Ill. Admin. Code tit. 47 § 310.308
Current through Register Vol. 49, No. 2, January 10, 2025
No Owner, including any "related person," as defined in Section 103(b)(6)(C) of the Internal Revenue Code of 1954 as amended from time to time, shall pursuant to any arrangement, formal or informal, direct or indirect, agree to purchase the Bonds, Notes, or other obligations of the Authority in an amount related to the aggregate principal amount of the Mortgage Loan to be made to the Owner or such related person.
Ill. Admin. Code tit. 47, § 310.308