§ 35.199  EDUCATIONAL LOAN DEFAULT ACT.
   Village employees are subject to the provisions of the Educational Loan Default Act (5 ILCS 385). The Act states, in pertinent part, that any employee in default on any educational loan for a period of six months or more and in an amount of $600 or more must, as a condition of employment, make satisfactory arrangements to repay the loan. Failure to make satisfactory arrangements within six months of the first day of employment will result in termination of employment.
(Ord. 12-38, passed 10-9-12)