Ill. Admin. Code tit. 74 § 755.500

Current through Register Vol. 48, No. 33, August 16, 2024

Section 755.500 - Bank Proposals

a) Before disbursing moneys from the Fund, the Treasurer shall contact at least 5 approved financial institutions.

b) Potential lenders shall provide the Treasurer with an estimated collateralization ratio and a potential range of interest rates applicable to the proposed loan.

Ill. Admin. Code tit. 74, § 755.500