(20 ILCS 3501/830-40)
Cooperative agreement with the University of Illinois.
(a) The Authority may enter into a cooperative agreement with the University
Illinois whereby the University's College of Agriculture, or a department
thereof, shall assess and evaluate the need for additional, and the
performance of existing, State credit and finance programs administered by the
Authority for farmers and agribusinesses. Pursuant to the cooperative
agreement, the Authority may request from the University an evaluation of
financial positions and lending risks of existing farm operations and existing
and developing agricultural industries, an assessment and evaluation of the
design, operation and performance of existing and proposed credit programs, an
assessment of potential for development of agricultural industry, an assessment
of the performance of credit markets and development of improved State credit
instruments and programs, and any other information deemed necessary by the
Authority to carry forth its credit and finance programs.
(b) A cooperative agreement entered into by the Authority and the University
may provide for payment for services rendered by the University pursuant to the
cooperative agreement from interest earnings remaining in the Illinois
Agricultural Loan Guarantee Fund, as provided for in
Section 830-30 of this Act,
and the Illinois Farmer and Agribusiness Loan Guarantee Fund, as provided for
Section 830-40 of this Act.
(Source: P.A. 93-205, eff. 1-1-04.)