Illinois Administrative Code
Title 35 - ENVIRONMENTAL PROTECTION
Part 886 - BROWNFIELDS REDEVELOPMENT LOAN PROGRAM
Subpart E - INTEREST RATES, LOAN LIMITATIONS, CREDIT WORTHINESS AND FINANCIAL CAPABILITY
Section 886.505 - Limitations on Loan Amounts

Universal Citation: 35 IL Admin Code ยง 886.505

Current through Register Vol. 48, No. 38, September 20, 2024

a) The maximum loan amount for site investigation activities shall not exceed $120,000 per site.

b) The maximum loan amount for any single application submitted pursuant to Section 886.215 (Applications for Brownfields Redevelopment Loans) of this Part shall be limited to $500,000.

c) The maximum loan amount for any single project shall be $1,000,000. (Section 58.15(b)(3) of the Act)

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