(30 ILCS 352/10)
Sec. 10.
Hearing requirements.
Notwithstanding and in addition to any
other law, before adopting an ordinance
selling non-referendum general obligation bonds or
limited bonds, the
governing body of the governmental unit
proposing to sell the bonds shall
hold
at least one
public hearing concerning the governing body's intent to sell the bonds.
The governing body or the presiding officer of the governing body shall
set the date, time, and location of the hearing. The hearing may be part of a regularly scheduled meeting of the governing
body.
(Source: P.A. 91-595, eff. 8-14-99.)
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