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Code · Illinois · Chapter 15 — EXECUTIVE OFFICERS · Act 516

Sec. 30-35. Limitations on funding.

66 words·~1 min read·/il/chapter-15/act-516/30-35

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Sec. 30-35. Limitations on funding. The State Treasurer may allocate up to $10,000,000 of investment earnings each year for the Loan Guarantee Program, provided that no more than $50,000,000 may be used for guaranteeing loans at any given time. The State Treasurer shall make the allocation to the Loan Guarantee Administrative Trust Fund prior to allocating interest from the gross earnings of the State investment portfolio.
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