reglab/housing_qa huggingface dataset:
105 ILCS 5/1E-80
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1E - Downstate School Finance Authority

(This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165)Sec. 1E-80.     Debt service fund.     The Authority shall establish a debt service  fund for the Bonds to be maintained by a paying agent, escrow agent,  depository, or corporate trustee, which may be any  trust company or bank having the power of a trust company within this State,  separate and segregated from all other funds and accounts of the Authority and  the district. All moneys on deposit in the debt service fund shall be held in  trust in the debt service fund for the benefit of the holders of the Bonds,  shall  be applied solely for the payment of the principal of and sinking fund  installment,  redemption premium, if any, and interest on the Bonds, and shall not be used  for any other purpose. The holders of the Bonds shall have a security interest  in and lien upon all such moneys.    (Source: P.A. 92-547, eff. 6-13-02.)
105 ILCS 5/1E-85
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1E - Downstate School Finance Authority

(This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165)Sec. 1E-85.     Debt service reserve fund.(a) The Authority may create and establish a debt service reserve  fund to be maintained by a paying agent, escrow agent, depository, or corporate  trustee, which may be any trust  company or bank having the power of a trust company within the State,  separate and segregated from all other funds and accounts of the  Authority. The Authority may pay the following into the debt service reserve  fund:(1) any proceeds from the sale of Bonds to the extent     provided in the resolution authorizing the issuance of the Bonds; and(2) any other moneys that may be available to the     Authority for the purpose of the fund.(b) The amount to be accumulated in the debt service reserve fund  shall be determined by the Authority but shall not exceed the maximum  amount of interest, principal, and sinking fund installments due in any  succeeding calendar year.(c) All moneys on deposit in the debt service reserve fund shall  be held in trust for the benefit of the holders of the Bonds, shall be  applied solely for the payment of principal of and sinking fund  installments and interest on the Bonds to the extent not paid from the  debt service fund, and shall not be used for any other purpose.(d) Any moneys in the debt service reserve fund in excess of the  amount determined by the Authority pursuant to a resolution authorizing  the issuance of Bonds may be withdrawn by the Authority and used for any  of its lawful purposes.(e) In computing the amount of the debt service reserve fund,  investments shall be valued as the Authority provides in the  resolution authorizing the issuance of the Bonds.    (Source: P.A. 92-547, eff. 6-13-02.)
105 ILCS 5/1E-90
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1E - Downstate School Finance Authority

(This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165)Sec. 1E-90.     Bond anticipation notes.(a) After the issuance of  Bonds has been authorized, the Authority shall have power to  issue from time to time, pursuant to a resolution or resolutions of the  Authority, negotiable bond anticipation notes of the Authority in anticipation  of the  issuance of Bonds.(b) Bond anticipation notes shall mature not later than 2 years  after the date of issuance, may be made redeemable prior to their  maturity, and may be sold in such manner, in such denominations, and at such  price or prices and shall bear interest at such rate or rates not to  exceed the maximum annual rate authorized by law,  as a resolution authorizing the  issuance of the bond anticipation notes may provide.(c) The bond anticipation notes may be made payable as to both  principal and interest from the proceeds of the Bonds. The Authority may  provide for payment of interest on the bond anticipation notes from  direct annual taxes upon all the taxable property located within the  district that are authorized to be levied annually for  that purpose without limit as to rate or amount sufficient to pay the  interest as it falls due, in the manner, subject to the security  interest and lien, and with the effect provided in Section 1E-75 of this Code.(d) The Authority is authorized to issue renewal notes in the event  it is unable to issue Bonds to pay outstanding bond anticipation notes,  on terms the Authority deems reasonable.(e) A debt service fund shall be established in the manner provided  in Section 1E-80 of this Code by the Authority for the bond anticipation notes,  and the proceeds of any tax levy made pursuant to this Section shall be  deposited in the fund upon receipt.    (Source: P.A. 92-547, eff. 6-13-02.)
105 ILCS 5/1E-95
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1E - Downstate School Finance Authority

