TITLE 47: HOUSING AND COMMUNITY DEVELOPMENT
CHAPTER II: ILLINOIS HOUSING DEVELOPMENT AUTHORITY
PART 340 LOANS TO LENDING INSTITUTIONS
SECTION 340.101 STATUTORY AUTHORIZATION
Section 340.101 Statutory Authorization
Pursuant to Section 7.24 of the Illinois Housing Development Act (Ill. Rev. Stat. 1985, ch. 67½, pars. 307.24) (the "Act"), the Authority is required to establish rules for the making of loans to Lending Institutions. The purpose of this Part is to comply with that requirement.