Illinois Disclosure Regimes
| State | Year of Disclosure Law | Specific Subsidy Program Affected by Law (*Means Update to Earlier Law) |
Disclosure Law | State Statute | Excerpt | Subsidies in Sample? (Y/N) | Internal Disclosure? (Y/N) | External Disclosure? (Y/N) |
|---|---|---|---|---|---|---|---|---|
| Illinois | 2019 | Illinois Small Business Fund | Sec. 605-1055 | Sec. 605-1055. The Illinois Small Business Fund. The Illinois Small Business Fund is created as a nonappropriated separate and apart trust fund in the State Treasury. The Department shall use moneys in the Fund to manage proceeds that result from investments that the Department has undertaken through economic development programs, including, but not limited to, the Department’s Venture Capital Investment Program. The Department may use moneys collected to reinvest in small business and economic development initiatives through grants or loans. The Fund may receive any grants or other moneys designated for small business growth from the State, or any unit of federal or local government, or any other person, firm, partnership, or corporation. Any interest earnings that are attributable to moneys in the Fund must be deposited into the Fund. Sec. 5-70. Annual report. On or before July 1 each year, the Department shall submit a report on the tax credit program under this Act to the Governor and the General Assembly. The report shall include information on the number of Agreements that were entered into under this Act during the preceding calendar year, a description of the project that is the subject of each Agreement, an update on the status of projects under Agreements entered into before the preceding calendar year, and the sum of the Credits awarded under this Act. A copy of the report shall be delivered to the Governor and to each member of the General Assembly. The report must include, for each Agreement: (1) the original estimates of the value of the Credit and the number of new jobs to be created and, if applicable, the number of retained jobs; (2) any relevant modifications to existing Agreements; (3) a statement of the progress made by each Taxpayer in meeting the terms of the original Agreement; (4) a statement of wages paid to New Employees and, if applicable, retained employees in the State; (5) any information reported under Section 5-57 of this Act; and (6) a copy of the original Agreement or a link to the Agreement on the Department’s website. |
N | Y | Y | |
| Illinois | 2019 | Coronavirus Business Interruption Grant Program | FY2021 Budget Implementation Act, 2019 Ill. HB 357 | Sec. 605-1050. Coronavirus Business Interruption Grant Program (or BIG Program). (a) Purpose. The Department may receive, directly or indirectly, federal funds under the authority of legislation passed in response to the Coronavirus epidemic including, but not limited to, the Coronavirus Aid, Relief, and Economic Security Act, P.L. 116-136 (the “CARES Act”). Section 5001 of the CARES Act establishes the Coronavirus Relief Fund, which authorizes the State to expend funds that are necessary to respond to the COVID-19 public health emergency. The financial support of Qualifying Businesses is a necessary expense under federal guidance for implementing Section 5001 of the CARES Act. Upon receipt or availability of such funds, and subject to appropriations for their use, the Department shall administer a program to provide financial assistance to Qualifying Businesses that have experienced interruption of business or other adverse conditions attributable to the COVID-19 public health emergency. Support may be provided directly by the Department to businesses and organizations or in cooperation with a Qualified Partner. Financial assistance may include, but not be limited to grants, expense reimbursements, or subsidies. [...] Sec. 20. Legislative Budget Oversight Commission. (a) The General Assembly hereby finds and declares that the State is confronted with an unprecedented fiscal crisis. In light of this crisis, and the challenges it presents for the budgeting process, the General Assembly hereby establishes the Legislative Budget Oversight Commission. The purpose of the Commission is: to monitor budget management actions taken by the Office of the Governor or Governor’s Office of Management and Budget; and to oversee the distribution and expenditure of federal financial relief for State and local governments related to the COVID-19 pandemic. (b) At the request of the Commission, units of local governments shall report to the Commission on the status and distribution of federal CARES money and any other federal financial relief related to the COVID-19 pandemic. (c) In anticipation of constantly changing and unpredictable economic circumstances, the Commission will provide a means for the Governor’s Office and the General Assembly to maintain open communication about necessary budget management actions during these unprecedented times. Beginning August 15, 2020, the Governor’s Office of Management and Budget shall submit a monthly written report to the Commission reporting any budget management actions taken by the Office of the Governor, Governor’s Office of Management and Budget, or any State agency. On a quarterly basis, the Governor or his or her designee shall give a report to the Commission. The report shall be given either in person or by telephonic or videoconferencing means. The report shall include: (1) any budget management actions taken by the Office of the Governor, Governor’s Office of Management and Budget, or any agency or board under the Office of the Governor in the prior quarter; (2) year-to-date revenues as compared to anticipated revenues; and (3) year-to-date expenditures as compared to the Fiscal Year 2021 budget as enacted. (d) The Legislative Budget Oversight Commission shall consist of the following members: (1) 7 members of the House of Representatives appointed by the Speaker of the House of Representatives; (2) 7 members of the Senate appointed by the Senate President; (3) 4 members of the House of Representatives appointed by the Minority Leader of the House of Representatives; and (4) 4 members of the Senate appointed by the Senate Minority Leader. (e) The Speaker of the House of Representatives and the Senate President shall each appoint one member of the Commission to serve as a co-chair. The members of the Commission shall serve without compensation. (f) As used in this Section: “Budget management action” means any transfer between appropriation lines exceeding 2%, fund transfer, designation of appropriation lines as reserve, or any other discretionary action taken with regard to the Fiscal Year 2021 budget as enacted; “State agency” means all officers, boards, commissions, departments, and agencies created by the Constitution, by law, by Executive Order, or by order of the Governor in the Executive Branch, other than the Offices of the Attorney General, Secretary of State, Comptroller, or Treasurer. (g) This Section is repealed July 1, 2021. |
N | Y | Y | |
| Illinois | 2019 | 21st Century Employment grant program | 2019 Ill. SB 1919 | Sec. 2-26. 21st Century Employment grant program. (a) Subject to appropriation, the State Board shall establish and administer a 21st Century Employment grant program. To qualify for a grant, a community college district and a public high school located in that district must jointly establish a collaborative regional partnership with workforce development organizations, including community-based organizations with a vested interest in the workforce, regional economic development organizations, and economic development officials in the district, along with manufacturers, healthcare service providers, and innovative technology businesses that have a presence in the district, to provide a manufacturing training program. A grant recipient must provide the State Board with a plan that meets all of the following requirements: [...](c) The advisory board established under subsection (b) shall have all of the following duties: (1) To review the progress made by each grant recipient, including, but not limited to, the gainful-employment success rate, how many students remain employed for how long, and how many students went on to receive higher manufacturing certificates. (2) To review how many students went on to complete a paid internship or apprenticeship upon graduation. (3) To compile a list of programs offered by each community college or high school. (4) To analyze whether the certificates are closing the gap in education for the current needs of the labor force, and to offer suggestions on how to close the gap if one still exists. (5) To suggest certificates that could help future employers looking to locate in this State. (6) To offer guidelines for the types of certificates that a community college or high school should pursue. (7) To offer possible rules to the State Board that the grant process should follow. (d) The State Board may adopt any rules necessary for the purposes of this Section. |
N | N | Y | |
| Illinois | 2019 | Data center investments | 2019 Ill. SB 690 | Sec. 605-1025. Data center investment. (a) The Department shall issue certificates of exemption from the Retailers’ Occupation Tax Act, the Use Tax Act, the Service Use Tax Act, and the Service Occupation Tax Act, all locally-imposed retailers’ occupation taxes administered and collected by the Department, the Chicago non-titled Use Tax, the Electricity Excise Tax Act, and a credit certification against the taxes imposed under subsections (a) and (b) of Section 201 of the Illinois Income Tax Act to qualifying Illinois data centers. (b) For taxable years beginning on or after January 1, 2019, the Department shall award credits against the taxes imposed under subsections (a) and (b) of Section 201 of the Illinois Income Tax Act as provided in Section 229 of the Illinois Income Tax Act. (c) For purposes of this Section: “Data center” means a facility: (1) whose primary services are the storage, management, and processing of digital data; and (2) that is used to house (i) computer and network systems, including associated components such as servers, network equipment and appliances, telecommunications, and data storage systems, (ii) systems for monitoring and managing infrastructure performance, (iii) Internet-related equipment and services, (iv) data communications connections, (v) environmental controls, (vi) fire protection systems, and (vii) security systems and services. [...] (d) New and existing data centers seeking a certificate of exemption for new or existing facilities shall apply to the Department in the manner specified by the Department. The Department shall determine the duration of the certificate of exemption awarded under this Act. The duration of the certificate of exemption may not exceed 20 calendar years. The Department and any data center seeking the exemption, including a data center operator on behalf of itself and its tenants, must enter into a memorandum of understanding that at a minimum provides: (1) the details for determining the amount of capital investment to be made; (2) the number of new jobs created; (3) the timeline for achieving the capital investment and new job goals; (4) the repayment obligation should those goals not be achieved and any conditions under which repayment by the qualifying data center or data center tenant claiming the exemption will be required; (5) the duration of the exemption; and (6) other provisions as deemed necessary by the Department. (e) Beginning July 1, 2021, and each year thereafter, the Department shall annually report to the Governor and the General Assembly on the outcomes and effectiveness of this amendatory Act of the 101st General Assembly that shall include the following: (1) the name of each recipient business; (2) the location of the project; (3) the estimated value of the credit; (4) the number of new jobs and, if applicable, retained jobs pledged as a result of the project; and (5) whether or not the project is located in an underserved area. |
