(30 ILCS 390/2) (from Ch. 122, par. 1202)
Sec. 2.
The General Assembly has examined the long-term capital facility
and land needs of the local school districts within the State of Illinois. The General
Assembly also recognizes the State of Illinois' primary responsibility for
financing the system of public education. The objective of this Act is
to provide for capital facilities planning assistance and to provide such
capital facilities consisting of buildings, structures, durable equipment
and land as will permit the State's elementary, vocational and secondary
schools to provide the People of Illinois with essential educational services
and the issuance and sale of the Bonds in an economical and efficient method
of financing such planning assistance, acquisitions, construction, development,
reconstruction, rehabilitation, improvement, architectural planning and
installation. This Act will also provide funds for making grants to school
districts for debt service on bonds issued for such capital purposes after
January 1, 1969. As used in this Act, "School District" means any school
district or special charter district as defined in Section 1-3 of "The School
Code" approved March 18, 1961, as amended.
(Source: P.A. 79-1480.)
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