Bonds issued by the Authority under this Act shall be limited obligations of the Authority payable solely from such revenues, securities, funds, and other assets as the resolution of the Authority authorizing issuance of the bonds shall provide. Bonds issued by the Authority under this Act shall not constitute a general obligation or debt of the Authority, the State or any political subdivision of the State.
20 ILCS 3510/5
Bonds as limited obligations
Known as the Asbestos Abatement Finance Act
The act spans §§ 20-3510-0-01 to 20-3510-9 (11 sections).
P.A. 86-976.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.