(This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165)Sec. 1E-95.     Vesting powers in trustee or other authorized agent.     The  resolution  authorizing issuance of the Bonds shall vest in a trustee, paying agent, escrow  agent, or depository such rights,  powers, and duties in trust as the Authority may determine and may  contain such provisions for protecting and enforcing the rights and  remedies of the holders of the Bonds and limiting such rights and  remedies as may be reasonable and proper and not in violation of law,  including covenants setting forth the duties of the Authority in  relation to the exercise of its corporate powers and the custody,  safeguarding, and application of all moneys. The resolution shall  provide for the manner in which moneys in the various funds and accounts  of the Authority may be invested and the disposition of the  earnings on the investments.    (Source: P.A. 92-547, eff. 6-13-02.)
105 ILCS 5/1E-100
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1E - Downstate School Finance Authority

(This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165)Sec. 1E-100.     Discharge of bonds.(a) If the Authority pays or  causes to be paid to the holders of all Bonds then outstanding the  principal, redemption price, if any, and interest to become due on the Bonds,  at the times and  in the manner stipulated therein and in  the resolution authorizing the issuance of the Bonds, then the  covenants, agreements, and other obligations of the Authority to the  Bondholders shall be discharged and satisfied.(b) Bonds or interest installments for the payment or  redemption of which moneys have been set aside and held  in trust by the trustee or other authorized agent provided for in Section 1E-95  of this Code, through deposit by the Authority of funds for the  payment, redemption, or otherwise, at the maturity or redemption date, are  deemed to have been paid within the meaning and with the effect expressed in  subsection (a) of this Section. All outstanding Bonds of any series, prior to  the maturity or redemption date, are deemed to have been paid within the  meaning and with the effect expressed in subsection (a) of this Section if  (1) there has been deposited with the trustee or other authorized  agent either (A) moneys in an amount that is sufficient or  (B) direct obligations of the United States of America the principal of  and the interest on which, when due, will provide moneys that,  together with the moneys, if any, deposited with the trustee or other  authorized  agent at the same time, are sufficient to pay, when due,  the principal, sinking fund installment, or redemption price,  if applicable, of and interest due and to become due on the Bonds  on and prior to the redemption date, sinking fund installment date, or  maturity date, as the case may be, and (2) the Authority has given the trustee  or other authorized agent, in form satisfactory to it,  irrevocable instructions to give notice to the effect and in  accordance with the procedures provided in the resolution authorizing  the issuance of the Bonds. Neither direct obligations of the United  States of America, moneys deposited with the trustee or other authorized agent,  or  principal or interest payments on the securities shall be  withdrawn or used for any purpose other than, and shall be held in trust  for, the payment of the principal or redemption price, if applicable,  and interest on the Bonds.    (Source: P.A. 92-547, eff. 6-13-02.)
105 ILCS 5/1E-105
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1E - Downstate School Finance Authority

(This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165)Sec. 1E-105.     Pledge of the State.     The State of Illinois pledges to  and agrees with the holders of Bonds that the State will not limit or  alter the rights and powers vested in the Authority by this Article with  respect to the issuance of obligations so as to impair the terms of any  contract made by the Authority with these holders or in any way impair the  rights and remedies of these holders until the Bonds, together with interest on  the Bonds, interest on any unpaid installments of interest, and all costs and  expenses in connection with any action or  proceedings by or on behalf of these holders, are fully met and  discharged or provisions made for their payment. The Authority is  authorized to include this pledge and agreement of the State in any  resolution or contract with the holders of Bonds.    (Source: P.A. 92-547, eff. 6-13-02.)
105 ILCS 5/1E-110
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1E - Downstate School Finance Authority

(This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165)Sec. 1E-110.     Statutory lien.     Any pledge, assignment, lien, or  security interest for the benefit of the holders of Bonds or bond  anticipation notes, if any, created pursuant to this Article are valid and  binding from the time the Bonds are issued, without any physical delivery or  further act, and are valid and binding as against and prior to any claims of  all  other parties having claims of any kind in tort, contract, or otherwise against  the State, the Authority, the district, or any other person, irrespective of  whether the other parties have notice.    (Source: P.A. 92-547, eff. 6-13-02.)
105 ILCS 5/1E-115
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1E - Downstate School Finance Authority

