall pass to and be vested in the Board.
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