Illinois Statutes
§ 6-5009 — Sinking fund
Illinois § 6-5009
JurisdictionIllinois
TopicGOVERNMENT
Ch. 55COUNTIES
Act 55 ILCS 5/Counties Code.
Art.Article 6 - Finance
This text of Illinois § 6-5009 (Sinking fund) 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
55 Ill. Comp. Stat. 6-5009 (2026).
Text
The resolution may provide for the creation of a sinking fund to consist of the proceeds of the taxes levied for the payment of the principal and interest upon these bonds. This fund shall be faithfully applied to the purchase or payment of the bonds, and the interest thereon, issued pursuant to the provisions of Sections 6-5006 through 6-5010.
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Legislative History
(Source: P.A. 86-962.)
Nearby Sections
15
§ 6
§ 6§ 6-10001
Refunding bonds§ 6-10002
Ordinance§ 6-10003
Exchange or sale of refunding bonds§ 6-10004
Form of refunding bonds; maturity§ 6-10005
Reduction of tax§ 6-10006
Sinking fund§ 6-10007
§ 6-10007§ 6-10008
Applicability§ 6-1001
Annual budget§ 6-1002
Contents of annual budget§ 6-1004
Supplemental budgetCite This Page — Counsel Stack
Bluebook (online)
Illinois § 6-5009, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/55/6-5009.