Illinois Statutes
§ 30-15 — Establishment of the Loan Guarantee Program
Illinois·Topic GOVERNMENT·Ch. 15 EXECUTIVE OFFICERS·Act 15 ILCS 516/ Community Development Loan Guarantee Act.
The State Treasurer may establish the Loan Guarantee Program by establishing one or more Loan Guarantee Accounts at approved financial institutions. The Loan Guarantee Accounts may be used to cover the losses on guaranteed loans at a participating financial institution.
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Legislative History
(Source: P.A. 101-657, eff. 3-23-21; 102-1027, eff. 5-27-22.)
Nearby Sections
11
§ 30-1
Short title§ 30-10
Definitions§ 30-20
Eligible institutions§ 30-25
Fees§ 30-35
Limitations on funding§ 30-40
Rules§ 30-5
Policy