Ill. Admin. Code tit. 35 § 663.220

Current through Register Vol. 49, No. 2, January 10, 2025

Section 663.220 - Loan Repayment Period

a) Except as provided in subsection (b), the loan repayment period cannot exceed the lesser of 30 years beyond the initiation of operation date, 30 years beyond the initiation of the loan repayment period, or the projected useful life of the project to be financed with the proceeds of the loan.

b) For loan applicants that are a disadvantaged community, the loan repayment period cannot exceed the lesser of 40 years beyond the initiation of operation date, 40 years beyond the initiation of the loan repayment period, or the projected useful life of the project to be financed with proceeds of the loan.

Ill. Admin. Code tit. 35, § 663.220

Amended at 24 Ill. Reg. 16236, effective November 1, 2000

Repealed at 43 Ill. Reg. 11279, effective 10/1/2019

Added at 48 Ill. Reg. 2088, effective 1/26/2024