Illinois Bond Replacement Act

Sections covered

• 30 ILCS 315/1This Act shall be known and may be cited as the Illinois Bond Replacement Act
• 30 ILCS 315/2As used in this Act, unless the context otherwise requires: the terms described in Sections 2.01 through 2.05 have the meanings ascribed to them in those Sections
• 30 ILCS 315/2.01"Bond" includes general obligation bonds, revenue bonds and refunding bonds heretofore or hereafter issued by the State of Illinois, or by any local governmental entity as well as any coupons issued in connection therewith
• 30 ILCS 315/2.02"Local governmental entity" includes local public entities, as defined in Section 1-206 of the "Local Governmental and Governmental Employees Tort Immunity Act", and all other governmental bodies authorized by any Illinois law to issue bonds
• 30 ILCS 315/2.03"Issuing authority" means the corporate authorities or governing body empowered or directed by Illinois law to issue bonds on behalf of the State of Illinois or a local governmental entity
• 30 ILCS 315/2.04"Officer" means the person or persons designated by Illinois law to execute bonds
• 30 ILCS 315/2.05"Replacement bond" means a bond and any coupons in connection therewith issued under this Act
• 30 ILCS 315/3Finance › 30 ILCS 315 — Illinois Bond Replacement Act
• 30 ILCS 315/4Finance › 30 ILCS 315 — Illinois Bond Replacement Act