Sec. 40. Available funds.
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/il/chapter-110/act-62/40A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 40. Available funds. A public university may use funds designated for operating or capital expenditures for any guaranteed energy savings contract, including purchases using installment payment contracts or lease purchase agreements. A public university that enters into such a contract or agreement may covenant in such contract or agreement that payments made thereunder shall be payable from the first funds legally available in each fiscal year.