Section 1100.650  Interest Rate on the Authority's Bonds

There is no legal limit on the interest rate for the Authority's Bonds under this Subpart.  As a matter of policy, however, the Authority may decide in certain cases to limit the rate for a particular Bond issue, after consulting with its financial advisor and the institution which is applying for financing.

(Source:  Amended at 11 Ill. Reg. 9106, effective April 28, 1987; recodified from 23 Ill. Adm. Code 2310.40 at 31 Ill. Reg. 12104)