reglab/housing_qa huggingface dataset:
30 ILCS 750/9-4.2
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 9

 (from Ch. 127, par. 2709-4.2)Sec. 9-4.2. Illinois Capital Revolving Loan Fund.(a) There is hereby created the Illinois Capital  Revolving Loan Fund, hereafter referred to in this Article as the  "Capital Fund" to be held as a separate fund within the State  Treasury.The purpose of the Capital Fund is to finance intermediary agreements,  administration, technical assistance agreements,  loans, grants, or investments in Illinois.  In addition, funds may be  used  for a one time transfer in fiscal year 1994, not to exceed the amounts  appropriated, to the Public Infrastructure Construction Loan Revolving Fund for  grants and loans pursuant to the Public Infrastructure Loan and Grant Program  Act.  Investments, administration,  grants, and financial aid shall be used for the purposes set for in this  Article.  Loan financing will be in the  form of  loan agreements pursuant to the terms and conditions set  forth in this Article.  All loans shall be conditioned on the  project receiving financing from participating lenders or other investors.  Loan  proceeds shall be available for project costs, except for  debt refinancing.(b) There shall be deposited in the Capital Fund  such amounts, including but not limited to:(i) All receipts, including dividends, principal and     interest payments and royalties, from any applicable loan, intermediary, or technical assistance agreement made from the Capital Fund or from direct appropriations from the Build Illinois Bond Fund or the Build Illinois Purposes Fund (now abolished) or the General Revenue Fund by the General Assembly entered into by the Department;(ii) All proceeds of assets of whatever nature     received by the Department as a result of default or delinquency with respect to loan agreements made from the Capital Fund or from direct appropriations by the General Assembly, including proceeds from the sale, disposal, lease or rental of real or personal property which the Department may receive as a result thereof;(iii) Any appropriations, grants or gifts made to the     Capital Fund;(iv) Any income received from interest on investments     of moneys in the Capital Fund;(v) All moneys resulting from the collection of     premiums, fees, charges, costs, and expenses in connection with the Capital Fund as described in subsection (e) of Section 9-3.(c) The Treasurer may invest moneys in the Capital  Fund in securities constituting obligations of the United  States Government, or in obligations the principal of and  interest on which are guaranteed by the United States Government,  in obligations the principal of and interest on which  are guaranteed by the United States Government, or in certificates  of deposit of any State or national bank which are  fully secured by obligations guaranteed as to principal and  interest by the United States Government.  (Source: P.A. 100-377, eff. 8-25-17.)
30 ILCS 750/9-4.2a
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 9

Sec. 9-4.2a. Rural micro-business loans.(a) In order to increase the growth of small rural businesses, the rural micro-business loan program is created and shall be administered by the Department of Commerce and Economic Opportunity.  This program shall help small businesses that lack sufficient collateral or equity access funds at competitive terms to help create or retain jobs, modernize equipment or facilities, and maintain their competitiveness.(b) In the making of loans for rural micro-businesses,  as defined below, the Department is authorized to employ different criteria in lieu of the general provisions of subsections (b), (d), (e), (f), (h), and (i) of Section 9-4. The Department shall adopt rules for the administration of this program.For purposes of this Section, "rural micro-business" means a business that: (i) employs 5 or fewer full-time employees, including the owner if the owner is an employee, and (ii) is based on the production, processing, or marketing of agricultural products, forest products, cottage and craft products, or tourism.(c) The Department shall determine by rule the amount, term, interest rate, and allowable uses of loans awarded under this program, except that:(1) The loan shall not exceed $25,000 or 50% of the     business     project costs, unless the Director of the Department determines that a waiver of these limits is required to meet the purposes of this Act.(2) The loan shall only be made if the Department     determines that the number of jobs to be created or retained by the business is reasonable in relation to the loan funds requested.(3) The borrower shall provide a written statement of     the funds required to establish or support the business and shall provide equity capital in an amount equal to 10% of the first $10,000 of the required funds and equity capital, other loans, or leveraged capital, or any combination thereof, in an amount equal to 50% of any additional required funds.(4) The loan shall be in a principal amount and form     and     contain terms and provisions with respect to security, insurance, reporting, delinquency charges, default remedies, and other matters that the Department determines are appropriate to protect the public interest and are consistent with the purposes of this Section. The terms and provisions may be less than required for similar loans not covered by this Section.(5) The Department shall award no less than 80% of     the amount available for this program for loans to businesses that are located in counties with a population of 100,000 or less.  (Source: P.A. 94-392, eff. 8-1-05.)
30 ILCS 750/9-4.3
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 9