(This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165)Sec. 1E-115.     State or district not liable on obligations.     Obligations shall not be  deemed to constitute (i) a debt or liability of the State, the  district, or any political subdivision of the State or district other than the  Authority or (ii) a pledge of the full faith and credit of the State, the  district, or any political  subdivision of the State or district other than the Authority but shall be  payable  solely from the funds and revenues provided for in this Article. The issuance  of obligations shall not directly,  indirectly, or contingently obligate the State, the district, or any political  subdivision of the State or district other than the Authority to levy any form  of  taxation therefor or to make any appropriation for their payment. Nothing in  this Section shall prevent or be construed to prevent the Authority from  pledging its full faith and credit to the payment of obligations.  Nothing in this Article shall be construed to  authorize the Authority to create a debt of the State or the district within  the  meaning of the Constitution or laws of Illinois, and  all obligations issued by the Authority pursuant to the provisions of  this Article are payable and shall state that they are payable solely  from the funds and revenues pledged for their payment in accordance with  the resolution authorizing their issuance or any trust indenture  executed as security therefor. The State or  the district shall not in any event be liable for the payment of  the principal of or interest on any obligations of the Authority or for  the performance of any pledge, obligation, or agreement of any  kind whatsoever that may be undertaken by the Authority. No breach of  any such pledge, obligation, or agreement may impose any  liability upon the State or the district or any charge upon their  general credit or against their taxing power.    (Source: P.A. 92-547, eff. 6-13-02.)
105 ILCS 5/1E-120
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1E - Downstate School Finance Authority

(This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165)Sec. 1E-120.     Obligations as legal investments.     The obligations issued under  the provisions of this Article are hereby made securities in which all public  officers and bodies of this State, all political subdivisions of this State,  all persons carrying on an insurance business, all banks, bankers, trust  companies, saving banks, and savings associations (including savings and loan  associations, building and loan associations, investment companies, and  other persons carrying on a banking business), and all credit unions, pension  funds, administrators, and guardians who are or may be authorized to invest in  bonds or in other obligations of the State may properly and legally invest  funds, including capital, in their control or belonging to them. The  obligations are also hereby made securities that may be deposited with and may  be received by all public officers  and bodies of the State, all political subdivisions of the State, and  public corporations for any purpose for which the deposit of bonds or  other obligations of the State is authorized.    (Source: P.A. 92-547, eff. 6-13-02.)
105 ILCS 5/1E-125
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1E - Downstate School Finance Authority

(This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165)Sec. 1E-125.     Complete authority.     This Article, without reference to any  other law, shall be deemed full and complete authority for the issuance of  Bonds and bond anticipation notes as provided in this Article.    (Source: P.A. 92-547, eff. 6-13-02.)
105 ILCS 5/1E-130
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1E - Downstate School Finance Authority

(This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165)Sec. 1E-130.     Reports.(a) The Authority, upon taking office and annually thereafter,  shall prepare and submit to the Governor, General Assembly, and State  Superintendent a report that includes the audited financial  statement for the preceding fiscal year, an approved  financial plan, and a statement of the major steps necessary to accomplish  the objectives of the financial plan.(b) Annual reports shall be submitted on or before March 1 of  each year.(c) The requirement for reporting to the General Assembly shall be  satisfied by filing copies of the report as provided in Section 3.1 of the  General Assembly Organization Act and by filing additional copies with the  State Government Report Distribution Center for the General Assembly as  required under subdivision (t) of Section 7 of the State Library Act.    (Source: P.A. 92-547, eff. 6-13-02.)
105 ILCS 5/1E-135
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1E - Downstate School Finance Authority

(This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165)Sec. 1E-135.     Audit of Authority.     The Authority shall be subject to  audit in the manner provided for the audit of State funds and accounts.  A copy of the audit report shall be submitted to the State  Superintendent, the Governor, the Speaker and Minority Leader of the  House of Representatives, and the President and Minority Leader of the  Senate.    (Source: P.A. 92-547, eff. 6-13-02.)
105 ILCS 5/1E-140
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1E - Downstate School Finance Authority

(This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165)Sec. 1E-140.         Assistance by State agencies, units of local  government, and school districts. The district shall render such services to  and permit the use of its facilities and resources by the Authority at  no charge as may be requested by the Authority. Any State agency, unit  of local government, or school district may, within its lawful  powers and duties, render such services to the Authority as may be  requested by the Authority. Upon request of the Authority, any State agency,  unit of local government, or school district is authorized  and empowered to loan to the Authority such officers and  employees as the Authority may deem necessary in carrying out its  functions and duties. Officers and employees so transferred  shall not lose or forfeit their employment status or rights.    (Source: P.A. 92-547, eff. 6-13-02.)
105 ILCS 5/1E-145
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1E - Downstate School Finance Authority

(This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165)Sec. 1E-145.     Property of Authority exempt from taxation.     The  property of the Authority is exempt from taxation.    (Source: P.A. 92-547, eff. 6-13-02.)
105 ILCS 5/1E-150
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1E - Downstate School Finance Authority

