Sec. 845-60. Tax Exemption.
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/il/chapter-20/act-3501/845-60A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 845-60. Tax Exemption. The tax exemptions of outstanding bonds issued by the Predecessor Authorities pursuant to sections of the enabling acts of the Predecessor Authorities applicable to those bonds when issued shall remain valid and continue to be recognized by the State until final payment of those bonds, notwithstanding the repeal of the enabling acts of the Predecessor Authorities.