 (from Ch. 127, par. 2709-4.3)Sec. 9-4.3. Minority, veteran, female and disability loans.(a) In the making of loans for minority, veteran, female or disability  small businesses, as defined below, the Department is authorized to employ  different criteria in lieu of the general provisions of subsections (b),  (d), (e), (f), (h), and (i) of Section 9-4.Minority, veteran, female or disability small businesses, for the purpose of this  Section, shall be defined as small businesses that are, in the Department's  judgment, at least 51% owned and managed by one or more persons who are  minority or female or who have a disability or who are veterans.(b) Loans made pursuant to this Section:(1) Shall not exceed $400,000 or 50% of the business     project costs unless the Director of the Department determines that a waiver of these limits is required to meet the purposes of this Act.(2) Shall only be made if, in the Department's     judgment, the number of jobs to be created or retained is reasonable in relation to the loan funds requested.(3) Shall be protected by security.  Financial     assistance may be secured by first, second or subordinate mortgage positions on real or personal property, by royalty payments, by personal notes or guarantees, or by any other security satisfactory to the Department to secure repayment. Security valuation requirements, as determined by the Department, for the purposes of this Section, may be less than required for similar loans not covered by this Section, provided the applicants demonstrate adequate business experience, entrepreneurial training or combination thereof, as determined by the Department.(4) Shall be in such principal amount and form and     contain such terms and provisions with respect to security, insurance, reporting, delinquency charges, default remedies, and other matters as the Department shall determine appropriate to protect the public interest and consistent with the purposes of this Section.  The terms and provisions may be less than required for similar loans not covered by this Section. (Source: P.A. 99-143, eff. 7-27-15; 100-377, eff. 8-25-17.)
30 ILCS 750/9-4.4
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 9

Sec. 9-4.4.     Financial intermediary agreements.(a) The Department is authorized to exercise its powers and duties set forth  in this Article through various financial intermediary agreements to assist  young firms, including business start-ups and micro-enterprises; mature  firms,  including industrial expansions, modernizations, or environmental upgrades; and  other targeted credit disadvantaged firms identified by the Department.(b) A financial intermediary agreement may include, but is not limited to,  participation agreements in which the Department purchases an undivided  interest in an otherwise qualifying loan made by a participating lender; seed  financing or capitalization of revolving pools of money for lending or  investing in  third parties; financial aid for one or more credit enhancement pools of  political subdivisions of the State; or financial aid for loan loss reserve  accounts or certificates, provided the loss reserve accounts or certificates  are established pursuant to a trust indenture executed for that purpose by a  financial intermediary with a bank or trust company in the State of Illinois  designated by the State Treasurer having trust powers.    (Source: P.A. 88-422.)
30 ILCS 750/9-4.5
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 9

Sec. 9-4.5. (Repealed).        (Source: P.A. 88-670, eff. 12-2-94. Repealed by P.A. 100-621, eff. 7-20-18.)
30 ILCS 750/9-4.6
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 9

Sec. 9-4.6.     Financial intermediary applications.(a) Before implementing any financial intermediary program component, the  Department may establish rules including, but not limited to, application,  review, and approval procedures; form of documentation, servicing, and default  conditions; the disposition of any assets remaining, subsequent to or resulting  from an intermediary agreement; and procedures, forms, and manner or approval  of third party applications.(b) Applications for funds for financial intermediary agreements may  include, but shall not be limited to, history and mission of the applicant;  needs to be served, which shall be consistent with the purpose of this Article;  products, services, and results expected from the effort; staffing, management,  and operational procedures; and budget request and capitalization of the  effort.(c) The Department shall review the intermediary applications to determine  the viability of the applicant, the consistency of the proposed project with  the purposes of this Article, the economy benefits expected to be derived  therefrom, the prospects for continuation of the project after Departmental  assistance has been provided, and other issues that may be considered  necessary.(d) As a part of an intermediary agreement, the Department may provide for,  and the Department is authorized to rely upon, the financial intermediary to  undertake on behalf of the State the review and approval of the credit,  collateral security, and documentation; determination of eligibility; the  collection and use of fees, premiums, or charges; the organization, servicing,  and disbursement of financial assistance; and any other purposes and  activities that the Department determines to be reasonable, appropriate, and  consistent with the purposes of this Article.(e) The Department shall require as a condition of an intermediary agreement  that the financial intermediary cause to be prepared at least annual  transaction reports detailing the activities of the program including, the  number and type of firms and amount of financing provided.    (Source: P.A. 88-422; 88-670, eff. 12-2-94.)
30 ILCS 750/9-4.8
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 9

