The limitations prescribed in Section 1 of this Act do not apply to any indebtedness of any township for acquisition of open lands and their use for open space purposes under Article 115 of the Township Code.
50 ILCS 405/1.22
The limitations prescribed in Section 1 of this Act do not apply to any indebtedness of any township for acquisition of open lands and their use for open space purposes under Article 115 of the Township Code
Known as the Local Government Debt Limitation Act
The act spans §§ 50-405-0-01 to 50-405-1-5d (21 sections).
P.A. 91-357, eff. 7-29-99.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.