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.

110 ILCS 805/3-33.3

(110 ILCS 805/3-33.3) (from Ch. 122, par. 103-33.3)

Sec. 3-33.3.

Before issuing any bonds under Section 3-33.2, the board shall adopt a
resolution designating the purpose and fixing the amount of the bonds
proposed to be issued, the maturity thereof, the rate of interest thereon
and the amount of taxes to be levied annually for the purpose of paying the
principal and interest.

The bonds shall be issued in the corporate name of the community college
district. They shall be signed by the chairman and secretary of the board.
The bonds shall be sold by the board at not less than par upon such terms
as may be approved by the board after advertisement for bids and the
proceeds thereof shall be received by the treasurer for the uses herein
provided.

(Source: P.A. 78-669.)