Illinois § 8-2-3 Existing indebtedness

Illinois Statutes

§ 8-2-3 — Existing indebtedness

Illinois § 8-2-3

JurisdictionIllinois

TopicRIGHTS AND REMEDIES

Ch. 730CORRECTIONS

Act 730 ILCS 5/Unified Code of Corrections.

Art.Article 2 - Savings Provisions

This text of Illinois § 8-2-3 (Existing indebtedness) 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

730 Ill. Comp. Stat. 8-2-3 (2026).

Text

Any bond or other evidence of indebtedness issued under the provisions of any Act repealed by this Code which is outstanding and unpaid on the effective date of this Code shall be amortized and retired by taxation or revenue in the manner provided by the Act under which such indebtedness was incurred, notwithstanding the repeal of such Act. However, the provisions of this Section shall not be construed to prevent the refunding of any such indebtedness under the provisions of this Code or as may be otherwise provided by law.

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Any bond or other evidence of indebtedness issued under the provisions of any Act repealed by this Code which is outstanding and unpaid on the effective date of this Code shall be amortized and retired by taxation or revenue in the manner provided by the Act under which such indebtedness was incurred, notwithstanding the repeal of such Act. However, the provisions of this Section shall not be construed to prevent the refunding of any such indebtedness under the provisions of this Code or as may be otherwise provided by law.