Chapter 20, EXECUTIVE BRANCH

(20 ILCS 3501/825-12) Sec. 825-12. Conservation projects. (a) The Authority may develop a program to provide low-interest loans and other financing to individuals, business entities, private organizations, and units of local government for conservation projects within the United …

(20 ILCS 3501/825-13) Sec. 825-13. Supervision of the Riverdale Development Authority bond issuances. (a) All bond issuances of the Riverdale Development Authority are subject to supervision, management, control, and approval of the Authority. (b) All bonds issued by the Riverdal…

(20 ILCS 3501/825-13.5) Sec. 825-13.5. Supervision of the Illinois Urban Development Authority bond issuances. (a) All bond issuances of the Illinois Urban Development Authority are subject to supervision, management, control, and approval of the Authority. (b) All bonds issued b…

(20 ILCS 3501/825-20) Sec. 825-20. Financially Distressed City Assistance Program; Findings and Declarations of Policy. It is hereby found and declared that there exists an urgent need to reduce involuntary unemployment and economic stagnation within financially distressed cities…

(20 ILCS 3501/825-25) Sec. 825-25. Definition. As used in Sections 825-20 through 825-60 of this Act, the term "financially distressed city" means a unit of local government which has been certified and designated as a financially distressed city under Section 8-12-4 of the Illin…

(20 ILCS 3501/825-30) Sec. 825-30. Powers and Duties; Financing. (a) Upon application of the financial advisory authority established for a financially distressed city under Division 12 of Article 8 of the Illinois Municipal Code, the Authority shall have the power to issue its b…

(20 ILCS 3501/825-35) Sec. 825-35. Pledge of Funds. Any financially distressed city which receives funds from the Department of Revenue, including without limitation funds received pursuant to Section 8-11-1, 8-11-5 or 8-11-6 of the Illinois Municipal Code or Section 2 or 12 of t…

(20 ILCS 3501/825-40) Sec. 825-40. Additional security. In the event that the Authority determines that funds pledged, intercepted or otherwise received or to be received by the Authority under Section 825-20 of this Act will not be sufficient for the payment of the principal, pr…

(20 ILCS 3501/825-5) Sec. 825-5. Motion Picture Production Program; Findings and Declaration of Policy. It is hereby found and declared that the production of motion pictures has an enormous potential for contributing to the economic well-being of the State and its communities; t…

(20 ILCS 3501/825-50) Sec. 825-50. Eligible Investments. Bonds issued by the Authority pursuant to Sections 825-20 through 825-60 shall be permissible investments within the provisions of Section 805-40. (Source: P.A. 93-205, eff. 1-1-04.)

(20 ILCS 3501/825-55) Sec. 825-55. Tax Exemption. The exercise of the powers granted in Sections 825-20 through 825-60 are in all respects for the benefit of the people of Illinois, and in consideration thereof shall be free from all taxation by the State or its political subdivi…

(20 ILCS 3501/825-60) Sec. 825-60. Financially Distressed City Assistance Program Limitation. In addition to the bonds authorized to be issued under Sections 801-40(w), 825-65(e), 830-25 and 845-5, the Authority may have outstanding at any time, bonds for the purposes enumerated …

(20 ILCS 3501/825-65) Sec. 825-65. Clean Coal, Coal, Energy Efficiency, PACE, and Renewable Energy Project Financing. (a) Findings and declaration of policy. (i) It is hereby found and declared that Illinois has abundant coal resources and, in some areas of Illinois, the demand f…

(20 ILCS 3501/825-70) Sec. 825-70. Criteria for participation in the program. Applications to the Authority for financing of any Clean Coal, Coal, Energy Efficiency Project, or Renewable Energy Project shall be reviewed by the Authority. Upon submission of any such application, t…

(20 ILCS 3501/825-75) Sec. 825-75. Additional Security. In the event that the Authority determines that monies of the Authority will not be sufficient for the payment of the principal of and interest on any bonds issued by the Authority under Sections 825-65 through 825-75 of thi…

(20 ILCS 3501/825-80) Sec. 825-80. Fire truck revolving loan program. (a) This Section is a continuation and re-enactment of the fire truck revolving loan program enacted as Section 3-27 of the Rural Bond Bank Act by Public Act 93-35, effective June 24, 2003, and repealed by Publ…