N | N | Y | |
| Illinois | 2019 | Blue Collar Jobs Act | Blue Collar Jobs Act, 2019 Ill. SB 689 | ARTICLE 20. BLUE COLLAR JOBS ACT Section 20-1. This Act may be referred to as the Blue Collar Jobs Act. Section 20-5. The Illinois Enterprise Zone Act is amended by changing Section 20 ILCS 655/5.5 and by adding Section 20 ILCS 655/13 as follows: (20 ILCS 655/5.5) (from Ch. 67 1/2, par. 609.1) Sec. 5.5. High Impact Business. [...] (b-7) Beginning on January 1, 2021, businesses designated as High Impact Businesses by the Department shall qualify for the High Impact Business construction jobs credit under subsection (h-5) of Section 201 of the Illinois Income Tax Act if the business meets the criteria set forth in subsection (i) of this Section. The total aggregate amount of credits awarded under the Blue Collar Jobs Act (Article 20 of this amendatory Act of the 101st General Assembly) shall not exceed $20,000,000 in any State fiscal year. [...] (i) High Impact Business construction jobs credit. Beginning on January 1, 2021, a High Impact Business may receive a tax credit against the tax imposed under subsections (a) and (b) of Section 201 of the Illinois Income Tax Act in an amount equal to 50% of the amount of the incremental income tax attributable to High Impact Business construction jobs credit employees employed in the course of completing a High Impact Business construction jobs project. However, the High Impact Business construction jobs credit may equal 75% of the amount of the incremental income tax attributable to High Impact Business construction jobs credit employees if the High Impact Business construction jobs credit project is located in an underserved area. The Department shall certify to the Department of Revenue: (1) the identity of taxpayers that are eligible for the High Impact Business construction jobs credit; and (2) the amount of High Impact Business construction jobs credits that are claimed pursuant to subsection (h-5) of Section 201 of the Illinois Income Tax Act in each taxable year. Any business entity that receives a High Impact Business construction jobs credit shall maintain a certified payroll pursuant to subsection (j) of this Section. [...] (j) Each contractor and subcontractor who is engaged in and executing a High Impact Business Construction jobs project, as defined under subsection (i) of this Section, for a business that is entitled to a credit pursuant to subsection (i) of this Section shall: (1) make and keep, for a period of 5 years from the date of the last payment made on or after the effective date of this amendatory Act of the 101st General Assembly on a contract or subcontract for a High Impact Business Construction Jobs Project, records for all laborers and other workers employed by the contractor or subcontractor on the project; the records shall include: [...] Sec. 13. Enterprise Zone construction jobs credit. (a) Beginning on January 1, 2021, a business entity in a certified Enterprise Zone that makes a capital investment of at least $10,000,000 in an Enterprise Zone construction jobs project may receive an Enterprise Zone construction jobs credit against the tax imposed under subsections (a) and (b) of Section 201 of the Illinois Income Tax Act in an amount equal to 50% of the amount of the incremental income tax attributable to Enterprise Zone construction jobs credit employees employed in the course of completing an Enterprise Zone construction jobs project. However, the Enterprise Zone construction jobs credit may equal 75% of the amount of the incremental income tax attributable to Enterprise Zone construction jobs credit employees if the project is located in an underserved area. (b) A business entity seeking a credit under this Section must submit an application to the Department and must receive approval from the designating municipality or county and the Department for the Enterprise Zone construction jobs credit project. The application must describe the nature and benefit of the project to the certified Enterprise Zone and its potential contributors. The total aggregate amount of credits awarded under the Blue Collar Jobs Act (Article 20 of this amendatory Act of the 101st General Assembly) shall not exceed $20,000,000 in any State fiscal year. |
N | N | Y | |
| Illinois | 2019 | General Accountability LAw | 2019 Ill. HB 2266 | Sec. 20 | Sec. 20. Annual report. The Comptroller shall annually, as soon as possible after the close of the fiscal year but no later than December 31, make available on the Comptroller’s website a report, showing the amount of warrants drawn on the treasury, on other funds held by the State Treasurer and on any public funds held by State agencies, during the preceding fiscal year, and stating, particularly, on what account they were drawn, and if drawn on the contingent fund, to whom and for what they were issued. He or she shall, also, at the same time, report the amount of money received into the treasury, into other funds held by the State Treasurer and into any other funds held by State agencies during the preceding fiscal year, and also a general account of all the business of his office during the preceding fiscal year. The report shall also summarize for the previous fiscal year the information required under Section 19. Within 60 days after the expiration of each calendar year, the Comptroller shall compile, from records maintained and available in his office, a list of all persons including those employed in the Office of the Comptroller, who have been employed by the State during the past calendar year and paid from funds in the hands of the State Treasurer. |
N | Y | N |
| Illinois | 2019 | Lifting Up Illinois Working Families Act | Lifting Up Illinois Working Families Act, 2019 Ill. SB 1 | Section 1. This Act may be referred to as the Lifting Up Illinois Working Families Act.Sec. 704A. Employer’s return and payment of tax withheld. (a) In general, every employer who deducts and withholds or is required to deduct and withhold tax under this Act on or after January 1, 2008 shall make those payments and returns as provided in this Section. [...](i) Each employer with 50 or fewer full-time equivalent employees during the reporting period may claim a credit against the payments due under this Section for each qualified employee in an amount equal to the maximum credit allowable. The credit may be taken against payments due for reporting periods that begin on or after January 1, 2020, and end on or before December 31, 2027. An employer may not claim a credit for an employee who has worked fewer than 90 consecutive days immediately preceding the reporting period; however, such credits may accrue during that 90-day period and be claimed against payments under this Section for future reporting periods after the employee has worked for the employer at least 90 consecutive days. In no event may the credit exceed the employer’s liability for the reporting period. Each employer who deducts and withholds or is required to deduct and withhold tax under this Act and who retains income tax withholdings under this subsection must make a return with respect to such taxes and retained amounts in the form and manner that the Department, by rule, requires and pay to the Department or to a depositary designated by the Department those withheld taxes not retained by the employer. For each reporting period, the employer may not claim a credit or credits for more employees than the number of employees making less than the minimum or reduced wage for the current calendar year during the last reporting period of the preceding calendar year. Notwithstanding any other provision of this subsection, an employer shall not be eligible for credits for a reporting period unless the average wage paid by the employer per employee for all employees making less than $55,000 during the reporting period is greater than the average wage paid by the employer per employee for all employees making less than $55,000 during the same reporting period of the prior calendar year. |
N | N | Y | |
| Illinois | 2017 | Business Enterprise for Minorities, Women, and Persons with Disabilities Act | 2017 Ill. SB 262 | Sec. 0.01. Short title. This Act may be cited as the Business Enterprise for Minorities, Women, and Persons with Disabilities Act Sec. 8g. Business Enterprise Program Council reports. (a) The Department of Central Management Services shall provide a report to the Council identifying all State agency non-construction solicitations that exceed $20,000,000 and that have less than a 20% established goal prior to publication. (b) The Department of Central Management Services shall provide a report to the Council identifying all State agency non-construction awards that exceed $20,000,000. The report shall contain the following: (i) the name of the awardee; (ii) the total bid amount; (iii) the established Business Enterprise Program goal; (iv) the dollar amount and percentage of participation by businesses owned by minorities, women, and persons with disabilities; and (v) the names of the certified firms identified in the utilization plan.. |
N | N | Y | |
| Illinois | 2015 | Illinois Power Agency Renewable Energy Resources Fund; Illinois Solar for All Program | 2015 Ill. SB 2814 | Sec. 1-56. Illinois Power Agency Renewable Energy Resources Fund; Illinois Solar for All Program. (a) The Illinois Power Agency Renewable Energy Resources Fund is created as a special fund in the State treasury. (b) The Illinois Power Agency Renewable Energy Resources Fund shall be administered by the Agency as described in this subsection (b), provided that the changes to this subsection (b) made by this amendatory Act of the 99th General Assembly shall not interfere with existing contracts under this Section. (1) The Illinois Power Agency Renewable Energy Resources Fund shall be used to purchase renewable energy credits according to any approved procurement plan developed by the Agency prior to June 1, 2017. (2) The Illinois Power Agency Renewable Energy Resources Fund shall also be used to create the Illinois Solar for All Program, which shall include incentives for low-income distributed generation and community solar projects, and other associated approved expenditures. The objectives of the Illinois Solar for All Program are to bring photovoltaics to low-income communities in this State in a manner that maximizes the development of new photovoltaic generating facilities, to create a long-term, low-income solar marketplace throughout this State, to integrate, through interaction with stakeholders, with existing energy efficiency initiatives, and to minimize administrative costs. The Agency shall include a description of its proposed approach to the design, administration, implementation and evaluation of the Illinois Solar for All Program, as part of the long-term renewable resources procurement plan authorized by subsection (c) of Section 1-75 of this Act, and the program shall be designed to grow the low-income solar market. The Agency or utility, as applicable, shall