15 ILCS 516/30-5

(15 ILCS 516/30-5)

Sec. 30-5. Policy. The General Assembly finds that it is vital for the State to invest in community economic development, particularly in communities which have been historically excluded from investment opportunities due to redlining, discriminatory banking practices, and racism. The purpose of this Act is to establish a Program for guaranteeing small business loans and consumer loans to borrowers who would otherwise not qualify in communities of color and low-income communities.

(Source: P.A. 101-657, eff. 3-23-21.)