Ill. Admin. Code tit. 14 § 640.20

Current through Register Vol. 49, No. 2, January 10, 2025
Section 640.20 - Definitions

"Act" - The Rural Diversification Act (Ill. Rev. Stat. 1989, ch. 5, pars. 2251 et seq.).

"Application" - A request for program funds, including the required statistical and narrative information and attachments.

"Department" - The Illinois Department of Commerce and Community Affairs.

"Financing" - Direct loans at market or below market rate interest provided to or on behalf of rural businesses or agribusinesses for purposes of rural diversification.

"Program" - The Rural Diversification Loan Program.

"Recipient" - Any eligible applicant receiving funds under this program.

Ill. Admin. Code tit. 14, § 640.20