Illinois Statutes
§ 26-40 — Prohibitions Against Obligating the State of Illinois
Illinois·Topic EDUCATION·Ch. 110 HIGHER EDUCATION·Act 110 ILCS 681/ Northeastern Illinois University Revenue Bond Law.·Art. Article 26 -
Nothing in this Article shall be construed to authorize the Board or the University to contract a debt on behalf of, or in any way to obligate, the State of Illinois, or to pledge, assign or encumber in any way, or to permit the pledging, assigning or encumbering in any way, of appropriations made by the General Assembly of the State of Illinois.
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Illinois § 26-40 (Prohibitions Against Obligating the State of Illinois) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 89-4, eff. 1-1-96.)
Nearby Sections
14
§ 26-1
Short title§ 26-10
Powers§ 26-12
Eminent domain§ 26-15
Issuance of Bonds§ 26-20
Security of Bonds§ 26-25
Enforcement of Contract§ 26-30
Moneys of the Board§ 26-35
Validity of Bonds§ 26-45
Obligations of Board§ 26-5
Definitions§ 26-50
Bonds as Legal Investments§ 26-55
§ 26-55