Illinois General Assembly - Illinois Compiled Statutes

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20 ILCS 3501/805-5

(20 ILCS 3501/805-5)

Sec. 805-5. Findings and declaration of policy.

It is hereby found and
declared that a continuing need exists to maintain and develop the State's
economy; that there are significant barriers in the capital markets inhibiting
the issuance by the Authority of industrial revenue bonds, loans, and State Guarantees to assist in
financing
industrial projects, PACE Projects, farmers, and agribusiness in the State, particularly for smaller firms; and that the
establishment of the Industrial Revenue Bond Insurance Fund and the exercise by
the Authority of the powers granted in
this Article will promote
economic development by widening the market for the Authority's revenue bonds, loans, PACE Projects, and State Guarantees.

(Source: P.A. 100-919, eff. 8-17-18.)