Illinois Administrative Code
Title 14 - COMMERCE
Part 640 - RURAL DIVERSIFICATION ACT PROGRAM
Subpart A - RURAL DIVERSIFICATION LOAN PROGRAM
Section 640.20 - Definitions
Universal Citation: 14 IL Admin Code ยง 640.20
Current through Register Vol. 48, No. 38, September 20, 2024
"Act" - The Rural Diversification Act (Ill. Rev. Stat. 1989, ch. 5, pars. 2251 et seq.).
"Application" - A request for program funds, including the required statistical and narrative information and attachments.
"Department" - The Illinois Department of Commerce and Community Affairs.
"Financing" - Direct loans at market or below market rate interest provided to or on behalf of rural businesses or agribusinesses for purposes of rural diversification.
"Program" - The Rural Diversification Loan Program.
"Recipient" - Any eligible applicant receiving funds under this program.
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