purchase renewable energy credits from the (i) photovoltaic distributed renewable energy generation projects and (ii) community solar projects that are procured under procurement processes authorized by the long-term renewable resources procurement plans approved by the Commission. [...] (6) The long-term renewable resources procurement plan shall also provide for an independent evaluation of the Illinois Solar for All Program. At least every 2 years, the Agency shall select an independent evaluator to review and report on the Illinois Solar for All Program and the performance of the third-party program administrator of the Illinois Solar for All Program. The evaluation shall be based on objective criteria developed through a public stakeholder process. The process shall include feedback and participation from Illinois Solar for All Program stakeholders, including participants and organizations in environmental justice and historically underserved communities. The report shall include a summary of the evaluation of the Illinois Solar for All Program based on the stakeholder developed objective criteria. The report shall include the number of projects installed; the total installed capacity in kilowatts; the average cost per kilowatt of installed capacity to the extent reasonably obtainable by the Agency; the number of jobs or job opportunities created; economic, social, and environmental benefits created; and the total administrative costs expended by the Agency and program administrator to implement and evaluate the program. The report shall be delivered to the Commission and posted on the Agency’s website, and shall be used, as needed, to revise the Illinois Solar for All Program. The Commission shall also consider the results of the evaluation as part of its review of the long-term renewable resources procurement plan under subsection (c) of Section 1-75 of this Act. |
N | Y | Y | |
| Illinois | 2015 | Grant Accountability and Transparency Fund | FY2017 Stopgap Budget Implementation Act, 2015 Ill. SB 1810 |
Sec. 6z-101. The Grant Accountability and Transparency Fund. (a) The Grant Accountability and Transparency Fund is hereby created in the State Treasury. The following moneys shall be deposited into the Fund: (1) grants, awards, appropriations, cost sharings, inter-fund transfers, gifts, and bequests from any source, public or private, in support of activities authorized under the Grant Accountability and Transparency Act; (2) federal funds received as a result of cost allocation or indirect cost reimbursements; (3) interest earned on moneys in the Fund; and (4) receipts or inter-fund transfers resulting from billings issued by the Governor’s Office of Management and Budget to State agencies for the costs of services rendered pursuant to the Grant Accountability and Transparency Act. (b) State agencies may direct the Comptroller to process inter-fund transfers or make payment through the voucher and warrant process to the Grant Accountability and Transparency Fund in satisfaction of billings issued under subsection (a). (c) Moneys in the Grant Accountability and Transparency Fund may be used by the Governor’s Office of Management and Budget for costs in support of the implementation and administration of the Grant Accountability and Transparency Act and Budgeting for Results. (d) The Governor’s Office of Management and Budget may require reports from State agencies as deemed necessary to perform cost allocation reconciliations in connection with services provided and expenses incurred in the administration of the Grant Accountability and Transparency Act. In the event that, in any fiscal year, the payments or inter-fund transfers are in excess of the costs of services provided in that fiscal year, the Governor’s Office of Management and Budget may use one or a combination of the following methods to return excess funds: (1) order that the amounts owed by the State agency in the following fiscal year be offset against such excess amount; (2) direct the Comptroller to process an inter-fund transfer; or (3) make a refund payment. |
N | N | Y | |
| Illinois | 2013 | Grant Accountability and Transparency Act | Grant Accountability and Transparency Act, 2013 Ill. HB 2747 | Section 1. Short title. This Act may be cited as the Grant Accountability and Transparency Act. Section 5. Legislative intent. (a) This Act, which is the product of the work of the Illinois Single Audit Commission, created by Public Act 98- 47, is intended to comply with the General Assembly’s directives to (1) develop a coordinated, non- redundant process for the provision of effective and efficient oversight of the selection and monitoring of grant recipients, thereby ensuring quality programs and limiting fraud, waste, and abuse, and (2) define the purpose, scope, applicability, and responsibilities in the life cycle of a grant. (b) This Act is intended to increase the accountability and transparency in the use of grant funds from whatever source and to reduce administrative burdens on both State agencies and grantees by adopting federal guidance and regulations applicable to such grant funds; specifically, the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”), codified at 2 CFR 200. (c) This Act is consistent with the State’s focus on improving performance and outcomes while ensuring transparency and the financial integrity of taxpayer dollars through such initiatives as the Management Improvement Initiative Committee created by Section 1-37a of the Department of Human Services Act, the State prioritized goals created under Section 50-25 of the State Budget Law (also known as “Budgeting for Results”), and the Grant Information Collection Act. (d) This Act is not intended to affect the provisions of the Illinois State Auditing Act and does not address the external audit function of the Auditor General. Section 10. Purpose. The purpose of this Act is to establish uniform administrative requirements, cost principles, and audit requirements for State and federal pass-through awards to non-federal entities. State awarding agencies shall not impose additional or inconsistent requirements, except as provided in 2 CFR 200.102, unless specifically required by State or federal statute. This Act and the rules adopted under this Act do not apply to private awards. This Act and the rules adopted under this Act provide the basis for a systematic and periodic collection and uniform submission to the Governor’s Office of Management and Budget of information of all State and federal financial assistance programs by State grant-making agencies. This Act also establishes policies related to the delivery of this information to the public, including through the use of electronic media. Section 30. Catalog of State Financial Assistance. The Catalog of State Financial Assistance is a single, authoritative, statewide, comprehensive source document of State financial assistance program information. The Catalog shall contain, at a minimum, the following information: [...] Section 50. State grant-making agency responsibilities. [...] (b) Each State grant-making agency shall appoint a Chief Accountability Officer who shall serve as a liaison to the Grant Accountability and Transparency Unit and who shall be responsible for the State agency’s implementation of and compliance with the rules. (c) In order to effectively measure the performance of its recipients and subrecipients, each State grant-making agency shall: (1) require its recipients and subrecipients to relate financial data to performance accomplishments of the award and, when applicable, must require recipients and subrecipients to provide cost information to demonstrate cost-effective practices. The recipient’s and subrecipient’s performance should be measured in a way that will help the State agency to improve program outcomes, share lessons learned, and spread the adoption of promising practices; and (2) provide recipients and subrecipients with clear performance goals, indicators, and milestones and must establish performance reporting frequency and content to not only allow the State agency to understand the recipient’s progress, but also to facilitate identification of promising practices among recipients and subrecipients and build the evidence upon which the State agency’s program and performance decisions are made. [...] Section 95. Annual report. Effective January 1, 2016 and each January 1 thereafter, the Governor’s Office of Management and Budget, in conjunction with the Illinois Single Audit Commission, shall submit to the Governor and the General Assembly a report that demonstrates the efficiencies, cost savings, and reductions in fraud, waste, and abuse as a result of the implementation of this Act and the rules adopted by the Governor’s Office of Management and Budget in accordance with the provisions of this Act. The report shall include, but not be limited to: (1) the number of entities placed on the Illinois Debarred and Suspended List; (2) any savings realized as a result of the implementation of this Act; (3) any reduction in the number of duplicative audits; (4) the number of persons trained to assist grantees and subrecipients; and (5) the number of grantees and subrecipients to whom a fiscal agent was assigned. Section 100. Repeal. This Act is repealed 5 years after the effective date of this Act. |
N | N | Y | |
| Illinois | 2013 | General Transparency LAw | Open Operating Standards Act, 2013 Ill. HB 1040 | Section 1. Short title. This Act may be cited as the Open Operating Standards Act. Section 5. Definitions. As used in this Act: [...] “Grant funds” means any public funds dispensed by a grantor agency to any person or entity for obligation, expenditure, or use by that person or entity for a specific purpose or purposes and any funds disbursed by the State Comptroller pursuant to an appropriation made by the General Assembly to a named entity or person. Funds disbursed in accordance with a fee for service purchase of care contract are not grant funds for purposes of this Act. Neither the method by which funds are dispensed whether by contract, agreement, grant subsidy, letter of credit, or any other method nor the purpose for which the funds are used can change the character of funds which otherwise would be considered grant funds as defined in this Section. “Grantee” means the person or entity which may use grant funds. “Grantor agency” means a State agency that dispenses grant funds. “Open operating standard” means a technical standard developed and maintained by a voluntary consensus standards body that is available to the public without royalty or fee. “Public data” means all data that is collected by any unit of State or local government in pursuance of that entity’s official responsibilities which is otherwise subject to disclosure pursuant to the Freedom of Information Act, and is not prohibited from disclosure pursuant to any other contravening legal instrument, including, but not limited to, a superseding provision of federal or State law or an injunction from a court of competent jurisdiction. “State agency” or “agency” has the meaning ascribed to the term “agency” in Section 3.1 of the Executive Reorganization Implementation Act. [...] Section 10. Open operating standard. (a) There is hereby established an open operating standard, to be known as “Illinois Open Data”, for the State of Illinois. Under this open operating standard, each agency of State government under the jurisdiction of the Governor shall make available public data sets of public information. Any