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Public Act 92-0389
SB99 Enrolled LRB9203802TAtm
AN ACT concerning special districts.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Kaskaskia Regional Port District Act is
amended by adding Section 20.2 as follows:
(70 ILCS 1830/20.2 new)
Sec. 20.2. Authorization to borrow moneys.
The District's Board may borrow money from any bank or
other financial institution, and may provide appropriate
security for that borrowing, if the money is repaid within
one year after the money is borrowed. "Financial
institution" means any bank subject to the Illinois Banking
Act, any savings and loan association subject to the Illinois
Savings and Loan Act of 1985, any savings bank subject to the
Savings Bank Act, and any federally chartered commercial bank
or savings and loan association organized and operated in
this State pursuant to the laws of the United States.
Passed in the General Assembly May 22, 2001.
Approved August 16, 2001.
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