§640.20. Definitions

Latest version.

            "Act" - The Rural Diversification Act (Ill. Rev. Stat. 1989, ch. 5, pars. 2251 et seq.).

            "Application" - A request for program funds, including the required statistical and narrative information and attachments.

            "Department" - The Illinois Department of Commerce and Community Affairs.

            "Financing" - Direct loans at market or below market rate interest provided to or on behalf of rural businesses or agribusinesses for purposes of rural diversification.

            "Program" - The Rural Diversification Loan Program.

            "Recipient" - Any eligible applicant receiving funds under this program.

                    
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