Illinois Compiled Statutes 20 Executive Branch: Article -

• Illinois Small Business Surety Bond Guaranty Act. - 20 ILCS 3520, Section 1
  Short title. This Act may be cited as the Small Business Surety Bond Guaranty Act. (Source: P.A. 88-407.)
• Illinois Small Business Surety Bond Guaranty Act. - 20 ILCS 3520, Section 5
  Definitions. "Contract term" means the term of the private sector, government, or utility contract, including a maintenance or warranty period of up to 2 years...
• Illinois Small Business Surety Bond Guaranty Act. - 20 ILCS 3520, Section 10
  Powers. For purposes of this Act, in addition to other powers described herein, the Department may do each of the following: (1) Use the...
• Illinois Small Business Surety Bond Guaranty Act. - 20 ILCS 3520, Section 15
  Small Business Surety Bond Guaranty Fund. (a) The Small Business Surety Bond Guaranty Fund is created as a special fund in the State treasury....
• Illinois Small Business Surety Bond Guaranty Act. - 20 ILCS 3520, Section 20
  Surety guarantees. (a) Subject to the restrictions of this Act, the Department, on application, may guarantee any surety up to 90% of its losses...
• Illinois Small Business Surety Bond Guaranty Act. - 20 ILCS 3520, Section 25
  Surety bonding line. In addition to its other powers, on application, the Department may establish a surety bonding line in order to guarantee multiple...
• Illinois Small Business Surety Bond Guaranty Act. - 20 ILCS 3520, Section 30
  Requirements. (a) To qualify for a surety bond guaranty under this Act, a principal must meet the requirements of this Section. (b) The principal...
• Illinois Small Business Surety Bond Guaranty Act. - 20 ILCS 3520, Section 35
  Application. (a) To apply for financial assistance from the Program under this Act, a principal and surety shall submit to the Department an application...
• Illinois Small Business Surety Bond Guaranty Act. - 20 ILCS 3520, Section 40
  Premiums and fees. (a) The Department may set the premiums and fees to be paid to it for providing bonding assistance under the Program....
• Illinois Small Business Surety Bond Guaranty Act. - 20 ILCS 3520, Section 45
  False statements; penalty. (a) No person shall knowingly make or cause any false statement or report to be made in any application or in...
• Illinois Small Business Surety Bond Guaranty Act. - 20 ILCS 3520, Section 50
  Study of "incubator". The Department is authorized to study the need for and to create a component for the Program to be referred to...
• Illinois Executive Branch: Article -
  Amendatory provisions; text omitted
• Illinois Small Business Surety Bond Guaranty Act. - 20 ILCS 3520, Section 70
  (Amendatory provisions; text omitted). (Source: P.A. 88-407; text omitted.)
• Illinois Executive Branch: Article -
  Amendatory provisions; text omitted
• Illinois Small Business Surety Bond Guaranty Act. - 20 ILCS 3520, Section 75
  (Amendatory provisions; text omitted). (Source: P.A. 88-407; text omitted.)
• Illinois Small Business Surety Bond Guaranty Act. - 20 ILCS 3520, Section 99
  This Act takes effect upon becoming law. (Source: P.A. 88-407.)

Last modified: February 18, 2015