(310 ILCS 55/8)
(from Ch. 67 1/2, par. 1108)
Rules and regulations.
The State Treasurer shall adopt rules
and regulations he deems necessary for the efficient administration of the
Program. The rules shall provide that the expenses of administering the
Program created in Section 3 shall be paid from the earnings of the
investments made by the
Treasurer under Section 5, from the proceeds from the sale of HOME Bonds
under Section 6 and the earnings thereon, from penalties imposed under
paragraph (3) of subsection (c) of Section 5, from amounts appropriated
therefor by the General Assembly, or any combination thereof.
The rules shall provide that the administrative cost for supervising the
Program created by Section 3.1 shall be paid from amounts appropriated by
the General Assembly.
(Source: P.A. 86-773; 87-1206.)