Illinois Statutes
§ 11-103-14
Illinois·Topic GOVERNMENT·Ch. 65 MUNICIPALITIES·Act 65 ILCS 5/ Illinois Municipal Code.·Art. Art 11 prec Div 101 - Airports
Whenever revenue bonds are issued under Section 11-103-12, all revenue derived from the operation of the specified airport, landing field, and facilities or appurtenances thereof, shall be set aside as collected and shall be deposited in a separate fund designated as the airport fund of the municipality. This fund shall be used only in paying the cost of operation and maintenance of the airport or landing field, in providing an adequate depreciation fund, and in paying the principal of and interest upon the revenue bonds issued under Section 11-103-12.
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Legislative History
(Source: Laws 1961, p. 576.)
Nearby Sections
15
§ 11
§ 11§ 11-1-1
§ 11-1-1§ 11-1-10
§ 11-1-10§ 11-1-12
Quotas prohibited§ 11-1-13
Automated external defibrillators§ 11-1-14
Mental health specialists; police§ 11-1-2.1
§ 11-1-2.1§ 11-1-3
§ 11-1-3§ 11-1-5
§ 11-1-5§ 11-1-5.1
§ 11-1-5.1§ 11-1-6
§ 11-1-6§ 11-1-7
§ 11-1-7§ 11-1-8
§ 11-1-8