(25 ILCS 65/2) (from Ch. 63, par. 42.72)
Sec. 2.
"Long-term debt authorization" means (1) dollar amount of bonds
or other evidences of indebtedness which are secured by the full faith and
credit of the State or are required to be repaid, directly or indirectly,
from tax revenue and which can be sold in support of designated purposes
by the State, any department, authority, public corporation or quasi-public
corporation of the State, any State college or university, or any other
public agency created by the State, not including units of local government
or school districts; or
(2) the dollar amount of bond and other evidences of indebtedness which
are not secured by the full faith and credit or tax revenue of the State
nor required to be repaid, directly or indirectly, from tax revenue and
which can be sold in support of designated purposes by the State, any department,
authority, public corporation and quasi-public corporation of the State,
the State colleges and universities, and any other public agency created
by the State, not including units of local government or school districts.
(Source: P.A. 81-615.)
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