Illinois General Assembly - Illinois Compiled Statutes

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70 ILCS 508/55

(70 ILCS 508/55)
Sec. 55. Abolition of Authority.

The Authority shall be abolished upon
the last to occur of the following: (1) expiration of the 30-year period that
begins on the effective date of this Act; or (2) one year
after all revenue bonds, notes, and other evidences of indebtedness of the
Authority
have been fully paid and discharged or otherwise provided for.  Upon the
abolition of the Authority, all of its rights and property shall pass to and be
vested in the State.

(Source: P.A. 102-699, eff. 4-19-22.)