Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE47. HOUSING AND COMMUNITY DEVELOPMENT |
PART260. HOMEOWNER MORTGAGE REVENUE BOND PROGRAM |
SUBPARTA. GENERAL RULES |
§260.104. Borrowing by the Authority
Latest version.
-
To the extent allowed by State or federal law and the Act, the Authority may borrow funds with which to purchase Mortgage Loans or securities, or to facilitate the origination of Mortgage Loans under the Programs.
(Source: Amended at 33 Ill. Reg. 7295, effective May 22, 2009)