(755 ILCS 5/21-2.05) (from Ch. 110 1/2, par. 21-2.05)
Sec. 21-2.05.
Municipal bonds.
Instruments providing for the payment of money executed by or on behalf of any
state of the United States or the District of Columbia or any governmental
entity organized by or under the laws of any state of the United States or the
District of Columbia, to carry out a public governmental or proprietary
function, acting through its corporate authorities, or that any governmental
entity has assumed or agreed to pay and that, at the time of investment, have
been given one of the top 4 rating grades by a nationally recognized rating
service.
(Source: P.A. 90-796, eff. 12-15-98.)
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