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1999 Illinois Attorney General Reports and Opinions 1 (1999)

handle is hein.sag/sagil0021 and id is 1 raw text is: OFFICE OF THE ATrORNEY GENERAL
Jim Ryan               March 1, 1999
FILE NO. 99-001
Authority to Borrow Money
The Honorable Gary W. Pack
State's Attorney, McHenry County
2200 North Seminary Avenue
Woodstock, Illinois 60098
Dear Mr. Pack:
I have your letter where'  u in i e whether) non-
home-rule county has the authority t   r   money from a finan-
cial institution and e c ea      i- a installment note to
secure the repa ment o the loan.  or t   reasons hereinafter
stated, i i my    inio    at     ome-rule counties do not have
the auth r ty to bor   money on multi-year installment notes, in
the absen e f spe f c statutory authorization so providing.
It i   xiomatic that a non-home-rule county has only
those powers that are expressly granted to it by statlute or by
the constitution (Ill. Const. 1970, art. VII, sec. 7), together
with those powers that may be implied therefrom as being neces-
5100ll SniSt Secon( Sice  Spriiigfidd. Illinois  271i (217) 782-10I90H * TFY: (217) 785-2771  FAX: (217) 782-706
II) Wt-t Randolph Smeet. Chicago . Illii6%  60i0I (312) 8 1430(l)  * TY: (312) 814-3371  FAX: (312) H1.380i6
l4(1 i l o  1.in. Caln4sonal.1le. Illionik  62110  Ifi  fIl ) r129.4110l  .  r- (is   9 -f Hi F\N: (6418) 52111  6

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