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105 ILCS 5/1H-70

    (105 ILCS 5/1H-70)
    Sec. 1H-70. Tax anticipation warrants, tax anticipation notes, revenue anticipation certificates or notes, general State aid anticipation certificates, and lines of credit. With the approval of the State Superintendent and provided that the district is unable to secure short-term financing after 3 attempts, a Panel shall have the same power as a district to do the following:
        (1) issue tax anticipation warrants under the
    
provisions of Section 17-16 of this Code against taxes levied by either the school board or the Panel pursuant to Section 1H-25 of this Code;
        (2) issue tax anticipation notes under the provisions
    
of the Tax Anticipation Note Act against taxes levied by either the school board or the Panel pursuant to Section 1H-25 of this Code;
        (3) issue revenue anticipation certificates or notes
    
under the provisions of the Revenue Anticipation Act;
        (4) issue general State aid anticipation certificates
    
under the provisions of Section 18-18 of this Code; and
        (5) establish and utilize lines of credit under the
    
provisions of Section 17-17 of this Code.
    Tax anticipation warrants, tax anticipation notes, revenue anticipation certificates or notes, general State aid anticipation certificates, and lines of credit are considered borrowing from sources other than the State and are subject to Section 1H-65 of this Code.
(Source: P.A. 97-429, eff. 8-16-11.)