(30 ILCS 425/2) (from Ch. 127, par. 2802)
Sec. 2. Authorization for Bonds. The State of Illinois is
authorized to issue, sell and provide for the retirement of limited
obligation bonds, notes and other evidences of indebtedness of the State of
Illinois in the total principal amount of $10,019,681,100
herein called "Bonds". Such amount of authorized Bonds
shall be exclusive of any refunding Bonds issued pursuant to Section 15 of
this Act and exclusive of any Bonds issued pursuant to this Section which
are redeemed, purchased, advance refunded, or defeased in accordance with
paragraph (f) of Section 4 of this Act. Bonds shall be issued for the
categories and specific purposes expressed in Section 4 of this Act.
(Source: P.A. 102-1071, eff. 6-10-22; 103-7, eff. 7-1-23.)
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