Act

Higher Education Loan Act

110 ILCS 945/0.01— Short title
110 ILCS 945/2— Declaration of Purpose
110 ILCS 945/3— Definitions
110 ILCS 945/3.01— Authority
110 ILCS 945/3.02— Authority Loans
110 ILCS 945/3.03— (Repealed)
110 ILCS 945/3.04— (Repealed)
110 ILCS 945/3.05— Borrower
110 ILCS 945/3.06— Default insurance
110 ILCS 945/3.07— Default reserve fund
110 ILCS 945/3.08— Cost of Attendance
110 ILCS 945/3.09— Education Loan
110 ILCS 945/3.09a— Education Loan Corporation
110 ILCS 945/3.10— Loan funding deposit
110 ILCS 945/3.11— (Repealed)
110 ILCS 945/3.12— Parent
110 ILCS 945/3.13— Education loan series portfolio
110 ILCS 945/4— (Repealed)
110 ILCS 945/5— Transfer of functions from the Illinois Educational Facilities Authority to the Illinois Finance Authority
110 ILCS 945/6— Functions and powers of Authority
110 ILCS 945/6.05— Determination of qualified financings and establishment of financing programs
110 ILCS 945/6.06— (Repealed)
110 ILCS 945/6.07— (Repealed)
110 ILCS 945/6.08— Establishment of rules and regulations
110 ILCS 945/6.09— (Repealed)
110 ILCS 945/6.10— Receipt and acceptance of loans, contributions or grants
110 ILCS 945/6.11— Making Authority Loans to institutions of higher education and education loan corporations
110 ILCS 945/6.12— Apportionment of administrative costs and expenses among participating institutions of higher education and education loan corporations
110 ILCS 945/6.13— Borrowing funds for operations
110 ILCS 945/6.14— Combining Education Loan series portfolios for financing purposes
110 ILCS 945/6.15— Examining records
110 ILCS 945/6.16— Use of Education Loan proceeds
110 ILCS 945/6.17— Refunding Bonds and reduction of debt
110 ILCS 945/6.18— Necessary and proper actions
110 ILCS 945/7— Expenses of Authority - Limitation of liability for expense
110 ILCS 945/8— Acquisition of certain monies, endowments, and properties and guarantees thereto
110 ILCS 945/9— Conveyance of loan funding deposit after payment of principal and interest
110 ILCS 945/10— Bonds
110 ILCS 945/11— Trust agreement to secure Bonds
110 ILCS 945/12— Bonds as obligation of Authority only
110 ILCS 945/13— Pledge of Revenues
110 ILCS 945/14— Funds from sale of Bonds as trust funds - Application of funds
110 ILCS 945/15— Rights of Bond holders
110 ILCS 945/16— (Repealed)
110 ILCS 945/17— (Repealed)
110 ILCS 945/18— Bonds as legal investments
110 ILCS 945/19— (Repealed)
110 ILCS 945/20— Waiver of competitive bidding
110 ILCS 945/21— (Repealed)
110 ILCS 945/22— Powers - Interest rates
110 ILCS 945/23— Act as alternative method - Application of Bond law - Powers not subject to supervision or regulation by other element or government
110 ILCS 945/24— Liberal construction of Act
110 ILCS 945/25— (Repealed)