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Division

Revenue Bonds to Construct Heating Plants

  • 65 ILCS 5/11-118-1— Any municipality is authorized to pay for the construction of a heating plant and system by the issuance and sale of revenue bonds payable solely from the revenue derived from the operation thereof
  • 65 ILCS 5/11-118-2
  • 65 ILCS 5/11-118-3— Whenever revenue bonds have been issued under this Division 118, the entire revenue received thereafter from the operation of the heating plant and system shall be deposited in a separate fund, designated the heating fund of the municipality of
  • 65 ILCS 5/11-118-4
  • 65 ILCS 5/11-118-5
  • 65 ILCS 5/11-118-6— If a majority of the votes cast upon this proposition are in favor of the proposition, this Division 118 is adopted by that municipality