Illinois Compiled Statutes 110 ILCS 945 Higher Education Loan Act. Section 6.13

    (110 ILCS 945/6.13) (from Ch. 144, par. 1606.13)

    Sec. 6.13. Borrowing funds for operations. To borrow working capital funds and other funds as may be necessary for start-up and continuing operations, as long as such funds are borrowed in the name of the Authority only. Such borrowings shall be limited obligations of the character described in Section 12 of this Act and shall be payable solely from revenues of the Authority or the proceeds of Bonds pledged for that purpose.

(Source: P.A. 82-658.)

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Last modified: February 18, 2015