Establishment of the Loan Guarantee Program

15 ILCS 516/30-15
in effect
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(15 ILCS 516/30-15) Sec. 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. (Source: P.A. 101-657, eff. 3-23-21; 102-1027, eff. 5-27-22.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026

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