# 23 Ill. Adm. Code 2500.100: Section 2500.100 Debt

> Illinois · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_100

## Section

- **Citation:** 23 Ill. Adm. Code 2500.100
- **Heading:** Section 2500.100 Debt
- **Jurisdiction:** Illinois
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Illinois Administrative Code / Title 23 EDUCATION AND CULTURAL RESOURCES / CHAPTER XVI: TREASURER / Part 2500 COLLEGE SAVINGS POOL / Section 2500.100 Debt

## Text

Section 2500
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.

## Nearby sections

- [23 Ill. Adm. Code 2500.10 Section 2500.10  Purpose](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_10.md)
- [23 Ill. Adm. Code 2500.20 Section 2500.20  Definition of Terms](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_20.md)
- [23 Ill. Adm. Code 2500.30 Section 2500.30  Application Process](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_30.md)
- [23 Ill. Adm. Code 2500.40 Section 2500.40  Program Administration](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_40.md)
- [23 Ill. Adm. Code 2500.50 Section 2500.50  Investment Policy](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_50.md)
- [23 Ill. Adm. Code 2500.60 Section 2500.60  Contributions](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_60.md)
- [23 Ill. Adm. Code 2500.70 Section 2500.70  Distributions](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_70.md)
- [23 Ill. Adm. Code 2500.80 Section 2500.80  Administrative Fees, Costs, and Expenses](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_80.md)
- [23 Ill. Adm. Code 2500.90 Section 2500.90  Account Limits](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_90.md)
- [23 Ill. Adm. Code 2500.100 Section 2500.100  Debt](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_100.md)
- [23 Ill. Adm. Code 2500.110 Section 2500.110  Program Documents](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_110.md)
- [23 Ill. Adm. Code 2500.120 Section 2500.120  Private Contractors (Repealed)](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_120.md)
- [23 Ill. Adm. Code 2500.130 Section 2500.130  Amendment of Rules (Repealed)](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_130.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T23_P2500_S2500_100. Check the current official text before relying on it. Not legal advice.