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House Bill 983, as amended by Senate Amendments 1 and 2

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May 23, 2013
Client Alert

House Bill 983, as amended by Senate Amendments 1 and 2, amends the alternate bond provisions contained in the Local Government Debt Reform Act of the State of Illinois for alternate bonds payable solely from enterprise revenues. “Enterprise revenues” means the revenues of a utility or revenue producing enterprise from which revenue bonds may be payable.

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