Ill. Admin. Code tit. 32, § 110.90 – Repayment of State Financing | Midpage
§ 110.90
Ill. Admin. Code tit. 32, § 110.90
Repayment of State Financing
AUTHORITY: Implementing and authorized by the Build Illinois Bond Act [30 ILCS 425].DEPARTMENT OF COMMERCE AND COMMUNITY AFFAIRS
a) The Borrower shall repay State Financing with interest in accordance with the terms and conditions of the agreement between the Borrower and the Department.
b) Funds repaid to the State under this Program shall be placed in the Illinois Industrial Coal Utilization Fund to be used for the purposes of the Program, subject to appropriation.