unit of local government may adopt the State standard for itself. (b) To implement this Act, the Office of the Governor may, by rule, establish policies, standards, and guidance as required herein. The Illinois Administrative Procedure Act is hereby expressly adopted and shall apply to all rules made pursuant to this Act. Section 20. Grant information reporting. (a) Each grantor agency that is authorized to award grant funds to an entity other than the State of Illinois shall coordinate with the Office of the Governor to periodically provide for publication, at data.illinois.gov or any other publicly accessible website designated by the Governor’s Office, of data sets containing information regarding awards of grant funds that the grantor agency has made during the previous fiscal year. The data sets shall include, at a minimum, the following: In addition, each grantor agency shall make best efforts, with available resources and technology, to make available in the data sets any other data that is relevant to its award of grant funds. (1) the name of the grantor agency; (2) the name of the grantee; (3) a short description of the purpose of the award of grant funds; (4) the amount of each award of grant funds; (5) the date of each award of grant funds; and (6) the duration of each award of grant funds. (b) Data not subject to the requirements of this Section include, but are not limited to, data to which a State agency may deny access pursuant to any provision of a federal, State, or local law, rule, or regulation, as well as data that contain a significant amount of data to which a State agency may deny access pursuant to any provision of a federal, State, or local law, rule, or regulation. Section 40. Repealer. This Act is repealed on January 21, 2019. Section 99. Effective date. This Act takes effect upon becoming law, except that Section 20 takes effect on January 1, 2014. |
N | Y | N | |
| Illinois | 2013 | General Accountability Law | Grant Information Collection Act, 2013 ILL. SB 2381; Open Operating Standards Act, 2013 Ill. HB 1040; Grant Accountability and Transparency Act, 2013 Ill. HB 2747 | Sec. 10 | Section 10. Grant information collection. The Chief Information Officer of the State, as designated by the Governor, shall coordinate with each State agency to develop, with any existing or newly available resources and technology, appropriate systems to accurately report data containing financial information. These systems shall include a module that is specific to the management and administration of grant funds. Each grantor agency that is authorized to award grant funds to an entity other than the State of Illinois shall coordinate with the Chief Information Officer of the State to provide for the publication, at data.illinois.gov or any other publicly accessible website designated by the Chief Information Officer, of data sets containing information regarding awards of grant funds that the grantor agency has made during the previous fiscal year. Data sets shall be published on at least a quarterly basis and shall include, at a minimum, the following: (1) the name of the grantor agency; (2) the name and postal zip code of the grantee; (3) a short description of the purpose of the award of grant funds; (4) the amount of each award of grant funds; (5) the date of each award of grant funds; and (6) the duration of each award of grant funds. In addition, each grantor agency shall make best efforts, with available resources and technology, to make available in the data sets any other data that is relevant to its award of grant funds. Data not subject to the requirements of this Section include data to which a State agency may deny access pursuant to any provision of a federal, State, or local law, rule, or regulation. |
N | Y | N |
| Illinois | 2011 | General Economic Development | 2011 ILL. HB 1882 | Sec. 605-465. Comprehensive website information. (a) The Department’s official website must contain a comprehensive list of State, local, and federal economic benefits available to businesses in each of the State’s counties and municipalities that the Department includes on its website. In order to do so: (1) The Department annually must request a summary of available economic benefits from each of the State’s counties and municipalities that are linked to the Department’s website. (2) The information obtained under paragraph (1) must be published on the related web pages of the Department’s website. (3) The Department’s website shall also provide information regarding available federal economic benefits to the extent possible. (b) The Department shall adopt rules for the implementation of this Section. |
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| Illinois | 2011 | Economic Development for a Growing Economy Tax Credit Act (EDGE) | 2011 ILL. HB 3934 | Section 5. The Economic Development for a Growing Economy Tax Credit Act is amended by changing Section 5-50 as follows: (35 ILCS 10/5-50) Sec. 5-50. Contents of Agreements with Applicants. The Department shall enter into an Agreement with an Applicant that is awarded a Credit under this Act. The Agreement must include all of the following: [...] (14) Any other performance conditions or contract provisions as the Department determines are appropriate. The Department shall post on its website the terms of each Agreement entered into under this Act on or after the date of this Act of the 97th General Assembly. |
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| Illinois | 2011 | Economic development project areas | 2011 ILL. SB 397 | Sec. 4. Establishment of economic development project areas; ordinance; notice; hearing; changes in economic development plan. Economic development project areas shall be established as follows: [...] (g) Extension of economic development project area; allocations; payment of outstanding claims; changes in equalized assessed valuation. (1) Notwithstanding anything to the contrary set forth in this Act, upon the effective date of this amendatory Act of the 97th General Assembly, the duration of any existing economic development plan created pursuant to this Act is extended to the duration permitted under this subsection, up to a maximum duration of 15 years. [...] (h) Beginning on the effective date of this amendatory Act of the 97th General Assembly, the taxing districts shall meet annually 180 days after the close of the municipal fiscal year, or as soon as the economic development project audit for that fiscal year becomes available, to review the effectiveness and status of the economic development project area up to that date. |
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| Illinois | 2011 | Illinois 21st Century Workforce Development Fund | 2011 ILL. HB 2927 | Sec. 11. Illinois 21st Century Workforce Development Fund Advisory Committee. (a) The 21st Century Workforce Development Fund Advisory Committee, established under the 21st Century Workforce Development Fund Act, shall provide oversight to the Illinois Emergency Employment Development program. (b) The Advisory Committee shall meet at the call of the Coordinator to do the following: (1) establish guidelines for the selection of Employment Administrators; (2) review recommendations of the Coordinator and approve final selection of Employment Administrators; (3) develop guidelines for the emergency employment development plans to be created by each Employment Administrator; (4) review the emergency employment development plan submitted by the Employment Administrator of each service delivery area and approve satisfactory plans; (5) ensure that the program is widely marketed to employers and eligible job seekers; (6) set policy regarding disbursement of program funds; and (7) review program quarterly reports and make recommendations for program improvements as needed. (20 ILCS 630/12 new) |
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| Illinois | 2011 | Enterprise Zones | 2011 ILL. SB 3616 | 8.1, 8.2 | Sec. 8.1. Accounting. (a) Any business receiving tax incentives due to its location within an Enterprise Zone or its designation as a High Impact Business must report the total Enterprise Zone or High Impact Business tax benefits received by the business, broken down by incentive category and enterprise zone, if applicable, annually to the Department of Revenue. Reports will be due no later than March 30 of each year and shall cover the previous calendar year. The first report will be for the 2012 calendar year and will be due no later than March 30, 2013. Failure to report data shall result in ineligibility to receive incentives. For the first offense, a business shall be given 60 days to comply.[...] (d) The Department of Revenue will aggregate and collect the tax, job, and capital investment data by Enterprise Zone and High Impact Business and report this information, formatted to exclude company-specific proprietary information, to the Department by May 1, 2013, and by May 1 of every calendar year thereafter. The Department will include this information in their required reports under Section 6 of this Act. Sec. 8.2. Zone Administrator. (a) Each Zone Administrator designated under Section 8 of this Act shall post a copy of the boundaries of the Enterprise Zone on its official Internet website and shall provide an electronic copy to the Department. The Department shall post each copy of the boundaries of an Enterprise Zone that it receives from a Zone Administrator on its official Internet website. (b) The Zone Administrator shall collect and aggregate the following information: (1) the estimated cost of each building project, broken down into labor and materials; and (2) within 60 days after the end of the project, the estimated cost of each building project, broken down into labor and materials. (c) By April 1 of each year, each Zone Administrator shall file a copy of its fee schedule with the Department, and the Department shall review and approve the fee schedule. Zone Administrators shall charge no more than 0.5% of the cost of building materials of the project associated with the specific Enterprise Zone, with a maximum fee of no more than $ 50,000. |
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| Illinois | 2011 | General Transparency Law | 2011 ILL. HB 5444 | 1900.2 | Sec. 1900.2. Economic Data Task Force. (a) The General Assembly finds that substantial public benefit is derived from enhanced access to State data and particularly to data generated by the Department and that this benefit takes the form both of private sector economic development and of opportunities to improve public policy. The General Assembly further finds that protecting the confidentiality of individuals and companies in Illinois is imperative for reasons both ethical and legal. Consequently, the General Assembly seeks to understand the potential uses and users of such data, as well as its applications for economic development and other public purposes, and, in the context of those uses, the best ways to make as much data as possible available to those constituencies to serve those purposes while protecting confidentiality and minimizing cost to the State. (b) The Economic Data Task Force is created within the Department. The Task Force shall consist of 11 members. The following members shall be appointed within 60 days after the effective date of this amendatory Act of the 97th General Assembly: one member appointed by the President of the Senate; one member appointed by the Senate Minority Leader; one member appointed by the Speaker of the House of Representatives; one member appointed by the House Minority Leader; one member appointed by the Governor; and the Director, who shall serve as ex officio chairman and who shall appoint 5 additional members: one of whom shall be a representative citizen chosen from the employee class, one of whom shall be a representative citizen chosen from the employing class, one of whom shall be an employee of the United States Bureau of Labor Statistics (hereinafter referred to as “BLS”)(or, if no BLS employee is available, a government employee from outside of Illinois with appropriate expertise), and 2 of whom shall be academic researchers with appropriate expertise. All members shall be voting members. Members shall serve without compensation, but may be reimbursed for expenses associated with the Task Force. The Task Force shall begin to conduct business upon the appointment of all members. For purposes of Task Force meetings, a quorum is 6 members. If a vacancy occurs on the Task Force, a successor member shall be appointed by the original appointing authority. Meetings of the Task Force are subject to the Open Meetings Act. |
