State of Illinois
91st General Assembly
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Public Act 91-0611

HB1968 Enrolled                                LRB9104759MWks

    AN ACT to amend the  Illinois  Farm  Development  Act  by
changing Section 11.

    Be  it  enacted  by  the People of the State of Illinois,
represented in the General Assembly:

    Section 5.  The Illinois Farm Development Act is  amended
by changing Section 11 as follows:

    (20 ILCS 3605/11) (from Ch. 5, par. 1211)
    Sec.  11.  Bonded indebtedness limitation.  The Authority
shall not have outstanding at any one time  bonds  and  notes
for  any  of its corporate purposes in an aggregate principal
amount exceeding $300,000,000, $50,000,000 of which shall  be
used  for  research and development purposes, excluding bonds
and notes issued to refund outstanding bonds  and  notes  and
excluding  the  State  Guarantees  under Sections 12.1, 12.2,
12.4, and 12.5.  The Authority shall not  have outstanding at
any one time  State  Guarantees  under  Section  12.1  in  an
aggregate   principal   amount  exceeding  $160,000,000.  The
Authority shall not have outstanding at any  one  time  State
Guarantees   under  Sections  12.2,  12.4,  and  12.5  in  an
aggregate principal amount exceeding $75,000,000 $50,000,000.
(Source: P.A. 89-527, eff. 7-19-96; 90-325, eff. 8-8-97.)

    Section 99.  Effective date.  This Act takes effect  upon
becoming law.

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