At or prior to the time the principal of and interest on bonds issued by the State authority to finance a particular environmental facility have been fully paid, the authority may execute such deeds and conveyances as are necessary and required to convey its right, title and interest in such environmental facilities to any person, if the State authority has determined that adequate provision has been made for the payment of principal, interest and premium, if any, or any outstanding bonds as they become due.
20 ILCS 3515/14
Conveyance of title
Known as the Illinois Environmental Facilities Financing Act
The act spans §§ 20-3515-1 to 20-3515-9 (18 sections).
P.A. 81-1063.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.