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| Illinois | 2011 | Economic Development for a Growing Economy Tax Credit Act (EDGE) | 2011 ILL. HB 3934, ammends The Economic Development for a Growing Economy Tax Credit Act | Sec 5-20 | Sec. 5-50. Contents of Agreements with Applicants. The Department shall enter into an Agreement with an Applicant that is awarded a Credit under this Act. The Agreement must include all of the following: The Department shall post on its website the terms of each Agreement entered into under this Act on or after the effective date of this amendatory Act of the 97th General Assembly. |
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| Illinois | 2011 | General Economic Development | 2011 ILL. HB 1882, ammends The Corporate Accountability for Tax Expenditures Act | Sec. 25. Recapture. (a) All development assistance agreements shall contain, at a minimum, the following recapture provisions: (1) The recipient must (i) make the level of capital investment in the economic development project specified in the development assistance agreement; (ii) create or retain, or both, the requisite number of jobs, paying not less than specified wages for the created and retained jobs, within and for the duration of the time period specified in the legislation authorizing, or the administrative rules implementing, the development assistance programs and the development assistance agreement. (2) If the recipient fails to create or retain the requisite number of jobs within and for the time period specified, in the legislation authorizing, or the administrative rules implementing, the development assistance programs and the development assistance agreement, the recipient shall be deemed to no longer qualify for the State economic assistance and the applicable recapture provisions shall take effect. [...] (b-5) The Department shall post, on its website, (i) the identity of each recipient from whom amounts were recaptured under this Section on or after the effective date of this amendatory Act of the 97th General Assembly, (ii) the date of the recapture, (iii) a summary of the reasons supporting the recapture, and (iv) the amount recaptured from those recipients. |
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| Illinois | 2011 | Build Illinois Bond Fund | 2009 ILL. HB 5230 | Sec. 20. State development assistance disclosure. (a) Beginning February 1, 2005 and each year thereafter, every State granting body shall submit to the Department copies of all development assistance agreements that it approved in the prior calendar year. (b) For each development assistance agreement for which the date of assistance has occurred in the prior calendar year, each recipient shall submit to the Department a progress report . A RECIPIENT OF MULTIPLE DEVELOPMENT ASSISTANCE AGREEMENTS IN THE SAME AWARD YEAR AND FOR A SINGLE PROJECT SITE MAY FILE A CONSOLIDATED PROGRESS REPORT IF THE APPLICANT’S BASE NUMBER OF EMPLOYEES AND NUMBER OF JOBS TO BE CREATED AND RETAINED AS STATED IN THE MULTIPLE DEVELOPMENT ASSISTANCE AGREEMENTS OR APPLICATIONS ARE THE SAME. A PROGRESS REPORT shall include, but not be limited to, the following: [...] Sec. 10-3. Powers and Duties. The Department has the power to: (j) Provide grants from the Build Illinois Bond Fund to municipalities and counties to demolish abandoned buildings pursuant to Section 11-31-1 of the Illinois Municipal Code or Section 5-1080 of the Counties Code, for the purpose of making unimproved land available for purchase by businesses for economic development. Such grants shall be provided only when: (1) the owner of property on which the abandoned building is situated has entered into a contract to sell such property; (2) the Department has determined that the grant will be used to cause a project to be undertaken which will result in the creation of employment; (3) the business which has entered into a contract to purchase the property has certified that it will use the property for a project which is a new plant start-up or expansion or a new venture opportunity and is not a relocation of an existing business from another site within the State unless that relocation results in substantial employment growth. If a municipality or county receives grants under this paragraph, it shall file a notice of lien against the owner or owners of such demolished buildings to recover the costs and expenses incurred in the demolition of such buildings pursuant to Section 11-31-1 of the Illinois Municipal Code or Section 5-1080 of the Counties Code. All such costs and expenses recovered by the county or municipality shall be paid to the Department for deposit in the Build Illinois Purposes Account. Priority shall be given to enterprise zones or those areas with high unemployment whose tax base is adversely impacted by the closing of existing factories. (J-5) A BUSINESS ACCEPTING A GRANT OR LOAN UNDER THIS ARTICLE SHALL PROVIDE THE DEPARTMENT WITH QUARTERLY REPORTS DETAILING FINANCIAL AND PERFORMANCE INFORMATION AS REQUESTED BY THE DEPARTMENT DURING THE GRANT OR LOAN PERIOD. |
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| Illinois | 2011 | Dusiness District Development and Redevelopment | 2009 ILL. SB 2523 | Sec. 11-74.3-1. DIVISION SHORT TITLE; DECLARATION OF PUBLIC PURPOSE. THIS DIVISION 74.3 MAY BE CITED AS THE BUSINESS DISTRICT DEVELOPMENT AND REDEVELOPMENT LAW. IT IS HEREBY FOUND AND DECLARED: (1) It IS essential to the economic and social welfare of each municipality that business districts be DEVELOPED, REDEVELOPED, IMPROVED, maintained , and revitalized , THAT JOBS AND OPPORTUNITY FOR EMPLOYMENT BE CREATED WITHIN THE MUNICIPALITY, AND THAT, IF BLIGHTING CONDITIONS ARE PRESENT, BLIGHTING CONDITIONS BE ERADICATED by assuring opportunities for development or redevelopment , ENCOURAGING PRIVATE INVESTMENT, and attracting sound and stable BUSINESS AND commercial growth. IT IS FURTHER FOUND AND DETERMINED THAT AS A RESULT OF ECONOMIC CONDITIONS UNFAVORABLE TO THE CREATION, DEVELOPMENT, IMPROVEMENT, MAINTENANCE, AND REDEVELOPMENT OF CERTAIN BUSINESS AND COMMERCIAL AREAS WITHIN MUNICIPALITIES OPPORTUNITIES FOR PRIVATE INVESTMENT AND SOUND AND STABLE COMMERCIAL GROWTH HAVE BEEN AND WILL CONTINUE TO BE NEGATIVELY IMPACTED AND BUSINESS AND COMMERCIAL AREAS WITHIN MANY MUNICIPALITIES HAVE DETERIORATED AND WILL CONTINUE TO DETERIORATE, THEREBY CAUSING A SERIOUS MENACE TO THE HEALTH, SAFETY, MORALS, AND GENERAL WELFARE OF THE PEOPLE OF THE ENTIRE STATE, UNEMPLOYMENT, A DECLINE IN TAX REVENUES, EXCESSIVE AND DISPROPORTIONATE EXPENDITURE OF PUBLIC FUNDS, INADEQUATE PUBLIC AND PRIVATE INVESTMENT, THE UNMARKETABILITY OF PROPERTY, AND THE GROWTH OF DELINQUENCIES AND CRIME. IN ORDER TO REDUCE THREATS TO AND TO PROMOTE AND PROTECT THE HEALTH, SAFETY, MORALS, AND WELFARE OF THE PUBLIC AND TO PROVIDE INCENTIVES WHICH WILL CREATE EMPLOYMENT AND JOB OPPORTUNITIES, WILL RETAIN COMMERCIAL BUSINESSES IN THE STATE AND RELATED JOB OPPORTUNITIES AND WILL ERADICATE BLIGHTING CONDITIONS IF BLIGHTING CONDITIONS ARE PRESENT, AND FOR THE RELIEF OF UNEMPLOYMENT AND THE MAINTENANCE OF EXISTING LEVELS OF EMPLOYMENT, IT IS ESSENTIAL THAT PLANS FOR BUSINESS DISTRICTS BE CREATED AND IMPLEMENTED AND THAT BUSINESS DISTRICTS BE CREATED, DEVELOPED, IMPROVED, MAINTAINED, AND REDEVELOPED. (2) THE CREATION, DEVELOPMENT, IMPROVEMENT, MAINTENANCE, AND REDEVELOPMENT OF BUSINESS DISTRICTS WILL STIMULATE ECONOMIC ACTIVITY IN THE STATE, CREATE AND MAINTAIN JOBS, INCREASE TAX REVENUES, ENCOURAGE THE CREATION OF NEW AND LASTING INFRASTRUCTURE, OTHER IMPROVEMENTS, AND FACILITIES, AND CAUSE THE ATTRACTION AND RETENTION OF BUSINESSES AND COMMERCIAL ENTERPRISES WHICH GENERATE ECONOMIC ACTIVITY AND SERVICES AND INCREASE THE GENERAL TAX BASE, INCLUDING, BUT NOT LIMITED TO, INCREASED RETAIL SALES, HOTEL OR RESTAURANT SALES, MANUFACTURING SALES, OR ENTERTAINMENT INDUSTRY SALES, THEREBY INCREASING EMPLOYMENT AND ECONOMIC GROWTH. (3) IT IS HEREBY DECLARED TO BE THE POLICY OF THE STATE, IN THE INTEREST OF PROMOTING THE HEALTH, SAFETY, MORALS, AND GENERAL WELFARE OF ALL THE PEOPLE OF THE STATE, TO PROVIDE INCENTIVES WHICH WILL CREATE NEW JOB OPPORTUNITIES AND RETAIN EXISTING COMMERCIAL BUSINESSES WITHIN THE STATE AND RELATED JOB OPPORTUNITIES, AND IT IS FURTHER DETERMINED AND DECLARED THAT THE RELIEF OF CONDITIONS OF UNEMPLOYMENT, THE MAINTENANCE OF EXISTING LEVELS OF EMPLOYMENT, THE CREATION OF NEW JOB OPPORTUNITIES, THE RETENTION OF EXISTING COMMERCIAL BUSINESSES, THE INCREASE OF INDUSTRY AND COMMERCE WITHIN THE STATE, THE REDUCTION OF THE EVILS ATTENDANT UPON UNEMPLOYMENT, AND THE INCREASE AND MAINTENANCE OF THE TAX BASE OF THE STATE AND ITS POLITICAL SUBDIVISIONS ARE PUBLIC PURPOSES AND FOR THE PUBLIC SAFETY, BENEFIT, AND WELFARE OF THE RESIDENTS OF THIS STATE. Sec. 11-74.3-2. PROCEDURES TO DESIGNATE BUSINESS DISTRICTS; ORDINANCES; NOTICE; HEARINGS. (A) THE CORPORATE AUTHORITIES OF A MUNICIPALITY SHALL BY ORDINANCE PROPOSE THE APPROVAL OF A BUSINESS DISTRICT PLAN AND DESIGNATION OF A BUSINESS DISTRICT AND SHALL FIX A TIME AND PLACE FOR A PUBLIC HEARING ON THE PROPOSALS TO APPROVE A BUSINESS DISTRICT PLAN AND DESIGNATE A BUSINESS DISTRICT. [...] |
