Illinois Statutes
§ 845-5 — Bond limitations
Illinois § 845-5
JurisdictionIllinois
TopicGOVERNMENT
Ch. 20EXECUTIVE BRANCH
Act 20 ILCS 3501/Illinois Finance Authority Act.
Art.Article 845 - Authority Debts, Contracts And Reports
This text of Illinois § 845-5 (Bond limitations) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
20 Ill. Comp. Stat. 845-5 (2026).
Text
(a)The Authority may not have outstanding at any one time bonds for any of its corporate purposes in an aggregate principal amount exceeding $28,150,000,000, excluding bonds issued to refund the bonds of the Authority or bonds of the Predecessor Authorities.
(b)The Authority may not have outstanding at any one time revenue bonds in an aggregate principal amount exceeding $4,000,000,000 on behalf of the Illinois Power Agency as set forth in Section 825-90. Any such revenue bonds issued on behalf of the Illinois Power Agency pursuant to this Act shall not be counted against the bond authorization limit set forth in subsection (a).
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Legislative History
(Source: P.A. 94-1068, eff. 8-1-06; 95-481, eff. 8-28-07; 95-697, eff. 11-6-07; 95-876, eff. 8-21-08; 95-879, eff. 8-21-08.)
Nearby Sections
15
§ 845-10
§ 845-10§ 845-15
§ 845-15§ 845-20
§ 845-20§ 845-25
§ 845-25§ 845-30
§ 845-30§ 845-35
§ 845-35§ 845-40
§ 845-40§ 845-45
§ 845-45§ 845-5
Bond limitations§ 845-50
§ 845-50§ 845-55
§ 845-55§ 845-60
Tax Exemption§ 845-65
§ 845-65§ 845-70
Tax avoidance§ 845-75
§ 845-75Cite This Page — Counsel Stack
Bluebook (online)
Illinois § 845-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/20/845-5.