(605 ILCS 5/5-701.16) (from Ch. 121, par. 5-701.16)
Sec. 5-701.16.
Any county board, in a county of less than 1,000,000
inhabitants may also use any motor fuel tax money allotted to it or
any part thereof for the payment of the principal of and interest on bonds
issued for the purpose of constructing, maintaining or improving county
highways, roads or bridges. Such construction, maintenance or improvement
shall be in accordance with the procedure in Section 5-403 of this Code.
Such county boards are authorized to use motor fuel tax money to pay
principal or interest on such bonds without any prior appropriation and
without regard to any budget law. The State of Illinois pledges and agrees
with the holders of any bonds of a county issued for such purposes that the
State will not limit the use of such money by such county, so long as any
such bonds are outstanding and unpaid. Payment of such motor fuel tax
money to such county shall be subject to appropriation by the General
Assembly. The State shall not be liable on or guarantee bonds of a county
issued for such purposes, and such bonds shall not be State debt. The face
of all such bonds shall contain a statement with respect to the provisions
of this Section.
(Source: P.A. 85-962.)
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