Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE74. PUBLIC FINANCE |
PART1100. ILLINOIS FINANCE AUTHORITY |
SUBPARTF. LOAN PARTICIPATION PROGRAM |
§1100.650. Interest Rate on the Authority's Bonds
Latest version.
-
There is no legal limit on the interest rate for the Authority's Bonds under this Subpart. As a matter of policy, however, the Authority may decide in certain cases to limit the rate for a particular Bond issue, after consulting with its financial advisor and the institution which is applying for financing.
(Source: Amended at 11 Ill. Reg. 9106, effective April 28, 1987; recodified from 23 Ill. Adm. Code 2310.40 at 31 Ill. Reg. 12104)