Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 195 - ILLINOIS DEVELOPMENT CREDIT CORPORATION ACT
Section 195.160 - State Funds
Universal Citation: 38 IL Admin Code ยง 195.160
Current through Register Vol. 48, No. 12, March 22, 2024
The Board of Directors of a development credit corporation may accept grants or loans from, or sell non-voting stock to, a State agency but such agency will not become a voting stock holder or member of the corporation. The Director of the Department of Commerce and Community Affairs or its successor shall be given advance notice of all meetings of the Board of Directors for the purpose of suggesting prospects deserving financial help consistent with the purpose of the Act.
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