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Act

Local Government Defeasance of Debt Law

  • 50 ILCS 415/0.01— Short title
  • 50 ILCS 415/1
  • 50 ILCS 415/2— Whenever it is advantageous and in the public interest to do so, a unit of local government is empowered to effect the net defeasance or the gross defeasance of any outstanding debt lawfully incurred by such unit of local government
  • 50 ILCS 415/3