Sec. 9-4.8. State Small Business Credit Initiative Fund.(a) There is hereby created the State Small Business Credit Initiative Fund, also referred to in this Article as the "SSBCI Fund", as a special fund in the State treasury.The purpose of the SSBCI Fund is to finance intermediary agreements, administration, technical assistance agreements, loans, grants, or investments in Illinois.  Investments, administration grants, and financial aid shall be used for the purposes set forth in this Article. Loan financing shall be in the form of loan agreements pursuant to the terms and conditions set forth in this Article. All loans shall be conditioned on the project receiving financing from participating lenders or other investors.(b) The following amounts shall be deposited into the SSBCI Fund:(1) all receipts, including dividends, principal and     interest payments, and royalties, from any applicable loan, intermediary, or technical assistance agreement made from the SSBCI Fund or from direct appropriations from the Build Illinois Bond Fund or the General Revenue Fund by the General Assembly entered into by the Department;(2) all proceeds of assets of  whatever nature     received by the Department as a result of default or delinquency with respect to a loan agreement made from the SSBCI Fund or from direct appropriations by the General Assembly, including proceeds from the sale, disposal, lease, or rental of real or personal property that the Department may receive as a result thereof;(3) any appropriations, grants, or gifts made to the     SSBCI Fund;(4) any income received from interest on investments     of moneys in the SSBCI Fund;(5) all moneys resulting from the collection of     premiums, fees charges, costs, and expenses described in subsection (e) of Section 9-3.(c) The Treasurer may invest moneys in the SSBCI Fund in securities constituting obligations of the United States Government, or in obligations the principal of and interest on which are guaranteed by the United States Government, or in certificates of deposit of any State or national bank which are fully-secured by obligations guaranteed as to principal and interest by the United States Government.  (Source: P.A. 100-377, eff. 8-25-17.)
30 ILCS 750/9-5.2
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 9

 (from Ch. 127, par. 2709-5.2)Sec. 9-5.2. Illinois Equity   Fund.(a) There is created the Illinois Equity   Fund, to be held as a separate fund within the State Treasury.  The purpose of the Illinois Equity Fund is to make equity investments in  Illinois.  All financing will be done in conjunction with  participating lenders or other investors.  Investment proceeds  may be directed to working capital expenses associated with  the introduction of new technical products or services of individual business  projects or may be used for equity finance pools operated by intermediaries.(b) There shall be deposited in the Illinois Equity Fund  such amounts, including but not limited to:(i) All receipts including dividends, principal and     interest payments, royalties, or other return on investment from any applicable loan made from the Illinois Equity Fund, from direct appropriations by the General Assembly from the Build Illinois Fund or the Build Illinois Purposes Fund (now abolished), or from intermediary agreements made from the Illinois Equity Fund entered into by the Department;(ii) All proceeds of assets of whatever nature     received by the Department as a result of default or delinquency with respect to loan agreements made from the Illinois Equity Fund, or from direct appropriations by the General Assembly including proceeds from the sale, disposal, lease or rental of real or personal property which the Department may receive as a result thereof;(iii) any appropriations, grants or gifts made to the     Illinois Equity Fund;(iv) any income received from interest on investments     of moneys in the Illinois Equity Fund.(c) The Treasurer may invest moneys in the Illinois Equity  Fund in securities constituting direct obligations of the  United States Government, or in obligations the principal of  and interest on which are guaranteed by the United States  Government, or in certificates of deposit of any State or  national bank which are fully secured by obligations guaranteed  as to principal and interest by the United States Government.  (Source: P.A. 99-933, eff. 1-27-17.)
30 ILCS 750/9-5.3
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 9

