"Default reserve fund" means a fund established pursuant to a bond ordinance for the purpose of securing Education Loans, Authority Loans or Bonds.
110 ILCS 945/3.07
Default reserve fund
Known as the Higher Education Loan Act
The act spans §§ 110-945-0-01 to 110-945-9 (53 sections).
P.A. 82-658.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.