(This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165)Sec. 1E-150.     Sanctions.(a) No member, officer, employee, or agent of the district may  commit the district to any contract or other obligation or incur any  liability on behalf of the district for any purpose if the amount of the  contract, obligation, or liability is in excess of the amount authorized  for that purpose then available under the financial plan and budget then  in effect.(b) No member, officer, employee, or agent of the district may  commit the district to any contract or other obligation on behalf of the  district for the payment of money for any purpose required to be approved  by the Authority unless the contract or other obligation has been  approved by the Authority.(c) No member, officer, employee, or agent of the district may take  any action in violation of any valid order of the Authority, may  fail or refuse to take any action required by any such order, may  prepare, present, certify, or report any information, including any projections  or estimates, for the Authority or any of its agents that is  false or misleading, or, upon learning that any such information is  false or misleading, may fail promptly to advise the Authority or its  agents.(d) In addition to any penalty or liability under any other law,  any member, officer, employee, or agent of the district who violates  subsection (a), (b), or (c) of this Section is subject to  appropriate administrative discipline as may be imposed by the Authority,  including, if warranted, suspension from duty without pay, removal from  office, or termination of employment.    (Source: P.A. 92-547, eff. 6-13-02.)
105 ILCS 5/1E-155
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1E - Downstate School Finance Authority

(This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165)Sec. 1E-155.     Abolition of Authority.     The Authority shall be  abolished 10 years after its creation or one year after all its  obligations issued under the provisions of this Article have been fully paid  and discharged, whichever comes later. However, the State Board, upon  recommendation of the Authority  and if no obligations are outstanding, may abolish the Authority at any time  after the Authority has been in existence for 3 years. Upon the  abolition of the Authority, all of its  records shall be transferred to the State Board and any property of the  Authority  shall pass to and be vested in the State Board.    (Source: P.A. 92-547, eff. 6-13-02.)
105 ILCS 5/1E-165
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1E - Downstate School Finance Authority

(105 ILCS 5/1E-165)(This Section scheduled to be repealed in accordance with this Section)Sec. 1E-165. Repeal. When the Authority established pursuant to this Article is abolished pursuant to Section 1E-155, this Article shall be repealed.  (Source: P.A. 97-429, eff. 8-16-11.)
105 ILCS 5/Art. 1F heading
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1F - Downstate School Finance Authority for Elementary Districts

 ARTICLE 1F.      DOWNSTATE SCHOOL FINANCE AUTHORITY FOR ELEMENTARY DISTRICTS (This Article scheduled to be repealed in accordancewith 105 ILCS 5/1F-165)
105 ILCS 5/1F-1
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1F - Downstate School Finance Authority for Elementary Districts

               (This Section scheduled to be repealed in accordance with 105 ILCS 5/1F-165)Sec. 1F-1.     Short title.     This Article may be  cited as the Downstate School Finance Authority for Elementary Districts Law.    (Source: P.A. 92-855, eff. 12-6-02.)
105 ILCS 5/1F-5
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1F - Downstate School Finance Authority for Elementary Districts

               (This Section scheduled to be repealed in accordance with 105 ILCS 5/1F-165)Sec. 1F-5.     Findings; purpose; intent.(a) The General Assembly finds all of the following:(1) A fundamental goal of the people of this State,     as expressed in Section 1 of Article X of the Illinois Constitution, is the educational development of all persons to the limits of their capacities. When a board of education faces financial difficulties, continued operation of the public school system is threatened.(2) A sound financial structure is essential to the     continued operation of any school system. It is vital to commercial, educational, and cultural interests that public schools remain in operation. To achieve that goal, public school systems must have effective access to the private market to borrow short and long term funds.(3) To promote the financial integrity of districts,     as defined in this Article, it is necessary to provide for the creation of school finance authorities with the powers necessary to promote sound financial management and to ensure the continued operation of the public schools.(b) It is the purpose of this Article to provide a secure financial  basis for the continued operation of public schools. The  intention of the General Assembly, in creating this Article, is to  establish procedures, provide powers, and impose restrictions to ensure  the financial and educational integrity of the public schools, while  leaving principal responsibility for the educational policies of  public schools to the boards of education within the State, consistent  with the requirements for satisfying the public policy and purpose  set forth in this Article.    (Source: P.A. 92-855, eff. 12-6-02.)