Industrial project may be acquired, purchased, constructed, reconstructed, improved, bettered and extended, and bonds may be issued under this Division 74 for such purposes, notwithstanding that any other law may provide for the acquisition, purchase, construction, reconstruction, improvement, betterment and extension of a like industrial project, or the issuance of bonds for like purposes, and without regard to the requirements, restrictions, limitation or other provisions contained in any other law. This amendatory Act of 1971 does not apply to any municipality which is a home rule unit.
65 ILCS 5/11-74-13
The powers conferred by this Division 74 are in addition and supplemental to, and the limitations imposed by this Division 74 shall not affect, the powers conferred by any other law
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. 77-1453.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.