To borrow working capital funds and other funds as may be necessary for start-up and continuing operations, as long as such funds are borrowed in the name of the Authority only. Such borrowings shall be limited obligations of the character described in Section 12 of this Act and shall be payable solely from revenues of the Authority or the proceeds of Bonds pledged for that purpose.
110 ILCS 945/6.13
Borrowing funds for operations
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.