47 Ill. Adm. Code 300.106
Standards
Section 300.106 Standards
In administering the Program, the Authority and the Staff,
in those instances permitting the exercise of discretion, shall consider, in
addition to the criteria specifically set forth in this Part,
the following factors:
a) the purpose of the
Program;
b) the
financial condition and previous lending experience of potential and
participating Lenders and Servicers;
c) to
the extent the Program is financed through the issuance of Bonds, the Authority's
ability to purchase or redeem the Bonds or to retire Bonds at their maturity
and to comply with the requirements of any applicable resolution or indenture
of the Authority and applicable State and federal law;
d) the financial integrity
of the Program;
e) the
desirability of achieving a reasonable geographic distribution of Program Funds
throughout the State; and
f) the standards of the
prudent lender or investor.