Definitions

Section 640 Section 640.20  Definitions "Act" - The Rural Diversification Act (Ill. Rev. Stat. 1989, ch. 5, pars. 2251 et seq.). "Application" - A request for program funds, including the required statistical and narrative information and attachments. "Department" - The Illinois Department of Commerce and Community Affairs. "Financing" - Direct loans at market or below market rate interest provided to or on behalf of rural businesses or agribusinesses for purposes of rural diversification. "Program" - The Rural Diversification Loan Program. "Recipient" - Any eligible applicant receiving funds under this program.