(105 ILCS 560/10)
Sec. 10.
Bonding validation.
All bonds issued before the effective date
of this amendatory Act of the 92nd General Assembly by any school district for
the purpose of funding the costs of equitable remedies ordered by a federal
court in litigation involving school desegregation and all refunding bonds
issued before the effective date of this amendatory Act of the 92nd General
Assembly to refund those bonds are hereby validated, ratified, and confirmed as
lawful, valid, and binding general obligations of that school district,
notwithstanding that the bonds and refunding bonds were not approved by
referendum or otherwise authorized and issued in accordance with law.
(Source: P.A. 92-381, eff. 8-16-01.)
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