Illinois § 30-10 Definitions

Illinois Statutes

§ 30-10 — Definitions

Illinois § 30-10

TopicGOVERNMENT

Ch. 15EXECUTIVE OFFICERS

Act 15 ILCS 516/Community Development Loan Guarantee Act.

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Bluebook

15 Ill. Comp. Stat. 30-10 (2026).

Text

As used in this Act: "Financial institution" means a bank, a savings and loan association, a savings bank, a credit union, a minority depository institution as designated by the Federal Deposit Insurance Corporation, or a community development financial institution certified by the United States Treasury Community Development Financial Institutions Fund, which is operating in the State of Illinois. "Loan Guarantee Account" means an account at a financial institution outside the State Treasury of which the State Treasurer is custodian with the purpose of guaranteeing loans made by a participating financial institution in accordance with this Act.

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As used in this Act: "Financial institution" means a bank, a savings and loan association, a savings bank, a credit union, a minority depository institution as designated by the Federal Deposit Insurance Corporation, or a community development financial institution certified by the United States Treasury Community Development Financial Institutions Fund, which is operating in the State of Illinois. "Loan Guarantee Account" means an account at a financial institution outside the State Treasury of which the State Treasurer is custodian with the purpose of guaranteeing loans made by a participating financial institution in accordance with this Act.