Illinois Statutes
§ 30-35 — Limitations on funding
Illinois·Topic GOVERNMENT·Ch. 15 EXECUTIVE OFFICERS·Act 15 ILCS 516/ Community Development Loan Guarantee Act.
The State Treasurer may allocate up to $10,000,000 of investment earnings each year for the Loan Guarantee Program, provided that no more than $50,000,000 may be used for guaranteeing loans at any given time. The State Treasurer shall make the allocation to the Loan Guarantee Administrative Trust Fund prior to allocating interest from the gross earnings of the State investment portfolio.
Free access — add to your briefcase to read the full text and ask questions with AI
Illinois § 30-35 (Limitations on funding) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 103-8, eff. 6-7-23.)
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