Illinois Administrative Code
Title 74 - PUBLIC FINANCE
Part 1100 - ILLINOIS FINANCE AUTHORITY
Subpart B - FINANCING PROGRAMS
Section 1100.208 - Changes in Information and Additional Information

Current through Register Vol. 48, No. 12, March 22, 2024

a) Borrowers are responsible for notifying the Authority in writing within 30 days of any subsequent material changes in the nature or description of the project, the financial condition of the proposed borrower, and the proposed structure or participation in the financing.

b) Prior to the Board meeting at which project financing will be considered, the borrower must submit a disclosure statement which will disclose the ownership of any trust, estate, corporate and partnership entities who will be in the role of borrower or guarantor in the financing. A form for this purpose may be provided by the Authority.

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