Section 386.201 Priority of
Distributions
The
Authority shall distribute funds from annual Appropriations in accordance with
the following priorities:
a) To the Authority for its administrative
expenses.
b) After distributing the
amount listed in subsection (a), the Authority shall make Grants from the
moneys remaining in the Fund that have been appropriated as follows:
1) 30% shall be used
to make Grants for Approved Housing Counseling in Cook County outside of the
City of Chicago;
2) 25% shall be used
to make Grants for Approved Housing Counseling in the City of Chicago;
3) 30% shall be used to make Grants for Approved
Housing Counseling in DuPage, Kane, Lake, McHenry and Will Counties; and
4) 15% shall be used to make Grants for
Approved Housing Counseling in Illinois in counties other than Cook, DuPage,
Kane, Lake, McHenry and Will Counties, provided that grants to provide Approved
Housing Counseling to borrowers residing within these counties shall be based,
to the extent practicable:
A) proportionately on the amount of fees paid to
the respective clerks of the courts within these counties; and
B) on any other factors that the Authority deems
appropriate. (Section 7.30(b-1) of the Act)