Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE74. PUBLIC FINANCE |
PART1100. ILLINOIS FINANCE AUTHORITY |
SUBPARTE. ILLINOIS HOUSING PARTNERSHIP PROGRAM |
§1100.570. Loan Monitoring and Recovery
Latest version.
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The Authority retains the right to rescind program loans and require the immediate repayment of loans already disbursed if it finds that the municipality or other project participant is misusing program funds or is not complying with the terms of these regulations, the loan agreement, or applicable law, all as provided in the loan agreement.
(Source: Recodified from 14 Ill. Adm. Code 1210.430 at 31 Ill. Reg. 12104)