Section 1100.545  Disbursement and Repayment of Loans

Funds shall be disbursed after commencement of the project pursuant to a disbursement schedule contained in the loan agreement.  Repayment of the loan principal shall be made according to the loan agreement.  The interest rate on all loans shall be zero (0) percent.

(Source:  Recodified from 14 Ill. Adm. Code 1210.340 at 31 Ill. Reg. 12104)