Nothing in this Article shall be construed to authorize the Board or the 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 686/31-40
Prohibitions Against Obligating the State of Illinois
Known as the Northern Illinois University Revenue Bond Law
The act spans §§ 110-686-31-1 to 110-686-31-60 (14 sections).
P.A. 89-4, eff. 1-1-96.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.