(30 ILCS 440/11)
Sec. 11. Omnibus Bonds Acts. With respect to instruments for the
payment of
money issued under this Act, it is and always has been the intention of the
General Assembly (i)
that the Omnibus Bond Acts are and always have been supplementary grants of
power to issue
instruments in accordance with the Omnibus Bond Acts, regardless of any
provision of this Act
that may appear to be or to have been more restrictive than those Omnibus Bond
Acts, (ii) that
the provisions of this Act are not a limitation on the supplementary authority
granted by the
Omnibus Bond Acts, and (iii) that instruments issued under this Act within the
supplementary
authority granted by the Omnibus Bond Acts are not invalid because of any
provision of this Act
that may appear to be or to have been more restrictive than those Omnibus Bond
Acts.
(Source: P.A. 93-634, eff. 1-1-04.) |