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Current as of January 01, 2025 | Updated by Findlaw Staff
§ 11. The proposition pursuant to Section 10 shall be in the following form:
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Shall the․․․․․․․․․․․․ (governmental |
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unit) issue bonds to the amount of․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
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dollars for the purpose of enabling the |
YES |
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governmental unit to․․․․․․ (purpose to |
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be stated, which shall be either to |
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provide buildings for or to make per- |
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manent improvements in the community |
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mental health facilities including faci- |
NO |
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lities for the person with a developmen- |
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tal disability or a substance use dis- |
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order )?
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In case a majority of the votes cast upon the propositions shall be in favor of the issuance of such bonds, the governing body of the governmental unit shall issue the bonds of the governmental unit not exceeding the amount authorized at the referendum. Such bonds shall become due not more than 40 years after their date, shall be in denominations of $100 or any multiple thereof, and shall bear interest, evidenced by coupons, payable semi-annually, as shall be determined by the governing body.
Cite this article: FindLaw.com - Illinois Statutes Chapter 405. Mental Health and Developmental Disabilities § 20/11. Form of proposition - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-405-mental-health-and-developmental-disabilities/il-st-sect-405-20-11/
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