Illinois Administrative Code
Title 74 - PUBLIC FINANCE
Part 1100 - ILLINOIS FINANCE AUTHORITY
Subpart B - FINANCING PROGRAMS
Section 1100.260 - Amendatory Resolutions
Universal Citation: 74 IL Admin Code ยง 1100.260
Current through Register Vol. 48, No. 38, September 20, 2024
If material changes are made to a project or the terms of the financing, an amendatory resolution shall be required. Borrowers are required to notify the Authority in writing and consult bond counsel and counsel to the Authority if material changes are to be made to the project or the terms of the financing which would require the adoption of such an amendatory resolution. Such an amendatory resolution will be considered at the next regular meeting of the Authority occurring not sooner than two weeks following receipt by the Authority of such written notice.
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