Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE74. PUBLIC FINANCE |
PART755. HOSPITAL BASIC SERVICES PRESERVATION ACT |
§755.500. Bank Proposals
Latest version.
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a) Before disbursing moneys from the Fund, the Treasurer shall contact at least 5 approved financial institutions.
b) Potential lenders shall provide the Treasurer with an estimated collateralization ratio and a potential range of interest rates applicable to the proposed loan.