TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER V: DEPARTMENT OF FINANCIAL INSTITUTIONS
PART 195 ILLINOIS DEVELOPMENT CREDIT CORPORATION ACT
SECTION 195.160 STATE FUNDS
Section 195.160 State Funds
The Board of Directors of a development credit corporation may accept grants or loans from, or sell non-voting stock to, a State agency but such agency will not become a voting stock holder or member of the corporation. The Director of the Department of Commerce and Community Affairs or its successor shall be given advance notice of all meetings of the Board of Directors for the purpose of suggesting prospects deserving financial help consistent with the purpose of the Act.