The income from the revenues shall be pledged to this purpose, including the maintenance of adequate reserves.
50 ILCS 445/10
The governing body of an authority that issues bonds pursuant to this Act shall establish and collect revenues for industrial projects and shall revise the revenues when necessary to insure that the income from the revenues is always sufficient to pay the principal and interest on all bonds when due
Known as the Industrial Building Revenue Bond Act
The act spans §§ 50-445-1 to 50-445-9 (11 sections).
P.A. 82-686.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.