Section 1100.570  Loan Monitoring and Recovery

The Authority retains the right to rescind program loans and require the immediate repayment of loans already disbursed if it finds that the municipality or other project participant is misusing program funds or is not complying with the terms of these regulations, the loan agreement, or applicable law, all as provided in the loan agreement.

(Source:  Recodified from 14 Ill. Adm. Code 1210.430 at 31 Ill. Reg. 12104)