Reserves

30 ILCS 350/7
in effect
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(30 ILCS 350/7) (from Ch. 17, par. 6907) Sec. 7. Reserves. A governing body may provide for a reserve fund solely for the payment of the principal of and interest on bonds. Bond proceeds may be used to provide such reserve fund. (Source: P.A. 85-1419.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026

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