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| Illinois | 2009 | General Accountability Law | 2009 ILL. SB 3087 | Sec. 9. Conditions for Issuance and Sale of Bonds - Requirements for Bonds. [...] (f) Beginning with the next issuance by the Governor’s Office of Management and Budget to the Procurement Policy Board of a request for quotation for the purpose of formulating a new pool of qualified underwriting banks list, all entities responding to such a request for quotation for inclusion on that list shall provide a written report to the Governor’s Office of Management and Budget and the Illinois Comptroller. The written report submitted to the Comptroller shall (i) be published on the Comptroller’s Internet website and (ii) be used by the Governor’s Office of Management and Budget for the purposes of scoring such a request for quotation. The written report, at a minimum, shall: (1) disclose whether, within the past 3 months, pursuant to its credit default swap market-making activities, the firm has entered into any State of Illinois credit default swaps (“CDS”); (2) include, in the event of State of Illinois CDS activity, disclosure of the firm’s cumulative notional volume of State of Illinois CDS trades and the firm’s outstanding gross and net notional amount of State of Illinois CDS, as of the end of the current 3-month period; (3) indicate, pursuant to the firm’s proprietary trading activities, disclosure of whether the firm, within the past 3 months, has entered into any proprietary trades for its own account in State of Illinois CDS; (4) include, in the event of State of Illinois proprietary trades, disclosure of the firm’s outstanding gross and net notional amount of proprietary State of Illinois CDS and whether the net position is short or long credit protection, as of the end of the current 3-month period; (5) list all time periods during the past 3 months during which the firm held net long or net short State of Illinois CDS proprietary credit protection positions, the amount of such positions, and whether those positions were net long or net short credit protection positions; and (6) indicate whether, within the previous 3 months, the firm released any publicly available research or marketing reports that reference State of Illinois CDS and include those research or marketing reports as attachments. (g) All entities included on a Governor’s Office of Management and Budget’s pool of qualified underwriting banks list shall, as soon as possible after the effective date of this amendatory Act of the 96th General Assembly, but not later than January 21, 2011, and on a quarterly fiscal basis thereafter, provide a written report to the Governor’s Office of Management and Budget and the Illinois Comptroller. The written reports submitted to the Comptroller shall be published on the Comptroller’s Internet website. The written reports, at a minimum, shall: (1) disclose whether, within the past 3 months, pursuant to its credit default swap market-making activities, the firm has entered into any State of Illinois credit default swaps (“CDS”); (2) include, in the event of State of Illinois CDS activity, disclosure of the firm’s cumulative notional volume of State of Illinois CDS trades and the firm’s outstanding gross and net notional amount of State of Illinois CDS, as of the end of the current 3-month period; (3) indicate, pursuant to the firm’s proprietary trading activities, disclosure of whether the firm, within the past 3 months, has entered into any proprietary trades for its own account in State of Illinois CDS; (4) include, in the event of State of Illinois proprietary trades, disclosure of the firm’s outstanding gross and net notional amount of proprietary State of Illinois CDS and whether the net position is short or long credit protection, as of the end of the current 3-month period; (5) list all time periods during the past 3 months during which the firm held net long or net short State of Illinois CDS proprietary credit protection positions, the amount of such positions, and whether those positions were net long or net short credit protection positions; and (6) indicate whether, within the previous 3 months, the firm released any publicly available research or marketing reports that reference State of Illinois CDS and include those research or marketing reports as attachments. |
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| Illinois | 2009 | Economic development project area | 2009 ILL. SB 3152 | Section 5. The County Economic Development Project Area Property Tax Allocation Act is amended by adding Sections 12 and 13 as follows: (55 ILCS 85/12 new) SEC. 12. STATUS REPORT; HEARING. NO LATER THAN 10 YEARS AFTER THE CORPORATE AUTHORITIES OF A COUNTY ADOPT AN ORDINANCE TO ESTABLISH AN ECONOMIC DEVELOPMENT PROJECT AREA, THE COUNTY MUST COMPILE A STATUS REPORT CONCERNING THE ECONOMIC DEVELOPMENT PROJECT AREA. THE STATUS REPORT MUST DETAIL WITHOUT LIMITATION THE FOLLOWING: (I) THE AMOUNT OF REVENUE GENERATED WITHIN THE ECONOMIC DEVELOPMENT PROJECT AREA, (II) ANY EXPENDITURES MADE BY THE COUNTY FOR THE ECONOMIC DEVELOPMENT PROJECT AREA INCLUDING WITHOUT LIMITATION EXPENDITURES FROM THE SPECIAL TAX ALLOCATION FUND, (III) THE STATUS OF PLANNED ACTIVITIES, GOALS, AND OBJECTIVES SET FORTH IN THE ECONOMIC DEVELOPMENT PLAN INCLUDING DETAILS ON NEW OR PLANNED CONSTRUCTION WITHIN THE ECONOMIC DEVELOPMENT PROJECT AREA, (IV) THE AMOUNT OF PRIVATE AND PUBLIC INVESTMENT WITHIN THE ECONOMIC DEVELOPMENT PROJECT AREA, AND (V) ANY OTHER RELEVANT EVALUATION OR PERFORMANCE DATA. WITHIN 30 DAYS AFTER THE COUNTY COMPILES THE STATUS REPORT, THE COUNTY MUST HOLD AT LEAST ONE PUBLIC HEARING CONCERNING THE REPORT. THE COUNTY MUST PROVIDE 20 DAYS’ PUBLIC NOTICE OF THE HEARING. (55 ILCS 85/13 new) SEC. 13. REQUIREMENTS FOR ANNUAL BUDGET. BEGINNING IN FISCAL YEAR 2011 AND IN EACH FISCAL YEAR THEREAFTER, A COUNTY MUST DETAIL IN ITS ANNUAL BUDGET (I) THE AMOUNT OF REVENUE GENERATED FROM ECONOMIC DEVELOPMENT PROJECT AREAS BY SOURCE AND (II) THE EXPENDITURES MADE BY THE COUNTY FOR ECONOMIC DEVELOPMENT PROJECT AREAS. Sec. 11-74.4-5. PUBLIC HEARING; JOINT REVIEW BOARD. [...] (H) ON AND AFTER THE EFFECTIVE DATE OF THIS AMENDATORY ACT OF THE 96TH GENERAL ASSEMBLY, THE STATE COMPTROLLER MUST POST ON THE STATE COMPTROLLER’S OFFICIAL WEBSITE THE INFORMATION SUBMITTED BY A MUNICIPALITY PURSUANT TO SUBSECTION (D) OF THIS SECTION. THE INFORMATION MUST BE POSTED NO LATER THAN 45 DAYS AFTER THE STATE COMPTROLLER RECEIVES THE INFORMATION FROM THE MUNICIPALITY. THE STATE COMPTROLLER MUST ALSO POST A LIST OF THE MUNICIPALITIES NOT IN COMPLIANCE WITH THE REPORTING REQUIREMENTS SET FORTH IN SUBSECTION (D) OF THIS SECTION. (I) NO LATER THAN 10 YEARS AFTER THE CORPORATE AUTHORITIES OF A MUNICIPALITY ADOPT AN ORDINANCE TO ESTABLISH A REDEVELOPMENT PROJECT AREA, THE MUNICIPALITY MUST COMPILE A STATUS REPORT CONCERNING THE REDEVELOPMENT PROJECT AREA. THE STATUS REPORT MUST DETAIL WITHOUT LIMITATION THE FOLLOWING: (I) THE AMOUNT OF REVENUE GENERATED WITHIN THE REDEVELOPMENT PROJECT AREA, (II) ANY EXPENDITURES MADE BY THE MUNICIPALITY FOR THE REDEVELOPMENT PROJECT AREA INCLUDING WITHOUT LIMITATION EXPENDITURES FROM THE SPECIAL TAX ALLOCATION FUND, (III) THE STATUS OF PLANNED ACTIVITIES, GOALS, AND OBJECTIVES SET FORTH IN THE REDEVELOPMENT PLAN INCLUDING DETAILS ON NEW OR PLANNED CONSTRUCTION WITHIN THE REDEVELOPMENT PROJECT AREA, (IV) THE AMOUNT OF PRIVATE AND PUBLIC INVESTMENT WITHIN THE REDEVELOPMENT PROJECT AREA, AND (V) ANY OTHER RELEVANT EVALUATION OR PERFORMANCE DATA. WITHIN 30 DAYS AFTER THE MUNICIPALITY COMPILES THE STATUS REPORT, THE MUNICIPALITY MUST HOLD AT LEAST ONE PUBLIC HEARING CONCERNING THE REPORT. THE MUNICIPALITY MUST PROVIDE 20 DAYS’ PUBLIC NOTICE OF THE HEARING. (J) BEGINNING IN FISCAL YEAR 2011 AND IN EACH FISCAL YEAR THEREAFTER, A MUNICIPALITY MUST DETAIL IN ITS ANNUAL BUDGET (I) THE REVENUES GENERATED FROM REDEVELOPMENT PROJECT AREAS BY SOURCE AND (II) THE EXPENDITURES MADE BY THE MUNICIPALITY FOR REDEVELOPMENT PROJECT AREAS. Section 20. The Economic Development Project Area Tax Increment Allocation Act of 1995 is amended by adding Sections 72 and 74 as follows: (65 ILCS 110/72 new) SEC. 72. STATUS REPORT; HEARING. NO LATER THAN 10 YEARS AFTER THE CORPORATE AUTHORITIES OF A MUNICIPALITY ADOPT AN ORDINANCE TO ESTABLISH AN ECONOMIC DEVELOPMENT PROJECT AREA, THE MUNICIPALITY MUST COMPILE A STATUS REPORT CONCERNING THE ECONOMIC DEVELOPMENT PROJECT AREA. THE STATUS REPORT MUST DETAIL WITHOUT LIMITATION THE FOLLOWING: (I) THE AMOUNT OF REVENUE GENERATED WITHIN THE ECONOMIC DEVELOPMENT PROJECT AREA, (II) ANY EXPENDITURES MADE BY THE MUNICIPALITY FOR THE ECONOMIC DEVELOPMENT PROJECT AREA INCLUDING WITHOUT LIMITATION EXPENDITURES FROM THE SPECIAL TAX ALLOCATION FUND, (III) THE STATUS OF PLANNED ACTIVITIES, GOALS, AND OBJECTIVES SET FORTH IN THE ECONOMIC DEVELOPMENT PLAN INCLUDING DETAILS ON NEW OR PLANNED CONSTRUCTION WITHIN THE ECONOMIC DEVELOPMENT PROJECT AREA, (IV) THE AMOUNT OF PRIVATE AND PUBLIC INVESTMENT WITHIN THE ECONOMIC DEVELOPMENT PROJECT AREA, AND (V) ANY OTHER RELEVANT EVALUATION OR PERFORMANCE DATA. WITHIN 30 DAYS AFTER THE MUNICIPALITY COMPILES THE STATUS REPORT, THE MUNICIPALITY MUST HOLD AT LEAST ONE PUBLIC HEARING CONCERNING THE REPORT. THE MUNICIPALITY MUST PROVIDE 20 DAYS’ PUBLIC NOTICE OF THE HEARING. (65 ILCS 110/74 new) SEC. 74. REQUIREMENT FOR ANNUAL BUDGET. BEGINNING IN FISCAL YEAR 2011 AND IN EACH FISCAL YEAR THEREAFTER, A MUNICIPALITY MUST DETAIL IN ITS ANNUAL BUDGET (I) THE REVENUES GENERATED FROM ECONOMIC DEVELOPMENT PROJECT AREAS BY SOURCE AND (II) THE EXPENDITURES MADE BY THE MUNICIPALITY FOR ECONOMIC DEVELOPMENT PROJECT AREAS. |
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| Illinois | 2009 | Economic development project area | 2009 ILL. HB 3998 | Sec. 3. Definitions. In this Act, words or terms shall have the following meanings unless the context usage clearly indicates that another meaning is intended. (a) “Department” means the Department of Commerce and Economic Opportunity. (b) “Economic development plan” means the written plan of a county which sets forth an economic development program for an economic development project area. Each economic development plan shall include but not be limited to (1) estimated economic development project costs, (2) the sources of funds to pay such costs, (3) the nature and term of any obligations to be issued by the county to pay such costs, (4) the most recent equalized assessed valuation of the economic development project area, (5) an estimate of the equalized assessed valuation of the economic development project area after completion of the economic development plan, (6) the estimated date of completion of any economic development project proposed to be undertaken, (7) a general description of any proposed developer, user, or tenant of any property to be located or improved within the economic development project area, (8) a description of the type, structure and general character of the facilities to be developed or improved in the economic development project area, (9) a description of the general land uses to apply in the economic development project area, (10) a description of the type, class and number of employees to be employed in the operation of the facilities to be developed or improved in the economic development project area and (11) a commitment by the county to fair employment practices and an affirmative action plan with respect to any economic development program to be undertaken by the county. THE ECONOMIC DEVELOPMENT PLAN FOR AN ECONOMIC DEVELOPMENT PROJECT AREA AUTHORIZED BY SUBSECTION (A-15) OF SECTION 4 OF THIS ACT MUST ADDITIONALLY INCLUDE (1) EVIDENCE INDICATING THAT THE REDEVELOPMENT PROJECT AREA ON THE WHOLE HAS NOT BEEN SUBJECT TO GROWTH AND DEVELOPMENT THROUGH INVESTMENT BY PRIVATE ENTERPRISE AND IS NOT REASONABLY EXPECTED TO BE SUBJECT TO SUCH GROWTH AND DEVELOPMENT WITHOUT THE ASSISTANCE PROVIDED THROUGH THE IMPLEMENTATION OF THE ECONOMIC DEVELOPMENT PLAN AND (2) EVIDENCE THAT PORTIONS OF THE ECONOMIC DEVELOPMENT PROJECT AREA HAVE INCURRED ILLINOIS ENVIRONMENTAL PROTECTION AGENCY OR UNITED STATES ENVIRONMENTAL PROTECTION AGENCY REMEDIATION COSTS FOR, OR A STUDY CONDUCTED BY AN INDEPENDENT CONSULTANT RECOGNIZED AS HAVING EXPERTISE IN ENVIRONMENTAL REMEDIATION HAS DETERMINED A NEED FOR, THE CLEAN-UP OF HAZARDOUS WASTE, HAZARDOUS SUBSTANCES, OR UNDERGROUND STORAGE TANKS REQUIRED BY STATE OR FEDERAL LAW, PROVIDED THAT THE REMEDIATION COSTS CONSTITUTE A MATERIAL IMPEDIMENT TO THE DEVELOPMENT OR REDEVELOPMENT OF THE PROJECT AREA. Sec. 4. Establishment of economic development project area; ordinance; joint review board; notice; hearing; changes in economic development plan; annual reporting requirements. Economic development project areas shall be