Illinois Administrative Code
Title 35 - ENVIRONMENTAL PROTECTION
Part 886 - BROWNFIELDS REDEVELOPMENT LOAN PROGRAM
Subpart F - DEDICATED SOURCE OF REVENUE, REPAYMENT AND DELINQUENCY
Section 886.605 - Loan Repayment to the Agency
Universal Citation: 35 IL Admin Code ยง 886.605
Current through Register Vol. 48, No. 38, September 20, 2024
Loan repayment to the Agency shall be in accordance with the loan repayment provisions contained in the loan agreement.
a) Loan repayment shall commence within 12 months after the initial disbursement of funds by the Agency.
b) The Agency shall set a principal amount and give the loan recipient an interim repayment schedule.
c) After a final cost review of the project, the Agency shall establish the final principal amount and give the loan recipient a final repayment schedule.
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