Illinois Administrative Code
Title 92 - TRANSPORTATION
Part 800 - RAIL FREIGHT PROGRAM
Subpart C - PROJECT REQUIREMENTS
Section 800.360 - Default
Universal Citation: 92 IL Admin Code ยง 800.360
Current through Register Vol. 48, No. 38, September 20, 2024
Default under the contract shall occur if a loan recipient fails to make any payment to the Department as required by the contract. Upon the occurrence of such a default, the Department will have the right to foreclose.
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