Act 945 - HIGHER EDUCATION LOAN ACT
- Section 110 ILCS 945/0.01 - Short title
- Section 110 ILCS 945/2 - Declaration of Purpose
- Section 110 ILCS 945/3 - Definitions
- Section 110 ILCS 945/3.01 - Authority
- Section 110 ILCS 945/3.02 - Authority Loans
- Section 110 ILCS 945/3.03 and 945/3.04 - Repealed by P.A. 88-555, eff. 7-27-94
- Section 110 ILCS 945/3.05 - Borrower
- Section 110 ILCS 945/3.06 - Default insurance
- Section 110 ILCS 945/3.07 - Default reserve fund
- Section 110 ILCS 945/3.08 - Cost of Attendance
- Section 110 ILCS 945/3.09 - Education Loan
- Section 110 ILCS 945/3.09a - Education Loan Corporation
- Section 110 ILCS 945/3.10 - Loan funding deposit
- Section 110 ILCS 945/3.11 - Repealed by P. A. 88-555, eff. 7-27-94
- Section 110 ILCS 945/3.12 - Parent
- Section 110 ILCS 945/3.13 - Education loan series portfolio
- Section 110 ILCS 945/4 - Repealed by P.A. 88-555, eff. 7-27-94
- Section 110 ILCS 945/5 - Transfer of functions from the Illinois Educational Facilities Authority to the Illinois Finance Authority
- Section 110 ILCS 945/6 - Functions and powers of Authority
- Section 110 ILCS 945/6.05 - Determination of qualified financings and establishment of financing programs
- Section 110 ILCS 945/6.06 and 945/6.07 - Repealed by P.A. 88-555, eff. 7-27-94
- Section 110 ILCS 945/6.08 - Establishment of rules and regulations
- Section 110 ILCS 945/6.09 - Repealed by P.A. 88-555, eff. 7-27-94
- Section 110 ILCS 945/6.10 - Receipt and acceptance of loans, contributions or grants
- Section 110 ILCS 945/6.11 - Making Authority Loans to institutions of higher education and education loan corporations
- Section 110 ILCS 945/6.12 - Apportionment of administrative costs and expenses among participating institutions of higher education and education loan corporations
- Section 110 ILCS 945/6.13 - Borrowing funds for operations
- Section 110 ILCS 945/6.14 - Combining Education Loan series portfolios for financing purposes
- Section 110 ILCS 945/6.15 - Examining records
- Section 110 ILCS 945/6.16 - Use of Education Loan proceeds
- Section 110 ILCS 945/6.17 - Refunding Bonds and reduction of debt
- Section 110 ILCS 945/6.18 - Necessary and proper actions
- Section 110 ILCS 945/7 - Expenses of Authority - Limitation of liability for expense
- Section 110 ILCS 945/8 - Acquisition of certain monies, endowments, and properties and guarantees thereto
- Section 110 ILCS 945/9 - Conveyance of loan funding deposit after payment of principal and interest
- Section 110 ILCS 945/10 - Bonds
- Section 110 ILCS 945/11 - Trust agreement to secure Bonds
- Section 110 ILCS 945/12 - Bonds as obligation of Authority only
- Section 110 ILCS 945/13 - Pledge of Revenues
- Section 110 ILCS 945/14 - Funds from sale of Bonds as trust funds - Application of funds
- Section 110 ILCS 945/15 - Rights of Bond holders
- Section 110 ILCS 945/16 and 945/17 - Repealed by P.A. 88-555, eff. 7-27-94
- Section 110 ILCS 945/18 - Bonds as legal investments
- Section 110 ILCS 945/19 - Repealed by P.A. 88-555, eff. 7-27-94
- Section 110 ILCS 945/20 - Waiver of competitive bidding
- Section 110 ILCS 945/21 - Repealed by P.A. 88-555, eff. 7-27-94
- Section 110 ILCS 945/22 - Powers - Interest rates
- Section 110 ILCS 945/23 - Act as alternative method - Application of Bond law - Powers not subject to supervision or regulation by other element or government
- Section 110 ILCS 945/24 - Liberal construction of Act
- Section 110 ILCS 945/25 - Repealed by P.A. 88-555, eff. 7-27-94