§ 14. Insolvency of the Guarantee Fund. If the guarantee fund becomes depleted and payments of guarantees under the program
cannot be made in a timely fashion as required by the program guidelines, the governing
commission may temporarily suspend the registration of new members and borrow funds
against future tax revenues until such time as the guarantee fund is sufficiently
restored. Under no circumstances shall the indebtedness or obligations of a program or a governing
commission become an indebtedness or obligation of either the municipality in which
the program is located or the State of Illinois.
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