Public Act 0907 96TH GENERAL ASSEMBLY

SB2190 Enrolled LRB096 11508 WGH 21988 b

Public Act 096-0907

AN ACT concerning local government.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Municipal Code is amended by adding Section 11-135-4.5 as follows:

(65 ILCS 5/11-135-4.5 new)

Sec. 11-135-4.5. Alternate Bonds. From time to time, a commission may, after meeting all of the conditions set forth in Section 15 of the Local Government Debt Reform Act, issue alternate bonds as authorized under Section 15 of the Local Government Debt Reform Act.

Section 99. Effective date. This Act takes effect upon becoming law.