SB1327 Engrossed LRB095 10742 RCE 30984 b

1     AN ACT concerning finance.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The Illinois Finance Authority Act is amended by
5 changing Section 845-5 as follows:
 
6     (20 ILCS 3501/845-5)
7     Sec. 845-5. The Authority may not have outstanding at any
8 one time bonds for any of its corporate purposes in an
9 aggregate principal amount exceeding $28,017,711,000
10 $25,200,000,000, excluding bonds issued to refund the bonds of
11 the Authority or bonds of the Predecessor Authorities.
12 (Source: P.A. 93-205, eff. 1-1-04; 93-1101, eff. 3-31-05;
13 94-1068, eff. 8-1-06.)
 
14     Section 99. Effective date. This Act takes effect upon
15 becoming law.