70 ILCS 200/205-80

(70 ILCS 200/205-80) Sec. 205-80. Dissolution of Authority. If there have not been any bonds issued and the Authority has no other indebtedness, the Authority may be dissolved upon the filing in the office of the recorder a resolution adopted by both the Board of Commissioners of the Authority and the City Council of the City of Peoria approving such dissolution. (Source: P.A. 90-328, eff. 1-1-98.)