Illinois Compiled Statutes 70 ILCS 1820/2.17 – “General obligation bond” means any bond issued by the District any …
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Terms Used In Illinois Compiled Statutes 70 ILCS 1820/2.17
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
“General obligation bond” means any bond issued by the District any part of the principal or interest of which bond is to be paid by taxation.