Ill. Admin. Code tit. 35 § 886.205

Current through Register Vol. 48, No. 49, December 6, 2024

Section 886.205 - Loan Issuance Criteria

a) Criteria for awarding loans shall include, but shall not be limited to, the following:

1) Credit worthiness and ability to repay the loan;

2) Potential for economic redevelopment;

3) Long-term benefits and sustainability;

4) Strength of community and local support;

5) Interest of potential future users of the brownfields site;

6) Protection of human health and the environment; and

7) A written commitment by the loan recipient or other entity to enter the brownfields site into the Site Remediation Program.

b) In awarding loans, the Agency may give weight to geographic location to enhance geographic distributions of loans across the State.

Ill. Admin. Code tit. 35, § 886.205