Ill. Admin. Code tit. 74 § 1100.335

Current through Register Vol. 48, No. 50, December 13, 2024

Section 1100.335 - Source of Payment and Nature of Obligation

The principal and interest on the bond is a limited obligation payable solely out of the revenues derived from the governmental unit and the underlying collateral or other security furnished by or on behalf of the governmental unit.

Ill. Admin. Code tit. 74, § 1100.335

Recodified from 47 Ill. Adm. Code 410.108 at 31 Ill. Reg. 12104