(20 ILCS 3501/825-81) Sec. 825-81. Fire station revolving loan program. (a) The Authority and the State Fire Marshal may jointly administer a fire station revolving loan program. The program shall, in instances where sufficient loan funds exist to permit applications to be accept…

(20 ILCS 3501/825-85) Sec. 825-85. Ambulance revolving loan program. (a) The Authority and the State Fire Marshal may jointly administer an ambulance revolving loan program. The program shall, in instances where sufficient loan funds exist to permit applications to be accepted, p…

(20 ILCS 3501/825-87) Sec. 825-87. Public life safety capital investment finance program. (a) In addition to the powers set forth in Sections 825-80, 825-81, and 825-85 of this Act and in furtherance of the purposes and programs set forth in those Sections, the Authority may use …

(20 ILCS 3501/825-90) Sec. 825-90. Illinois Power Agency Bonds. (a) In this Section: "Agency" means the Illinois Power Agency. "Agency loan agreement" means any agreement pursuant to which the Illinois Finance Authority agrees to loan the proceeds of its revenue bonds issued with…

(20 ILCS 3501/825-95) (Section scheduled to be repealed on January 1, 2027) Sec. 825-95. Emerald ash borer revolving loan program. (a) The Illinois Finance Authority may administer an emerald ash borer revolving loan program. The program shall provide low-interest or zero-interes…

(20 ILCS 3501/830-10) Sec. 830-10. (a) The Authority may establish a Farm Debt Relief Program to help provide eligible Illinois farmers with State assistance in meeting their farming-related debts. (b) To be eligible for the program, a person must (1) be actively engaged in farmi…

(20 ILCS 3501/830-15) Sec. 830-15. Interest-buy-back program. (a) The Authority may establish an interest-buy-back program to subsidize the interest cost on certain loans to Illinois farmers. (b) To be eligible an applicant must (i) be a resident of Illinois; (ii) be a principal …

(20 ILCS 3501/830-20) Sec. 830-20. The Authority may not pass a resolution authorizing the issuance of any notes or bonds in excess of $450,000 for any one agricultural real estate borrower. In any calendar year after 2007, the $450,000 amount shall be increased by an amount equa…

(20 ILCS 3501/830-25) Sec. 830-25. Bonded indebtedness limitation. The Authority shall not have outstanding at any one time State Guarantees under Section 830-30 in an aggregate principal amount exceeding $160,000,000. The Authority shall not have outstanding at any one time Stat…

(20 ILCS 3501/830-30) Sec. 830-30. State Guarantees for existing debt. (a) The Authority is authorized to issue State Guarantees for farmers' existing debts held by a lender. For the purposes of this Section, a farmer shall be a resident of Illinois, who is a principal operator o…

(20 ILCS 3501/830-35) Sec. 830-35. State Guarantees for loans to farmers and agribusiness; eligibility. (a) The Authority is authorized to issue State Guarantees to lenders for loans to eligible farmers and agribusinesses for purposes set forth in this Section. For purposes of th…

(20 ILCS 3501/830-40) Sec. 830-40. Cooperative agreement with the University of Illinois. (a) The Authority may enter into a cooperative agreement with the University of Illinois whereby the University's College of Agriculture, or a department thereof, shall assess and evaluate t…

(20 ILCS 3501/830-45) Sec. 830-45. Young Farmer Loan Guarantee Program. (a) The Authority is authorized to issue State Guarantees to lenders for loans to finance or refinance debts of young farmers. For the purposes of this Section, a young farmer is a resident of Illinois who is…

(20 ILCS 3501/830-5) Sec. 830-5. The Authority shall have the following powers: (a) To loan its funds to one or more persons to be used by such persons to pay the costs of acquiring, constructing, reconstructing or improving Agricultural Facilities, soil or water conservation pro…

(20 ILCS 3501/830-50) Sec. 830-50. Specialized Livestock Guarantee Program. (a) The Authority is authorized to issue State Guarantees to lenders for loans to finance or refinance debts for specialized livestock operations that are or will be located in Illinois. For purposes of t…

(20 ILCS 3501/830-55) Sec. 830-55. Working Capital Loan Guarantee Program. (a) The Authority is authorized to issue State Guarantees to lenders for loans to finance needed input costs related to and in connection with planting and raising agricultural crops and commodities in Ill…

