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50 ILCS 450/7

The resolution may provide for the creation of a sinking fund to consist of the proceeds of the taxes levied under this Act and the rental income derived from the medical service facility

Known as the Medical Service Facility Act

The act spans §§ 50-450-1 to 50-450-9 (13 sections).

P.A. 76-660.

This fund shall be faithfully applied to the purchase or payment of bonds issued under this Act and the interest thereon.

Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.