Illinois Compiled Statutes

30 ILCS 340/0.01 (2026)

Short title

✓ current as of May 2026
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(30 ILCS 340/0.01) (from Ch. 120, par. 405H)
    Sec. 0.01. Short title. This Act may be cited as the Short Term Borrowing Act.
(Source: P.A. 88-669, eff. 11-29-94; 93-1046, eff. 10-15-04.)

    
Notes of Decisions
Cited in 2 cases, 2005–2005 · leading case: People v. Olender, 854 N.E.2d 593 (Ill. 2005).
People v. Olender, 854 N.E.2d 593 (Ill. 2005). “Section 90—1 amended the Casual Deficit Act (30 ILCS 340/0.01 et seq. (West 1992)) by renaming the act the “Short Term Borrowing Act” and authorized the Governor, Comptroller and Treasurer to borrow an amount not exceeding 5% of fiscal year appropriations for cash flow purposes…”
People v. Olender (Ill. 2005). “Section 90–1 amended the Casual Deficit Act (30 ILCS 340/0.01 et seq. (West 1992)) by renaming the act the “Short Term Borrowing Act” and authorized the Governor, Comptroller and Treasurer to borrow an amount not exceeding 5% of fiscal year appropriations for cash flow purposes…”
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