Illinois Statutes
§ 34A-604 — Abolition of Authority
Illinois·Topic EDUCATION·Ch. 105 SCHOOLS·Act 105 ILCS 5/ School Code.·Art. Article 34A - School Finance Authority
The Authority shall be abolished one year after all its Obligations have been fully paid and discharged or otherwise provided for. Upon the abolition of the Authority, all of its rights and property shall pass to and be vested in the Board.
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Legislative History
(Source: P.A. 96-705, eff. 1-1-10.)
Nearby Sections
15
§ 34A-101
Short title§ 34A-102
Findings and purpose§ 34A-103
Definitions§ 34A-104
Establishment of Authority§ 34A-201
General powers§ 34A-201.1
(Repealed)§ 34A-201a
(Repealed)§ 34A-202
Deposits and Investments§ 34A-301
Board of Directors§ 34A-302
Terms, vacancies and removal§ 34A-303
Chairman and other officers§ 34A-304
§ 34A-304§ 34A-305
Compensation§ 34A-306
Meetings and records