15 ILCS 516/30-15

Current through Public Act 103-1052

Section 15 ILCS 516/30-15 - Establishment of the Loan Guarantee Program

The State Treasurer may establish the Loan Guarantee Program by establishing one or more Loan Guarantee Accounts at approved financial institutions . The Loan Guarantee Accounts may be used to cover the losses on guaranteed loans at a participating financial institution.

15 ILCS 516/30-15

Amended by P.A. 102-1027,§ 5, eff. 5/27/2022.

Added by P.A. 101-0657,§ 30-15, eff. 3/23/2021.