# 50 ILCS 470/35: Section 35

> Illinois · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S35

## Section

- **Citation:** 50 ILCS 470/35
- **Heading:** Section 35
- **Jurisdiction:** Illinois
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Illinois Code / Chapter 50 / Act 470 / Section 35

## Text

(50 ILCS 470/35) Sec. 35. Alternate bonds and general obligation bonds. A political subdivision shall have the power to issue alternate revenue and other general obligation bonds to finance the undertaking, establishment, or redevelopment of any STAR bond project as provided and pursuant to the procedures set forth in the Local Government Debt Reform Act. A political subdivision shall have the power to issue general obligation bonds to finance the undertaking, establishment, or redevelopment of any STAR bond project on approval by the voters of the political subdivision of a proposition authorizing the issue of such bonds. The full faith and credit of 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 shall not be pledged for any payment under any obligation authorized by this Act. (Source: P.A. 96-939, eff. 6-24-10.)

## Nearby sections

- [50 ILCS 470/1 Section 1](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S1.md)
- [50 ILCS 470/5 Section 5](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S5.md)
- [50 ILCS 470/10 Section 10](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S10.md)
- [50 ILCS 470/15 Section 15](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S15.md)
- [50 ILCS 470/20 Section 20](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S20.md)
- [50 ILCS 470/25 Section 25](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S25.md)
- [50 ILCS 470/30 Section 30](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S30.md)
- [50 ILCS 470/31 Section 31](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S31.md)
- [50 ILCS 470/33 Section 33](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S33.md)
- [50 ILCS 470/35 Section 35](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S35.md)
- [50 ILCS 470/40 Section 40](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S40.md)
- [50 ILCS 470/45 Section 45](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S45.md)
- [50 ILCS 470/50 Section 50](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S50.md)
- [50 ILCS 470/52 Section 52](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S52.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A470_S35. Check the current official text before relying on it. Not legal advice.