Ill. Admin. Code tit. 92, § 5.10 - Program Overview
a)
Section 2705-610 of the Department of Transportation Law of the Civil
Administrative Code of Illinois (Law) [20
ILCS 2705/2705-610 ] establishes a low-interest loan
program for disadvantaged business enterprises (DBEs) certified by the
Department for participation on Department -procured construction and
construction-related contracts. (Section 2705-610(c) of the Law.) The
Department is authorized to provide forassistance to DBEs with project
financing costs for those firms that are ready, willing, and able to
participate on Departmentconstruction contracts. The Department 's disparity
study recommends and supports a financing program to address this barrier faced
by DBEs. (Section 2705-610(a) of the Law)
b) The funds for this program are
appropriated annually by the Illinois General Assembly from the Working Capital
Revolving Loan Fund established as a special fund in the State treasury.
(Section 2705-610(d) of the Law )
Notes
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