Illinois § 30-5 Policy

Illinois Statutes

§ 30-5 — Policy

Illinois § 30-5

TopicGOVERNMENT

Ch. 15EXECUTIVE OFFICERS

Act 15 ILCS 516/Community Development Loan Guarantee Act.

This text of Illinois § 30-5 (Policy) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

15 Ill. Comp. Stat. 30-5 (2026).

Text

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.

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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.