Illinois Administrative Code
Title 56 - LABOR AND EMPLOYMENT
Part 5410 - EMPLOYER TRAINING ASSISTANCE PROGRAM
Subpart C - SELECTION CRITERIA
Section 5410.340 - Loan Forgiveness
Universal Citation: 56 IL Admin Code ยง 5410.340
Current through Register Vol. 48, No. 38, September 20, 2024
The Authority shall provide in a Loan that for each individual who remains continuously employed on a full-time basis with the employer for one year after completion of the training program, up to a maximum of 25% of the eligible costs, as defined in Section 5410.310, attributable to that employee and financed by the loan, may be credited as partial repayment of the principal of such loan. (Section 18(d) of the Act)
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