(65 ILCS 5/11-103-14) (from Ch. 24, par. 11-103-14)
Sec. 11-103-14.
Whenever revenue bonds are issued under Section 11-103-12,
all revenue derived from the operation of the specified airport, landing
field, and facilities or appurtenances thereof, shall be set aside as
collected and shall be deposited in a separate fund designated as the
airport fund of the municipality. This fund shall be used only in paying
the cost of operation and maintenance of the airport or landing field, in
providing an adequate depreciation fund, and in paying the principal of and
interest upon the revenue bonds issued under Section 11-103-12.
(Source: Laws 1961, p. 576.)
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