Sec. 7.5. Tobacco securitization general obligation bonds.
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/il/chapter-30/act-330/7-5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 7.5. Tobacco securitization general obligation bonds. The amount of $750,000,000 is authorized to be issued only during fiscal year 2003 for the making of deposits of 50% of net proceeds to the General Revenue Fund to build the fiscal year ending general funds cash balance and to meet the ordinary and contingent expenses of the State and 50% of net proceeds to the Budget Stabilization Fund.