TITLE 23: EDUCATION AND CULTURAL RESOURCES
SUBTITLE A: EDUCATION
CHAPTER XIX: ILLINOIS STUDENT ASSISTANCE COMMISSION
PART 2790 LIMITATION, SUSPENSION AND TERMINATION (L,S&T) PROCEEDINGS
SECTION 2790.90 LIMITATION


 

Section 2790.90  Limitation

 

A limitation may include, as appropriate to the program in question:

 

a)         a limit on the number or percentage of students enrolled in an educational institution who may receive ISAC administered funds;

 

b)         a limit on the guaranteed loans that a lending institution may make, purchase or hold;

 

c)         a requirement that an institution obtain and continue to hold in force and effect a bond, in a specified amount, to assure its ability to meet its financial obligations to students who receive ISAC funds; or

 

d)         such other conditions as may be determined to be reasonable and appropriate.

 

(Source:  Amended at 21 Ill. Reg. 11148, effective July 18, 1997)