Ill. Admin. Code tit. 47, § 300.403 – Yield on Certain Mortgage-Backed Securities | Midpage
§ 300.403
Ill. Admin. Code tit. 47, § 300.403
Yield on Certain Mortgage-Backed Securities
AUTHORITY: Authorized by Sections 7.19 and 7.23 of the Illinois Housing Development Act [20 ILCS 3805].ILLINOIS HOUSING DEVELOPMENT AUTHORITY
In no event shall the yield on Mortgage-Backed Securities purchased from the proceeds of Bonds that are Tax-Exempt exceed the maximum permitted by application of section 143 of the Code.