Section 750.20  Treasurer's Authority to Make and Continue Contracts and Agreements

To provide for administration of the Home Ownership Made Easy Act of 1989, as amended ("H.O.M.E." or the "Program"), the Treasurer may enter into such contracts as may be necessary:

a)         When:

1)         It is more cost efficient;

2)         Services are not provided by other State agencies;

3)         It results in lower costs or higher effectiveness or quality of services or responsiveness.

b)         Such contracts include, but are not limited to, contracts for the administration and distribution of investment options by third parties and for investment advisory and transfer agency services to be performed by third parties.

(Source:  Amended at 22 Ill. Reg. 15631, effective August 24, 1998)