(110 ILCS 525/10)
(from Ch. 144, par. 680)
Obligations of board.
All bonds issued pursuant to this Act shall be obligations of the Board
payable only in accordance with the terms thereof and shall not be
obligations general, special or otherwise, of the State of Illinois. Such
bonds shall not constitute a debt, legal or moral, of the State of
Illinois, and shall not be enforceable against the State, nor shall payment
thereof be enforceable out of any funds of the Board, or of the University,
other than the income and revenues pledged and assigned to, or in trust for
the benefit of, the holder or holders of such bonds.
(Source: Laws 1965, p. 2913.)