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Illinois Statutes Chapter 70. Special Districts § 1275/3. Referendum where bonds exceed $5000

Current as of January 01, 2025 | Updated by Findlaw Staff

§ 3. If the entire amount of the bonds to be issued exceeds the sum of $5,000 or exceeds .066 per cent of the value of all taxable property in the district as equalized or assessed by the Department of Revenue, then the question of issuing such bonds shall be submitted to a referendum of the legal voters of the park district in the manner provided in this Act.

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Cite this article: FindLaw.com - Illinois Statutes Chapter 70. Special Districts § 1275/3. Referendum where bonds exceed $5000 - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-70-special-districts/il-st-sect-70-1275-3/

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