# 50 ILCS 475/5-45: 50 ILCS 475/5-45

> Illinois · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A475_S5-45

## Section

- **Citation:** 50 ILCS 475/5-45
- **Heading:** 50 ILCS 475/5-45
- **Jurisdiction:** Illinois
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Illinois Code / Chapter 50 / Act 475 / Section 5-45

## Text

STAR bonds; source of payment.

(a) Any political subdivision shall have the power to issue STAR bonds in one or more series to finance the undertaking of any STAR bond project in accordance with the provisions of this Act and the Omnibus Bond Acts. Any STAR bond project approved under this Act may be completed in one or more phases, and STAR bonds may be issued, in one or more series, to finance any STAR bond project or phase thereof. STAR bonds may be issued as revenue bonds, alternate bonds, or general obligation bonds as defined in and subject to the procedures provided in the Local Government Debt Reform Act.

STAR bonds may be made payable, both as to principal and interest, from the following revenues, which, to the extent pledged by each respective political subdivision or other public entity for that purpose, shall constitute pledged STAR revenues:

(1) revenues of the political subdivision derived

## Nearby sections

- [50 ILCS 475/5-1 50 ILCS 475/5-1](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A475_S5-1.md)
- [50 ILCS 475/5-5 50 ILCS 475/5-5](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A475_S5-5.md)
- [50 ILCS 475/5-10 50 ILCS 475/5-10](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A475_S5-10.md)
- [50 ILCS 475/5-15 50 ILCS 475/5-15](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A475_S5-15.md)
- [50 ILCS 475/5-20 50 ILCS 475/5-20](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A475_S5-20.md)
- [50 ILCS 475/5-25 50 ILCS 475/5-25](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A475_S5-25.md)
- [50 ILCS 475/5-30 50 ILCS 475/5-30](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A475_S5-30.md)
- [50 ILCS 475/5-35 50 ILCS 475/5-35](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A475_S5-35.md)
- [50 ILCS 475/5-40 50 ILCS 475/5-40](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A475_S5-40.md)
- [50 ILCS 475/5-45 50 ILCS 475/5-45](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A475_S5-45.md)
- [50 ILCS 475/5-50 50 ILCS 475/5-50](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A475_S5-50.md)
- [50 ILCS 475/5-55 50 ILCS 475/5-55](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A475_S5-55.md)
- [50 ILCS 475/5-60 50 ILCS 475/5-60](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A475_S5-60.md)
- [50 ILCS 475/5-65 50 ILCS 475/5-65](https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A475_S5-65.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IL_C50_A475_S5-45. Check the current official text before relying on it. Not legal advice.