Illinois Statutes
§ 30-5 — Policy
Illinois·Topic GOVERNMENT·Ch. 15 EXECUTIVE OFFICERS·Act 15 ILCS 516/ Community Development Loan Guarantee Act.
The General Assembly finds that it is vital for the State to invest in community economic development, particularly in communities which have been historically excluded from investment opportunities due to redlining, discriminatory banking practices, and racism. The purpose of this Act is to establish a Program for guaranteeing small business loans and consumer loans to borrowers who would otherwise not qualify in communities of color and low-income communities.
Free access — add to your briefcase to read the full text and ask questions with AI
Illinois § 30-5 (Policy) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 101-657, eff. 3-23-21.)
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