(30 ILCS 375/5) (from Ch. 85, par. 845)
Sec. 5.
At the request of the governing body of any local government, the
Department is authorized to direct the State Treasurer to market such local
government's security offerings by preparing bond issues for sale,
advertising for sealed bids, receiving bids at its offices, and making the
award to the bidder that offers the most favorable terms. The State
Treasurer may, at his discretion, offer for concurrent sale the bonds of
several local governments. State sale of a local security offering under
this Section shall in no way imply State guarantee of such debt issue.
(Source: P.A. 77-1504.)
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