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Code · Illinois · Chapter 110 — HIGHER EDUCATION · Act 945

Sec. 6.13. Borrowing funds for operations.

72 words·~1 min read·/il/chapter-110/act-945/6-13

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Sec. 6.13. Borrowing funds for operations. To borrow working capital funds and other funds as may be necessary for start-up and continuing operations, as long as such funds are borrowed in the name of the Authority only. Such borrowings shall be limited obligations of the character described in Section 12 of this Act and shall be payable solely from revenues of the Authority or the proceeds of Bonds pledged for that purpose.
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