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110 ILCS 945/ – Higher Education Loan Act | Midpage
Collections
Illinois Compiled Statutes
Education
Chapter 110
945
110 ILCS 945/
Higher Education Loan Act
0.01
Short title
10
Bonds
11
Trust agreement to secure Bonds
12
Bonds as obligation of Authority only
13
Pledge of Revenues
14
Funds from sale of Bonds as trust funds - Application of funds
15
Rights of Bond holders
16
110 Ilcs 945/16
17
110 Ilcs 945/17
18
Bonds as legal investments
19
110 Ilcs 945/19
2
Declaration of Purpose
20
Waiver of competitive bidding
21
110 Ilcs 945/21
22
Powers - Interest rates
23
110 Ilcs 945/23
24
Liberal construction of Act
25
110 Ilcs 945/25
3.01
Authority
3.02
Authority Loans
3.03
110 Ilcs 945/3.03
3.04
110 Ilcs 945/3.04
3.05
Borrower
3.06
Default insurance
3.07
Default reserve fund
3.08
Cost of Attendance
3.09
Education Loan
3.09a
Education Loan Corporation
3.10
Loan funding deposit
3.11
110 Ilcs 945/3.11
3.12
Parent
3.13
Education loan series portfolio
3
Definitions
4
110 Ilcs 945/4
5
Transfer of functions from the Illinois Educational Facilities Authority to the Illinois Finance Authority
6.05
Determination of qualified financings and establishment of financing programs
6.06
110 Ilcs 945/6.06
6.07
110 Ilcs 945/6.07
6.08
Establishment of rules and regulations
6.09
110 Ilcs 945/6.09
6.10
Receipt and acceptance of loans, contributions or grants
6.11
Making Authority Loans to institutions of higher education and education loan corporations
6.12
110 Ilcs 945/6.12
6.13
Borrowing funds for operations
6.14
Combining Education Loan series portfolios for financing purposes
6.15
Examining records
6.16
Use of Education Loan proceeds
6.17
Refunding Bonds and reduction of debt
6.18
Necessary and proper actions
6
Functions and powers of Authority
7
Expenses of Authority - Limitation of liability for expense
8
Acquisition of certain monies, endowments, and properties and guarantees thereto
9
Conveyance of loan funding deposit after payment of principal and interest