(605 ILCS 5/5-101.11) (from Ch. 121, par. 5-101.11)
Sec. 5-101.11.
Whenever it considers such purchase or lease
advisable, to purchase or lease highway construction and
maintenance equipment under contracts providing for payment
in installments over a period of time of not more than
10 years with interest on the unpaid balance owing not to
exceed the amount permitted pursuant to "An Act to authorize
public corporations to issue bonds, other evidences of
indebtedness and tax anticipation warrants subject to interest
rate limitations set forth therein", approved May 26, 1970, as amended.
(Source: P.A. 85-293.)
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