Indebtedness of Downstate School Finance Authority

50 ILCS 405/1.23
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(50 ILCS 405/1.23) Sec. 1.23. Indebtedness of Downstate School Finance Authority. The limitation prescribed in Section 1 of this Act does not apply to any indebtedness of a School Finance Authority created pursuant to Article 1E of the School Code. (Source: P.A. 92-547, eff. 6-13-02.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026

Starting a business in Illinois? Illinois LLC guide: costs and requirements