(805 ILCS 35/4) (from Ch. 32, par. 1004)
Sec. 4.
The purposes of a development credit corporation shall be limited
to those provided in this Section and shall be to promote, stimulate,
develop and advance the business prosperity and economic welfare of the
State of Illinois and its citizens; to encourage and assist, when usual,
customary credit is not available, through loans, investments, or other
business transactions, the location of new business and industry in the
State; to rehabilitate and assist existing business and industry in this
State; to stimulate and assist in the expansion of any kind of business
activity which would tend to promote business development and maintain the
economic stability of this State, provide maximum opportunities for
employment and improve the standard of living of the citizens of this
State; to cooperate and act in conjunction with other organizations, public
or private, in the promotion and advancement of industrial, commercial,
agricultural, and recreational development in this State; and to provide
financing for the promotion, development, and conduct of all kinds of
business activity in this State.
(Source: Laws 1965, p. 577.)
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