established as follows: [...] (A-15) FOR A PERIOD OF 2 YEARS BEGINNING ON THE EFFECTIVE DATE OF THIS AMENDATORY ACT OF THE 96TH GENERAL ASSEMBLY, THE CORPORATE AUTHORITIES OF GRUNDY COUNTY MAY, BY ORDINANCE, PROPOSE THE ESTABLISHMENT OF AN ECONOMIC DEVELOPMENT PROJECT AND FIX A TIME AND PLACE FOR A PUBLIC HEARING. UPON PASSAGE OF THE ORDINANCE, THE CORPORATE AUTHORITIES OF GRUNDY COUNTY SHALL SUBMIT A CERTIFIED COPY OF THE ORDINANCE, AS ADOPTED, TO THE DEPARTMENT. Sec. 5. Submission to Department; certification by Department. [...] (c) On or before July 1, 2007, AND AGAIN ON OR BEFORE JULY 1, 2012, the Department shall submit to the General Assembly a report detailing the number of economic development project areas it has approved and certified, the number and type of jobs created or retained therein, the aggregate amount of private investment therein, the impact in the revenues of counties and affected taxing districts of the use of property tax allocation financing therein, and such additional information as the Department may determine to be relevant. On July 1, 2008 the authority granted hereunder to counties to establish economic development project areas UNDER SUBSECTIONS (A), (A-5), AND (A-10) OF SECTION 4 OF THIS ACT and to adopt property tax allocation financing in connection therewith and to the Department to approve and certify economic development project areas shall expire unless the General Assembly shall have authorized counties and the Department to continue to exercise the powers granted to them under this Act. TWO YEARS AFTER THE EFFECTIVE DATE OF THIS AMENDATORY ACT OF THE 96TH GENERAL ASSEMBLY, THE AUTHORITY GRANTED TO GRUNDY COUNTY TO ESTABLISH AN ECONOMIC DEVELOPMENT PROJECT UNDER SUBSECTION (A-15) OF SECTION 4 OF THIS ACT AND TO ADOPT PROPERTY TAX ALLOCATION FINANCING IN CONNECTION THEREWITH SHALL EXPIRE. |
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| Illinois | 2009 | 2009 ILL. HB 2369 | SEC. 825-105. IMPLEMENTATION OF ARRA PROVISIONS REGARDING RECOVERY ZONE BONDS. (A) FINDINGS. RECOVERY ZONE BONDS AUTHORIZED BY THE AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009 ARE AN IMPORTANT ECONOMIC DEVELOPMENT TOOL FOR THE STATE. ALL COUNTIES IN THE STATE AND MUNICIPALITIES IN THE STATE WITH A POPULATION OF 100,000 OR MORE HAVE RECEIVED AN ALLOCATION OF RECOVERY ZONE BOND AUTHORIZATION. UNDER FEDERAL LAW, THOSE ALLOCATIONS MUST BE USED ON OR BEFORE DECEMBER 31, 2010. THE STATE STRONGLY ENCOURAGES COUNTIES AND MUNICIPALITIES TO ISSUE RECOVERY ZONE BONDS TO SPUR ECONOMIC DEVELOPMENT IN THE STATE. UNDER FEDERAL LAW, THE ALLOCATIONS MAY BE VOLUNTARILY WAIVED TO THE STATE FOR REALLOCATION BY THE STATE TO OTHER JURISDICTIONS AND OTHER PROJECTS IN THE STATE. THIS SECTION SETS FORTH THE PROCESS BY WHICH THE AUTHORITY, ON BEHALF OF THE STATE, WILL RECEIVE OTHERWISE UNUSED ALLOCATIONS AND ENSURE THAT THIS VALUABLE ECONOMIC DEVELOPMENT INCENTIVE WILL BE USED TO THE FULLEST EXTENT FEASIBLE FOR THE BENEFIT OF THE CITIZENS OF THE STATE OF ILLINOIS. (B) DEFINITIONS. (I) “AFFECTED LOCAL GOVERNMENT” MEANS EITHER ANY COUNTY IN THE STATE OR A MUNICIPALITY WITHIN THE STATE IF THE MUNICIPALITY HAS A POPULATION OF 100,000 OR MORE. (II) “ALLOCATION AMOUNT” MEANS THE $ 666,972,000 AMOUNT OF RECOVERY ZONE ECONOMIC DEVELOPMENT BONDS AND $ 1,000,457,000 AMOUNT OF RECOVERY ZONE FACILITY BONDS AUTHORIZED UNDER ARRA FOR THE FINANCING OF QUALIFYING PROJECTS LOCATED WITHIN THE STATE AND THE SUB-ALLOCATION OF THOSE AMOUNTS AMONG EACH AFFECTED LOCAL GOVERNMENT. (III) “ARRA” MEANS, COLLECTIVELY, THE AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009, INCLUDING, WITHOUT LIMITATION, SECTIONS 1400U-1, 1400U-2, AND 1400U-3 OF THE CODE; THE GUIDANCE PROVIDED BY THE INTERNAL REVENUE SERVICE APPLICABLE TO RECOVERY ZONE BONDS; AND ANY LEGISLATION SUBSEQUENTLY ADOPTED BY THE UNITED STATES CONGRESS TO EXTEND OR EXPAND THE ECONOMIC DEVELOPMENT BOND FINANCING INCENTIVES AUTHORIZED BY ARRA. [...] (E) ESTABLISHED DATES FOR NOTICE. ANY AFFECTED LOCAL GOVERNMENT OR ANY REGIONAL AUTHORITY THAT HAS ISSUED RECOVERY ZONE BONDS ON OR BEFORE THE EFFECTIVE DATE OF THIS SECTION MUST REPORT ITS ISSUANCE OF RECOVERY ZONE BONDS TO THE AUTHORITY WITHIN 30 DAYS AFTER THE EFFECTIVE DATE OF THIS SECTION. AFTER THE EFFECTIVE DATE OF THIS SECTION, ANY AFFECTED LOCAL GOVERNMENT OR ANY REGIONAL AUTHORITY MUST REPORT ITS ISSUANCE OF RECOVERY ZONE BONDS TO THE AUTHORITY NOT LESS THAN 30 DAYS AFTER THOSE BONDS ARE ISSUED. (F) REPORTS TO THE GENERAL ASSEMBLY. STARTING 60 DAYS AFTER THE EFFECTIVE DATE OF THIS SECTION AND ENDING ON JANUARY 15, 2011, THE AUTHORITY SHALL FILE A REPORT BEFORE THE 15TH DAY OF EACH MONTH WITH THE GENERAL ASSEMBLY DETAILING ITS IMPLEMENTATION OF THIS SECTION, INCLUDING BUT NOT LIMITED TO THE DOLLAR AMOUNT OF THE ALLOCATION AMOUNT THAT HAS BEEN REALLOCATED BY THE AUTHORITY PURSUANT TO THIS SECTION, THE RECOVERY ZONE BONDS ISSUED IN THE STATE AS OF THE DATE OF THE REPORT, AND DESCRIPTIONS OF THE QUALIFYING PROJECTS FINANCED BY THOSE RECOVERY ZONE BONDS. |
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| Illinois | 2009 | General Transparency Law | 2009 ILL. SB 3660 | SEC. 50-25. STATEWIDE PRIORITIZED GOALS. FOR FISCAL YEAR 2012 AND EACH FISCAL YEAR THEREAFTER, PRIOR TO THE SUBMISSION OF THE STATE BUDGET, THE GOVERNOR, IN CONSULTATION WITH THE APPROPRIATION COMMITTEES OF THE GENERAL ASSEMBLY, SHALL: (I) PRIORITIZE OUTCOMES THAT ARE MOST IMPORTANT FOR EACH STATE AGENCY OF THE EXECUTIVE BRANCH UNDER THE JURISDICTION OF THE GOVERNOR TO ACHIEVE FOR THE NEXT FISCAL YEAR AND (II) SET GOALS TO ACCOMPLISH THOSE OUTCOMES ACCORDING TO THE PRIORITY OF THE OUTCOME. IN ADDITION, EACH OTHER CONSTITUTIONAL OFFICER OF THE EXECUTIVE BRANCH, IN CONSULTATION WITH THE APPROPRIATION COMMITTEES OF THE GENERAL ASSEMBLY, SHALL: (I) PRIORITIZE OUTCOMES THAT ARE MOST IMPORTANT FOR HIS OR HER OFFICE TO ACHIEVE FOR THE NEXT FISCAL YEAR AND (II) SET GOALS TO ACCOMPLISH THOSE OUTCOMES ACCORDING TO THE PRIORITY OF THE OUTCOME. THE GOVERNOR AND EACH CONSTITUTIONAL OFFICER SHALL SEPARATELY CONDUCT PERFORMANCE ANALYSES TO DETERMINE WHICH PROGRAMS, STRATEGIES, AND ACTIVITIES WILL BEST ACHIEVE THOSE DESIRED OUTCOMES. THE GOVERNOR SHALL RECOMMEND THAT APPROPRIATIONS BE MADE TO STATE AGENCIES AND OFFICERS FOR THE NEXT FISCAL YEAR BASED ON THE AGREED UPON GOALS AND PRIORITIES. EACH AGENCY AND OFFICER MAY DEVELOP ITS OWN STRATEGIES FOR MEETING THOSE GOALS AND SHALL REVIEW AND ANALYZE THOSE STRATEGIES ON A REGULAR BASIS. THE GOVERNOR SHALL ALSO IMPLEMENT PROCEDURES TO MEASURE ANNUAL PROGRESS TOWARD THE STATE’S HIGHEST PRIORITY OUTCOMES AND SHALL DEVELOP A STATEWIDE REPORTING SYSTEM THAT COMPARES THE ACTUAL RESULTS WITH BUDGETED RESULTS. THOSE PERFORMANCE MEASURES AND RESULTS SHALL BE POSTED ON THE STATE COMPTROLLER’S WEBSITE, AND COMPILED FOR DISTRIBUTION IN THE COMPTROLLER’S PUBLIC ACCOUNTABILITY REPORT, AS IS CURRENTLY THE PRACTICE ON THE EFFECTIVE DATE OF THIS AMENDATORY ACT OF THE 96TH GENERAL ASSEMBLY. |
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| Illinois | 2009 | Innovation Development and Economy Act, 2009 ILL. SB 2093 | 220 | SEC. 220. ANGEL INVESTMENT CREDIT. [...] (H) ON OR BEFORE MARCH 1 OF EACH YEAR, THE DEPARTMENT SHALL REPORT TO THE GOVERNOR AND TO THE GENERAL ASSEMBLY ON THE TAX CREDIT CERTIFICATES AWARDED UNDER THIS SECTION FOR THE PRIOR CALENDAR YEAR. (1) THIS REPORT MUST INCLUDE, FOR EACH TAX CREDIT CERTIFICATE AWARDED: (A) THE NAME OF THE CLAIMANT AND THE AMOUNT OF CREDIT AWARDED OR ALLOCATED TO THAT CLAIMANT; (B) THE NAME AND ADDRESS OF THE QUALIFIED NEW BUSINESS VENTURE THAT RECEIVED THE INVESTMENT GIVING RISE TO THE CREDIT AND THE COUNTY IN WHICH THE QUALIFIED NEW BUSINESS VENTURE IS LOCATED; AND (C) THE DATE OF APPROVAL BY THE DEPARTMENT OF THE APPLICATIONS FOR THE TAX CREDIT CERTIFICATE. (2) THE REPORT MUST ALSO INCLUDE: (A) THE TOTAL NUMBER OF APPLICANTS AND AMOUNT FOR TAX CREDIT CERTIFICATES AWARDED UNDER THIS SECTION IN THE PRIOR CALENDAR YEAR; (B) THE TOTAL NUMBER OF APPLICATIONS AND AMOUNT FOR WHICH TAX CREDIT CERTIFICATES WERE ISSUED IN THE PRIOR CALENDAR YEAR; AND (C) THE TOTAL TAX CREDIT CERTIFICATES AND AMOUNT AUTHORIZED UNDER THIS SECTION FOR ALL CALENDAR YEARS. |
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| Illinois | 2009 | Small Business Job Creation Tax Credit Act | Small Business Job Creation Tax Credit Act, 2009 ILL. SB 1578 | Section 1. Short title. This Act may be cited as the Small Business Job Creation Tax Credit Act. Section 20. Certificate of eligibility for tax credit. (a) An applicant that has hired a new employee during the incentive period may apply for a certificate of eligibility for the credit with respect to that position on or after the date of hire of the new employee. The date of hire shall be the first day on which the employee begins providing services for basic wage compensation. (b) An applicant may apply for a certificate of eligibility for the credit for more than one new employee on or after the date of hire of each qualifying new employee. (c) After receipt of an application under this Section, the Department shall issue a certificate of eligibility to the applicant, stating: (1) The date and time on which the application was received by the Department and an identifying number assigned to the applicant by the Department. (2) The maximum amount of the credit the applicant could potentially receive under this Act with respect to the new employees listed on the application. (3) The maximum amount of the credit potentially allowable on certificates of eligibility issued for applications received prior to the application for which the certificate of eligibility is issued. Section 15. Powers of the Department. The Department, in addition to those powers granted under the Civil Administrative Code of Illinois, is granted and shall have all the powers necessary or convenient to carry out and effectuate the purposes and provisions of this Act, including, but not limited to, power and authority to: [...] (7) Require applicants, upon written request, to issue any necessary authorization to the appropriate federal, State, or local authority or any other person for the release to the Department of information requested by the Department, with the information requested to include, but not be limited to, financial reports, returns, or records relating to the applicant or to the amount of credit allowable under this Act. Section 25. Tax credit. (a) Subject to the conditions set forth in this Act, an applicant is entitled to a credit against payment of taxes withheld under Section 704A of the Illinois Income Tax Act for calendar years ending on or after the date that is 12 months after the date of hire of a new employee. The credit shall be allowed as a credit to an applicant for each full-time employee hired during the incentive period that results in a net increase in full-time Illinois employees, where the net increase in the employer’s full-time Illinois employees is maintained for at least 12 months. (b) The Department shall make credit awards under this Act to further job creation. (c) The credit shall be claimed for the first calendar year ending on or after the date on which the certificate is issued by the Department. (d) The credit shall not exceed $ 2,500 per new employee hired. (e) The net increase in full-time Illinois employees, measured on an annual full-time equivalent basis, shall be the total number of full-time Illinois employees of the applicant on June 30, 2011, minus the number of full-time Illinois employees employed by the employer on July 1, 2010. For purposes of the calculation, an employer that begins doing business in this State during the incentive period, as determined by the Director, shall be treated as having zero Illinois employees on July 1, 2010. (f) The net increase in the number of full-time Illinois employees of the applicant must be sustained continuously for at least 12 months, starting with the date of hire of a new employee during the incentive period. Eligibility for the credit does not depend on the continuous employment of any particular individual. For purposes of this subsection (f), if a new employee ceases to be employed before the completion of the 12-month period for any reason, the net increase in the number of full-time Illinois employees shall be treated as continuous if a different new employee is hired as a replacement within a reasonable time for the same position. |
