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Code · Illinois · Chapter 20 — EXECUTIVE BRANCH · Act 3510

Sec. 5. Bonds as limited obligations.

72 words·~1 min read·/il/chapter-20/act-3510/5

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Sec. 5. Bonds as limited obligations. Bonds issued by the Authority under this Act shall be limited obligations of the Authority payable solely from such revenues, securities, funds, and other assets as the resolution of the Authority authorizing issuance of the bonds shall provide. Bonds issued by the Authority under this Act shall not constitute a general obligation or debt of the Authority, the State or any political subdivision of the State.
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