Illinois Statutes

§ 835-15 — Powers and duties

Illinois·Topic GOVERNMENT·Ch. 20 EXECUTIVE BRANCH·Act 20 ILCS 3501/ Illinois Finance Authority Act.·Art. Article 835 - Veterans Assistance

The Authority may enter into a State Guarantee with a lender, or a person holding a note, of a loan or loans to a qualified veteran-owned small business and may make payment, in whole or in part, on a State Guarantee from any of the following funds in such order and in such amounts as the Authority shall determine:

(1)the Industrial Project Insurance Fund (if the Authority exercises its discretion under subsection (j) of Section 805-20);
(2)the Illinois Agricultural Loan Guarantee Fund; or (3) the Illinois Farmer and Agribusiness Loan Guarantee Fund.

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Legislative History

(Source: P.A. 99-509, eff. 6-24-16.)

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