Nothing in this Act shall be construed to authorize the Board or any University to contract a debt on behalf of, or in any way to obligate, the State of Illinois, or to pledge, assign or encumber in any way, or to permit the pledging, assigning or encumbering in any way, of appropriations made by the General Assembly of the State of Illinois.
110 ILCS 615/9
Prohibitions against obligating the State of Illinois
Known as the State Colleges and Universities Revenue Bond Act
The act spans §§ 110-615-1 to 110-615-9 (15 sections).
Laws 1967, p. 1101.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.