(70 ILCS 3210/85)
Sec. 85.
No impairment of loan agreement.
The State of
Illinois pledges to and agrees with any facility owner under any loan
agreement entered into by the Authority with respect to a
facility that the State will not limit or alter the rights and powers
vested in the Authority by this Act so as to impair the terms of
the loan agreement or in any way impair the rights and remedies
of the owner so long as the owner is not in default under the loan
agreement. In addition, the State pledges to and agrees with the owner that
the
State will not limit the basis on which State funds are to be allocated,
deposited, and paid to the Authority, or the use of those funds, so as to
impair the terms of any such loan agreement. The Authority is
authorized to include this pledge and agreement of the State in the
loan agreement.
(Source: P.A. 93-227, eff. 1-1-04.)
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