(20 ILCS 3820/70)
Community development loans.
(a) CDFIs that receive loans from the Authority under Section 65
of this Act shall make and use community development loans pursuant
to guidelines established by the Authority and in a manner consistent
with the federal Community Development Banking and Financial
Institutions Act of 1994 (Public Law 103-325). The guidelines shall
include criteria for the approval of a portfolio of loans submitted by
(b) In connection with community development loans under this
Section, the recipient of a loan must provide certification to the Authority
that the recipient does not have any outstanding debts in the
form of delinquent real estate taxes or utility bills that are
more than one year outstanding.
(Source: P.A. 92-864, eff. 6-1-03.)