Illinois General Assembly - Illinois Compiled Statutes

Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

65 ILCS 5/11-141-5

(65 ILCS 5/11-141-5) (from Ch. 24, par. 11-141-5)

Sec. 11-141-5.

All bonds issued under this Division 141 are payable solely
from the revenue derived from the operation of the sewerage system;
provided, that bonds issued under this Division 141 may also be
payable from funds pledged by the municipality issuing such bonds pursuant
to the Illinois Finance Authority
Act.
Notwithstanding any such pledge or any other matter, these
bonds shall not, in any event, constitute an indebtedness of the
municipality within the meaning of any constitutional or statutory
limitation. It shall be plainly stated on the face of each bond that the
bond has been issued under this Division 141 and that it does not
constitute an indebtedness of the municipality within any constitutional or
statutory limitation.

(Source: P.A. 93-205, eff. 1-1-04.)