(20 ILCS 3501/835-10) Sec. 835-10. Definitions. As used or referred to in this Article 835, the following words and terms shall have the following meanings, except where the context clearly requires otherwise: "Fund" means one or more of the Industrial Project Insurance Fund, the…

(20 ILCS 3501/835-15) Sec. 835-15. Powers and duties. The Authority may enter into a State Guarantee with a lender, or a person holding a note, of a loan or loans to a qualified veteran-owned small business and may make payment, in whole or in part, on a State Guarantee from any …

(20 ILCS 3501/835-20) Sec. 835-20. State Guarantees for loans to qualified veteran-owned small businesses. (a) The Authority is authorized to issue State Guarantees to lenders for loans to qualified veteran-owned small businesses for the general corporate purposes of those qualif…

(20 ILCS 3501/835-5) Sec. 835-5. Legislative findings. The General Assembly hereby finds and declares the following: (i) that there is an inadequate supply of funds available in this State at rates sufficiently low to enable veterans to own and operate small businesses successful…

(20 ILCS 3501/840-10) Sec. 840-10. By means of this Act it is the intent of the General Assembly to provide a measure of assistance and alternative methods of financing to participating health institutions to aid them in providing needed health facilities that will assure admissi…

(20 ILCS 3501/840-15) Sec. 840-15. The Authority is authorized and empowered to acquire, directly or by and through a participating health institution as its agent, by purchase solely from funds provided under the authority of this Act, or by gift or legacy, such lands, structure…

(20 ILCS 3501/840-20) Sec. 840-20. It is the intent and purpose of this Act that the exercise by the Authority of the powers granted to it shall be in all respects for the benefit of the people of this State to assist them to provide needed health facilities of the number, size, …

(20 ILCS 3501/840-25) Sec. 840-25. The Authority shall fix, revise, charge and collect rents for the use of each health facility owned by the Authority and contract with any person, partnership, association or corporation, or other body, public or private, in respect thereof. Eac…

(20 ILCS 3501/840-30) Sec. 840-30. It is intended that all private health facilities in this State be enabled to benefit from and participate in the provisions of this Act. To this end, all private health facilities operating, or authorized to be operated, under any statute of th…

(20 ILCS 3501/840-5) Sec. 840-5. The Authority shall have the following powers: (a) To fix and revise from time to time and charge and collect rates, rents, fees and charges for the use of and for the services furnished or to be furnished by a project or other health facilities o…

(20 ILCS 3501/845-10) Sec. 845-10. The Authority may issue a single bond issue pursuant to this Act for a group of industrial projects, a group of corporations or a group of business entities, a group of units of local government or other borrowers or any combination thereof. A b…

(20 ILCS 3501/845-15) Sec. 845-15. The Authority may maintain an office or branch office anywhere in the State, and may utilize, without the payment of rent, any office facilities which the State may conveniently make available to it. (Source: P.A. 93-205, eff. 1-1-04.)

(20 ILCS 3501/845-20) Sec. 845-20. The Authority shall not have power to levy taxes for any purpose whatsoever. (Source: P.A. 93-205, eff. 1-1-04.)

(20 ILCS 3501/845-25) Sec. 845-25. The Authority shall not incur any obligations for salaries, office or other administrative expenses prior to the making of appropriations to meet such expenses. Interest earned from investments of any funds of the Authority and repayments of pri…

(20 ILCS 3501/845-30) Sec. 845-30. The State and all counties, cities, villages, incorporated towns and other municipal corporations, political subdivisions and public bodies, and public officers of any thereof, all banks, bankers, trust companies, savings banks and institutions,…

(20 ILCS 3501/845-35) Sec. 845-35. Under no circumstances shall any bonds or other evidences of indebtedness issued by the Authority or the Predecessor Authorities under this Act or under any other law be or become an indebtedness or obligation of the State of Illinois, within th…

(20 ILCS 3501/845-40) Sec. 845-40. The Authority shall appoint a secretary and treasurer, who may, but need not, be a member or members of the Authority to hold office during the pleasure of the Authority. Before entering upon the duties of the respective offices such person or p…

(20 ILCS 3501/845-45) Sec. 845-45. (a) No member, officer, agent, or employee of the Authority shall, in his or her own name or in the name of a nominee, be an officer or director or hold an ownership interest of more than 7 1/2% in any person, association, trust, corporation, pa…