Illinois Compiled Statutes 20 Executive Branch: Article 805 - Industrial Revenue Bond Insurance Fund

• Illinois Finance Authority Act. - 20 ILCS 3501, Section 805-5
  Findings and Declaration of Policy. It is hereby found and declared that a continuing need exists to maintain and develop the State's economy; that there...
• Illinois Finance Authority Act. - 20 ILCS 3501, Section 805-10
  Definitions. The following terms, whenever used or referred to in this Article, shall have the following meanings ascribed to them, except where the context...
• Illinois Finance Authority Act. - 20 ILCS 3501, Section 805-15
  Industrial Project Insurance Fund. There is created the Industrial Project Insurance Fund, hereafter referred to in Sections 805-15 through 805-50 of this Act as the...
• Illinois Finance Authority Act. - 20 ILCS 3501, Section 805-20
  Powers and Duties; Industrial Project Insurance Program. The Authority has the power: (a) to insure and make advance commitments to insure all or any part...
• Illinois Finance Authority Act. - 20 ILCS 3501, Section 805-25
  Insurance Contracts; Claim Responsibility. Any contract of insurance made by the Authority with a lender or bondholder or for the benefit thereof under this...
• Illinois Finance Authority Act. - 20 ILCS 3501, Section 805-30
  Applications for Insured Industrial Project Loans; Procedures. Applications received by the Authority shall be forwarded to a credit review committee consisting of 3 persons...
• Illinois Finance Authority Act. - 20 ILCS 3501, Section 805-35
  Loan Approval Standards. Before approving any bond or loan insurance under this Act, the Authority shall find that any loan insured by or to...
• Illinois Finance Authority Act. - 20 ILCS 3501, Section 805-40
  Investments in Insured Debts of the Authority. The State and all counties, municipalities and other public corporations, political subdivisions and public bodies, and public...
• Illinois Finance Authority Act. - 20 ILCS 3501, Section 805-45
  Cooperation with Local Industrial Development Agencies. When the Authority receives an application from a potential insured loan borrower, it shall promptly notify the local...
• Illinois Finance Authority Act. - 20 ILCS 3501, Section 805-50
  Documentary material concerning trade secrets; Commercial or financial information; Confidentiality. Any documentary materials or data made or received by any member, agent, or employee...

Last modified: February 18, 2015