The State Treasurer may establish, as a component of the Program, fees of no more than 5% of the total guaranteed loan amount. The fees shall be deposited into a Loan Guarantee Account.
15 ILCS 516/30-25
Fees
Known as the Community Development Loan Guarantee Act
The act spans §§ 15-516-30-1 to 15-516-30-5 (10 sections).
P.A. 101-657, eff. 3-23-21; 102-1027, eff. 5-27-22.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.