(70 ILCS 508/10.45)
Sec. 10.45.
Loan agreement.
"Loan agreement" means any agreement by
which the Authority
agrees to loan the proceeds of its revenue bonds, notes, or other evidences of
indebtedness issued with respect to a project to any person or governmental
agency that will use or cause the project to be used as a project
upon terms providing for loan repayment installments at least
sufficient to pay when due the borrower's pro rata share of all principal
of and interest and premium, if any,
on any revenue bonds, notes, or other evidences of indebtedness of the
Authority
issued with respect to the project, providing for maintenance,
insurance, and operation of the project on terms satisfactory to the
Authority, and providing for other matters as may be deemed advisable by
the Authority.
(Source: P.A. 89-333, eff. 8-17-95; 90-83, eff. 7-10-97.)
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