Illinois § 830-15
Full text of Illinois Illinois Compiled Statutes § 830-15, with citation guidance and answers to common questions.
§ 830-15.
Interest-buy-back program. (a) The Authority may establish an interest-buy-back program to subsidize the interest cost on certain loans to Illinois farmers. (b) To be eligible an applicant must (i) be a resident of Illinois; (ii) be a principal operator of a farm or land; (iii) derive at least 50% of annual gross income from farming; and (iv) have a net worth of at least $10,000. The Authority shall establish minimum and maximum financial requirements, maximum payment amounts, starting and ending dates for the program, and other criteria. (c) Lenders may apply on behalf of eligible applicants on forms provided by the Authority. Lenders may submit requests for payment on forms provided by the Authority. Lenders and applicants shall be responsible for any fees or charges the Authority may require. (d) The Authority shall make payments to lenders from available appropriations from the General Revenue Fund. (Source: P.A. 98-90, eff. 7-15-13.)
Frequently Asked Questions About Illinois § 830-15
What does Illinois Compiled Statutes § 830-15 cover?
Section 830-15 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 830-15?
A common citation format is "Illinois Compiled Statutes § 830-15" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 830-15 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.