(110 ILCS 920/2) (from Ch. 144, par. 2402)
Sec. 2.
Declaration of Purpose.
It is declared that
for the benefit of the people of the State of Illinois, the conduct and
increase of their commerce, the protection and enhancement of their
welfare, the development of continued prosperity and the improvement of
their health and living conditions, it is essential that this and future
generations of youth be given the fullest opportunity to learn and to
develop their intellectual and mental capacities and skills; that to
achieve these ends it is of the utmost importance that Illinois residents
be provided with investment alternatives to enhance their financial access
to Institutions of Higher Education. It is the intent of this Act
to provide to the State of Illinois an alternative low cost method of
borrowing for the purposes authorized in the General Obligation Bond Act
and to encourage enrollment in Institutions of Higher Education located in
the State of Illinois, all in execution of the public policy set forth above.
(Source: P.A. 85-939.)
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