55 ILCS 5/ Counties Code.

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55 ILCS 5/Div. 6-33

(55 ILCS 5/Div. 6-33 heading) Division 6-33.

Bonds for

Forest Preserve District Facilities

55 ILCS 5/6-33005

(55 ILCS 5/6-33005)

Sec. 6-33005.

County over 3,000,000.

(a) Any county with a population over 3,000,000 may borrow money and in
evidence of that borrowing issue bonds or notes for the purpose of paying costs
of constructing, acquiring, equipping, repairing, and renovating any buildings
or other improvements to land of a forest preserve district located within the
county or providing equipment for the district, as the county and the district
may agree, or for the purpose of lending money to the district to pay those
costs.  The bonds or notes shall mature within 30 years of their issuance.

(b) The county may enter into leases, installment sale contracts, or loan
agreements with the forest preserve district pertaining to those buildings,
improvements, or equipment.  The terms of any lease, installment sale contract,
or loan agreements may provide for payments to the county sufficient to provide
amounts to pay when due all principal and interest on the bonds or notes issued
by the county for that purpose. The bonds or notes of the county may be made
payable from amounts received from the forest preserve district or may be
general obligations of the county, or both, as the board  of commissioners of
the county shall determine in its ordinance authorizing the bonds or notes.

(Source: P.A. 88-503; 88-670, eff. 12-2-94.)