Sec. 9-5.3.     Equity intermediary agreements.(a) The Department is authorized to exercise its powers and  duties set forth  in this Article through equity intermediary agreements to assist young, high  risk, technology based firms, including business start-ups.(b) An equity intermediary agreement may include seed financing or  capitalization of one or more equity investment pools managed by a financial  intermediary, provided that the assistance is used for investing in third  parties.(c) The Department is authorized to rely upon the financial intermediary to  determine the portion of the equity investment requirements of the third party  recipient to be financed and upon the documentation and analysis standards of  the  intermediary instead of the requirements of subsection (b) of Section 9-5.1,  provided  that other organizations have contributed substantially to the capitalization  of the equity pool.    (Source: P.A. 88-422.)
30 ILCS 750/9-6
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 9

 (from Ch. 127, par. 2709-6)Sec. 9-6.     Technical Assistance Grants.     Any grant made pursuant to this  Article shall:(a) Be made only if a recipient not-for-profit organization also provides a  portion of the financing with respect to the technical assistance project.  The  participating not-for-profit organization's financing may be in the form of  cash or in-kind services or any other form approved by the Department;(b) Be made only if the Department determines, on the basis of all  information available to it, that the technical assistance project would not be  undertaken unless the grant is provided;(c) Be made only after the Department has made a determination that the  grant will cause a technical assistance project to be undertaken which has the  potential to improve the capital marketplace structure or to reduce information  barriers that are impediments to the flow of capital.    (Source: P.A. 88-422.)
30 ILCS 750/9-6.1
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 9

 (from Ch. 127, par. 2709-6.1)Sec. 9-6.1.     Applications for grants.(a) All applications for grants to not-for-profit organizations shall be submitted to the Department on forms prescribed by the Department.  The  Department shall conduct such investigation and obtain such  information concerning the application as it deems  necessary and diligent.(b) Each application shall at minimum address the proposed work plans,  timelines, objectives, and results of the project, the persons responsible for  administering the effort, the costs of completing the proposed effort, and  other documentation that may be necessary.(c) After conducting the investigation and after such  other action as is deemed appropriate, including determination that a  not-for-profit organization's proposed project is in compliance with the  provisions of this Article and subsection, the Department shall  approve or deny the application.  If the Department approves  the application, its approval shall specify the amount of  grants to be provided by the Department.  The applicant shall be promptly notified of  such action by the Department.(d) The Department shall establish reporting mechanisms and other  informational requirements of the participants to track performance of eligible  grant  activities, report actual operating expenses, and provide a narrative report of  eligible grant activities and accomplishments.    (Source: P.A. 88-422.)
30 ILCS 750/9-7
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 9

 (from Ch. 127, par. 2709-7)Sec. 9-7.     Hold Harmless.     Nothing in this Article  shall be construed as creating any rights of a competitor of  an approved borrower or any applicant whose application is  denied by the Department to challenge any application which  is accepted by the Department and any loan or other agreement  executed in connection therewith.    (Source: P.A. 84-109.)
30 ILCS 750/9-8
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 9

 (from Ch. 127, par. 2709-8)Sec. 9-8.     Confidentiality.     Any documentary  materials or data made or received by any member, agent or  employee of the Department, to the extent that such material  or data consists of trade secrets, commercial, or financial  information regarding the operation of any enterprise  conducted by an applicant for, or a recipient of, any form  of assistance which the Department is empowered to render  under this Article, or  regarding the competitive position of  such enterprise in a particular field of endeavor, shall be  deemed to be confidential and shall not be deemed public  records; provided, however, that if the Department purchases  a qualified security from such enterprise, the commercial  and financial information, excluding trade secrets, shall be  deemed to become a public record of the Department after the  expiration of three years from the later of the date of purchase of such  qualified security or the date of receipt of such information by the  Department to the extent that such information is available to  the holder of such qualified security.    (Source: P.A. 88-422.)
30 ILCS 750/9-9
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 9

 (from Ch. 127, par. 2709-9)Sec. 9-9.     Annual Report.     On January 1 of  each year, the Department shall report on its operations of  the Illinois Capital Revolving Loan Fund and the Illinois  Equity Fund for the preceding fiscal year to the Governor  and the General Assembly.    (Source: P.A. 84-109.)