The corporate authorities of a municipality issuing bonds pursuant to this Division 74 shall prescribe and collect revenues with respect to an industrial project and shall revise such from time to time whenever necessary so that such revenues are always sufficient to pay when due all bonds and interest thereon for the payment of which such revenues are pledged, including reserves therefor.
65 ILCS 5/11-74-11
Known as the The Industrial Project Revenue Bond Act
The act spans §§ 65-5-11-74-1 to 65-5-11-74-9 (14 sections).
P.A. 81-1376.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.