CHICAGO — Allowing a lower court ruling invalidating Illinois’ $31 billion capital budget to take effect would “wreak havoc” on state operations and finances, the attorney general’s office warned Friday in its request that the state Supreme Court stay the decision.

The Illinois Appellate Court struck down the 2009 law Wednesday that established the funding streams to repay borrowing for the public works program. That action, in turn, voided other pieces of legislation related to the capital program including one that appropriated the actual funding for projects.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.