TITLE 23: EDUCATION AND CULTURAL RESOURCES
CHAPTER XVI: TREASURER PART 2500 COLLEGE SAVINGS POOL SECTION 2500.100 DEBT
Section 2500.100 Debt
a) The Pool may not incur any indebtedness. The interests of the account owners and the designated beneficiaries shall not be treated as indebtedness under this Section.
b) No interest in the Pool, or any portion of the Pool, may be used as security for a loan.
(Source: Amended at 45 Ill. Reg. 2052, effective January 29, 2021) |