Illinois Statutes
§ 8-4-17
Illinois § 8-4-17
JurisdictionIllinois
TopicGOVERNMENT
Ch. 65MUNICIPALITIES
Act 65 ILCS 5/Illinois Municipal Code.
Art.Article 8 - Finance
This text of Illinois § 8-4-17 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
65 Ill. Comp. Stat. 8-4-17 (2026).
Text
Whenever refunding revenue bonds are issued under this Division 4, sufficient revenues received from the operation of the municipally-owned utility or facility shall be set aside as collected and be deposited in a separate fund, which shall be used only in paying the cost of operation and maintenance of the utility or facility, providing an adequate depreciation fund, and paying the principal of and interest upon the revenue bonds issued that are payable by their terms only from such revenues.
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Legislative History
(Source: Laws 1961, p. 576.)
Nearby Sections
15
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Bluebook (online)
Illinois § 8-4-17, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/65/8-4-17.