Illinois Code § 22

Illinois Code § 22. Reproduced from the official Illinois Compiled Statutes, with a citation summary, verification link, and related provisions.

§ 22.

(a) The Authority shall not have outstanding at any one time bonds and notes for any of its corporate purposes in an aggregate principal amount exceeding $11,500,000,000, excluding bonds and notes issued to refund outstanding bonds and notes. (b) Of the authorized aggregate principal amount of $11,500,000,000 provided for by this Section, the amount of $150,000,000 shall be used for the purposes specified in Sections 7.23 and 7.24 of this Act. (c) Of the $1,000,000,000 authorized by this amendatory Act of 1985, an amount not less than $100,000,000 shall be reserved for financing developments which involve the rehabilitation of dwelling accommodations, subject to the occupancy reservation of low or moderate income persons or families as provided in this Act. (Source: P.A. 102-175, eff. 7-29-21; 103-591, eff. 7-1-24.)

Source: official Illinois text · Last verified 2026-08-27

At a glance

  • Citation: Illinois Compiled Statutes § 22
  • Jurisdiction: Illinois
  • Code: Illinois Compiled Statutes
  • Text: transcribed from the official source (verify below)

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Statute text is transcribed from the official Illinois Compiled Statutes. Confirm it against the primary source before relying on it:

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Common questions

What is the source of Illinois Compiled Statutes § 22?

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What subject does Illinois Compiled Statutes § 22 address?

It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.

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