Illinois Compiled Statutes 20 ILCS 505/22.4 – Low-interest loans for child care facilities; Department of Human …
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Low-interest loans for child care facilities; Department of Human Services. The Department of Human Services may establish, with financing to be provided through the issuance of bonds by the Illinois Finance Authority pursuant to the Illinois Finance Authority Act, a low-interest loan program to help child care centers and family day care homes accomplish the following:
(a) establish a child care program;
(b) meet federal, State and local child care
(a) establish a child care program;
Terms Used In Illinois Compiled Statutes 20 ILCS 505/22.4
- State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
(b) meet federal, State and local child care
standards as well as any applicable health and safety standards; or
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(c) build facilities or renovate or expand existing
facilities.
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Such loans shall be available only to child care centers and family day care homes serving children of low income families.