1. a) allocating funds from investment earnings to the Loan Guarantee Administrative Trust Fund in accordance with Section 30-35 of the Act;
2. b) establishing one or more loan guarantee accounts at program depositories;
3. c) procuring any necessary custodial, investment, or banking services;
4. d) determining the administrative fees necessary to manage the Program in accordance with Section 30-25 of the Act and Section 715.430;
5. e) determining the eligibility of financial institutions to participate in the Program in accordance with Section 715.400;
6. f) establishing the terms and conditions for eligible financial institutions to participate in the Program;
7. g) accepting and processing applications for loan guarantees;
8. h) directing the payment of moneys in the loan guarantee account to be paid to participating financial institutions to cover losses on guaranteed loans; and
9. i) retaining documents in compliance with State statutes, including the State Records Act [5 ILCS 160] and the State Records Commission (44 Ill. Adm. Code 4400) administrative rules.

The Treasurer is responsible for establishing and administering the Program and will be responsible for the following: