{"data":{"id":"us-il/20-ilcs-3820-50","jurisdiction":"us-il","citation":"20 ILCS 3820/50","heading":"Accreditation.","body":"(a) A CDFI must be accredited by the Authority in order to receive assistance from the Authority, unless otherwise specified in this Act. The Authority may revoke accreditation from a CDFI that no longer meets the Authority's accreditation criteria. Accreditation of a CDFI under this Act does not, in and of itself, qualify the CDFI to participate in a financing program administered by the Authority.\n(b) Authority criteria for accreditation must include certification under the federal Community Development Banking and Financial Institutions Act of 1994 (Public Law 103-325) and any other criteria that the Authority deems appropriate.\n(c) The Authority shall accredit CDFIs in a manner to ensure the use of CDFIs in all geographic regions of this State to the greatest extent possible.","path":["CHAPTER 20 EXECUTIVE BRANCH","Illinois Investment and Development Authority Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2443\u0026ChapterID=5\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:15Z","sha256":"cb7ee3c9a2e09909ccd4e955c61ba8d5ad92eb3d0d601a5a5b16e4c424bc6772","source_id":"us-il","stale":false,"prev":"us-il/20-ilcs-3820-45","next":"us-il/20-ilcs-3820-55"},"notice":"GroundRules: Original legal text. Not legal advice."}