Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE47. HOUSING AND COMMUNITY DEVELOPMENT |
PART340. LOANS TO LENDING INSTITUTIONS |
SUBPARTA. GENERAL RULES |
§340.101. Statutory Authorization
Latest version.
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Pursuant to Section 7.24 of the Illinois Housing Development Act (Ill. Rev. Stat. 1985, ch. 67½, pars. 307.24) (the "Act"), the Authority is required to establish rules for the making of loans to Lending Institutions. The purpose of this Part is to comply with that requirement.