Anticipatory obligations issued against such expected revenues for any purpose shall not be in excess of 85% of such revenues.
50 ILCS 425/7
Anticipatory obligations issued against such expected revenues for any purpose shall not be in excess of 85% of such revenues
Known as the Revenue Anticipation Act
The act spans §§ 50-425-0-01 to 50-425-9 (13 sections).
P.A. 83-1521.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.