Default reserve fund

110 ILCS 945/3.07, under Higher Education Loan Act.

110 ILCS 945/3.07

(110 ILCS 945/3.07) (from Ch. 144, par. 1603.07)

    Sec. 3.07. Default reserve fund. "Default reserve fund" means a fund established pursuant to a bond ordinance for the purpose of securing Education Loans, Authority Loans or Bonds.

(Source: P.A. 82-658.)