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| Illinois | 2009 | General Accountability Law | 2009 ILL. SB 146 | Sec. 20-160. | Sec. 20-160. Business entities; certification; registration with the State Board of Elections. Sec. 20-160. Business entities; certification; registration with the State Board of Elections. (a) For purposes of this Section, the terms “business entity”, “contract”, “State contract”, “contract with a State agency”, “State agency”, “affiliated entity”, and “affiliated person” have the meanings ascribed to those terms in Section 50-37. (b) Every bid submitted to and every contract executed by the State on or after JANUARY 1, 2009 ( the effective date of PUBLIC Act 95-971) shall contain (1) a certification by the bidder or contractor that either (i) the bidder or contractor is not required to register as a business entity with the State Board of Elections pursuant to this Section or (ii) the bidder or contractor has registered as a business entity with the State Board of Elections and acknowledges a continuing duty to update the registration and (2) a statement that the contract is voidable under Section 50-60 for the bidder’s or contractor’s failure to comply with this Section. (d) Any business entity, not required under subsection (c) to register within 30 days after the effective date of this amendatory Act of the 95th General Assembly, whose aggregate bids and proposals on State contracts annually total more than $ 50,000, or whose aggregate bids and proposals on State contracts combined with the business entity’s aggregate annual total value of State contracts exceed $ 50,000, shall register with the State Board of Elections in accordance with Section 9-35 of the Election Code prior to submitting to a State agency the bid or proposal whose value causes the business entity to fall within the monetary description of this subsection. A business entity required to register under this subsection has a continuing duty to ensure that the registration is accurate during the period beginning on the date of registration and ending on the day after the date the contract is awarded. Any change in information must be reported to the State Board of Elections within 5 business days following such change OR NO LATER THAN A DAY BEFORE THE CONTRACT IS AWARDED, WHICHEVER DATE IS EARLIER . (e) A business entity whose contracts with State agencies, in the aggregate, annually total more than $ 50,000 must maintain its registration under this Section and has a continuing duty to ensure that the registration is accurate for the duration of the term of office of the incumbent officeholder awarding the contracts or for a period of 2 years following the expiration or termination of the contracts, whichever is longer. A BUSINESS ENTITY, REQUIRED TO REGISTER UNDER THIS SUBSECTION, HAS A CONTINUING DUTY TO REPORT ANY CHANGES ON A QUARTERLY BASIS TO THE STATE BOARD OF ELECTIONS WITHIN 10 BUSINESS DAYS FOLLOWING THE LAST DAY OF JANUARY, APRIL, JULY, AND OCTOBER OF EACH YEAR. ANY UPDATE PURSUANT TO THIS PARAGRAPH THAT IS RECEIVED BEYOND THAT DATE IS PRESUMED LATE AND THE CIVIL PENALTY AUTHORIZED BY SUBSECTION (E) OF SECTION 9-35 OF THE ELECTION CODE (10 ILCS 5/9-35) MAY BE ASSESSED. |
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| Illinois | 2009 | Hospital Capital Investment Program | 2009 ILL. HB 2424 | SEC. 2310-640. | SEC. 2310-640. HOSPITAL CAPITAL INVESTMENT PROGRAM. (A) SUBJECT TO APPROPRIATION, THE DEPARTMENT SHALL ESTABLISH AND ADMINISTER A PROGRAM TO AWARD CAPITAL GRANTS TO ILLINOIS HOSPITALS LICENSED UNDER THE HOSPITAL LICENSING ACT. GRANTS AWARDED UNDER THIS PROGRAM SHALL ONLY BE USED TO FUND CAPITAL PROJECTS TO IMPROVE OR RENOVATE THE HOSPITAL’S FACILITY OR TO IMPROVE, REPLACE OR ACQUIRE THE HOSPITAL’S EQUIPMENT OR TECHNOLOGY. SUCH PROJECTS MAY INCLUDE, BUT ARE NOT LIMITED TO, PROJECTS TO SATISFY ANY BUILDING CODE, SAFETY STANDARD OR LIFE SAFETY CODE; PROJECTS TO MAINTAIN, IMPROVE, RENOVATE, EXPAND OR CONSTRUCT BUILDINGS OR STRUCTURES; PROJECTS TO MAINTAIN, ESTABLISH OR IMPROVE HEALTH INFORMATION TECHNOLOGY; OR PROJECTS TO MAINTAIN OR IMPROVE PATIENT SAFETY, QUALITY OF CARE OR ACCESS TO CARE. THE DEPARTMENT SHALL ESTABLISH RULES NECESSARY TO IMPLEMENT THE HOSPITAL CAPITAL INVESTMENT PROGRAM, INCLUDING APPLICATION STANDARDS, REQUIREMENTS FOR THE DISTRIBUTION AND OBLIGATION OF GRANT FUNDS, ACCOUNTING FOR THE USE OF THE FUNDS, REPORTING THE STATUS OF FUNDED PROJECTS, AND STANDARDS FOR MONITORING COMPLIANCE WITH STANDARDS. IN AWARDING GRANTS UNDER THIS SECTION, THE DEPARTMENT SHALL CONSIDER CRITERIA THAT INCLUDE BUT ARE NOT LIMITED TO: THE FINANCIAL REQUIREMENTS OF THE PROJECT AND THE EXTENT TO WHICH THE GRANT MAKES IT POSSIBLE TO IMPLEMENT THE PROJECT; THE PROPOSED PROJECT’S LIKELY BENEFIT IN TERMS OF PATIENT SAFETY OR QUALITY OF CARE; AND THE PROPOSED PROJECT’S LIKELY BENEFIT IN TERMS OF MAINTAINING OR IMPROVING ACCESS TO CARE. THE DEPARTMENT SHALL APPROVE A HOSPITAL’S ELIGIBILITY FOR A HOSPITAL CAPITAL INVESTMENT GRANT PURSUANT TO THE STANDARDS ESTABLISHED BY THIS SECTION. THE DEPARTMENT SHALL DETERMINE ELIGIBLE PROJECT COSTS, INCLUDING BUT NOT LIMITED TO THE USE OF FUNDS FOR THE ACQUISITION, DEVELOPMENT, CONSTRUCTION, RECONSTRUCTION, REHABILITATION, IMPROVEMENT, ARCHITECTURAL PLANNING, ENGINEERING, AND INSTALLATION OF CAPITAL FACILITIES CONSISTING OF BUILDINGS, STRUCTURES, TECHNOLOGY AND DURABLE EQUIPMENT FOR HOSPITAL PURPOSES. NO PORTION OF A HOSPITAL CAPITAL INVESTMENT GRANT AWARDED BY THE DEPARTMENT MAY BE USED BY A HOSPITAL TO PAY FOR ANY ON-GOING OPERATIONAL COSTS, PAY OUTSTANDING DEBT, OR BE ALLOCATED TO AN ENDOWMENT OR OTHER INVESTED FUND. NOTHING IN THIS SECTION SHALL EXEMPT NOR RELIEVE ANY HOSPITAL RECEIVING A GRANT UNDER THIS SECTION FROM ANY REQUIREMENT OF THE ILLINOIS HEALTH FACILITIES PLANNING ACT. [...] (D) ANNUAL REPORT. THE DEPARTMENT OF PUBLIC HEALTH SHALL PREPARE AND SUBMIT TO THE GOVERNOR AND THE GENERAL ASSEMBLY AN ANNUAL REPORT BY JANUARY 1 OF EACH YEAR REGARDING ITS ADMINISTRATION OF THE HOSPITAL CAPITAL INVESTMENT PROGRAM, INCLUDING AN OVERVIEW OF THE PROGRAM AND INFORMATION ABOUT THE SPECIFIC PURPOSE AND AMOUNT OF EACH GRANT AND THE STATUS OF FUNDED PROJECTS. THE REPORT SHALL INCLUDE INFORMATION AS TO WHETHER EACH PROJECT IS SUBJECT TO AND AUTHORIZED UNDER THE ILLINOIS HEALTH FACILITIES PLANNING ACT, IF APPLICABLE. |
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| Illinois | 2007 | Film Production Services Tax Credit Act | Film Production Services Tax Credit Act of 2008, 2007 ILL. HB 2482 | Section 1. Short title. This Act may be cited as the Film Production Services Tax Credit Act of 2008. Section 45. Evaluation of tax credit program; reports to the General Assembly. (a) The Department shall evaluate the tax credit program. The evaluation must include an assessment of the effectiveness of the program in creating and retaining new jobs in Illinois and of the revenue impact of the program, and may include a review of the practices and experiences of other states or nations with similar programs. Upon completion of this evaluation, the Department shall determine the overall success of the program, and may make a recommendation to extend, modify, or not extend the program based on this evaluation. (b) At the end of each fiscal quarter, the Department must submit to the General Assembly a report that includes, without limitation, the following information: (1) the economic impact of the tax credit program, including the number of jobs created and retained, including whether the job positions are entry level, management, talent-related, vendor-related, or production-related; (2) the amount of film production spending brought to Illinois, including the amount of spending and type of Illinois vendors hired in connection with an accredited production; and (3) an overall picture of whether the human infrastructure of the motion picture industry in Illinois reflects the geographical, racial and ethnic, gender, and income-level diversity of the State of Illinois. (c) At the end of each fiscal year, the Department must submit to the General Assembly a report that includes, without limitation, the following information: (1) an identification of each vendor that provided goods or services that were included in an accredited production’s Illinois production spending; (2) the amount paid to each identified vendor by the accredited production; (3) for each identified vendor, a statement as to whether the vendor is a minority owned business or a female owned business, as defined under Section 2 of the Business Enterprise for Minorities, Females, and Persons with Disabilities Act; and (4) a description of any steps taken by the Department to encourage accredited productions to use vendors who are a minority owned business or a female owned business. Section 90. Continuation of prior law. This Act replaces and is intended to be a continuation of the Film Production Services Tax Credit Act, which was repealed on January 1, 2008. |
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| Illinois | 2007 | Illinois Affordable Housing Fund | 2007 ILL. HB 2353 | SEC. 5.5. ILLINOIS AFFORDABLE HOUSING CAPITAL FUND. (A) THERE IS HEREBY CREATED THE ILLINOIS AFFORDABLE HOUSING CAPITAL FUND, HEREINAFTER REFERRED TO AS THE “CAPITAL FUND”, TO BE HELD AS A SEPARATE FUND WITHIN THE STATE TREASURY AND TO BE ADMINISTERED BY THE PROGRAM ADMINISTRATOR. THE PURPOSE OF THE CAPITAL FUND IS TO FINANCE PROJECTS OF THE ILLINOIS AFFORDABLE HOUSING PROGRAM AS AUTHORIZED BY THE ILLINOIS HOUSING DEVELOPMENT AUTHORITY’S COMPREHENSIVE PLAN AND APPROVED BY THE PROGRAM ADMINISTRATOR. THE FUNDING AGENT SHALL ESTABLISH, WITHIN THE CAPITAL FUND, A GENERAL ACCOUNT TO BE USED FOR EXPENDITURES ASSOCIATED WITH IMPLEMENTING THE PROVISIONS OF THE ILLINOIS HOUSING DEVELOPMENT AUTHORITY’S COMPREHENSIVE PLAN, A COMMITMENT ACCOUNT, AND A DEVELOPMENT CREDITS ACCOUNT. THE FUNDING AGENT SHALL AUTHORIZE DISTRIBUTION OF CAPITAL FUND MONEYS TO THE PROGRAM ADMINISTRATOR OR A PAYEE DESIGNATED BY THE PROGRAM ADMINISTRATOR FOR PURPOSES AUTHORIZED BY THIS ACT. AFTER RECEIPT OF THE CAPITAL FUND MONEYS BY THE PROGRAM ADMINISTRATOR OR DESIGNATED PAYEE, THE PROGRAM ADMINISTRATOR SHALL ENSURE THAT ALL THOSE MONEYS ARE EXPENDED FOR A PUBLIC PURPOSE AND ONLY AS AUTHORIZED BY THIS ACT. (B) THERE SHALL BE DEPOSITED IN THE CAPITAL FUND SUCH AMOUNTS AS MAY BECOME AVAILABLE UNDER THE PROVISIONS OF THIS ACT, INCLUDING, BUT NOT LIMITED TO: (1) ANY APPROPRIATIONS MADE TO THE FUNDING AGENT ON BEHALF OF THE PROGRAM ADMINISTRATOR PURSUANT TO AN ISSUANCE OF GENERAL OBLIGATION BONDS OF THE STATE OF ILLINOIS; (2) ALL RECEIPTS, INCLUDING DIVIDENDS, PRINCIPAL, AND INTEREST REPAYMENTS, ATTRIBUTABLE TO ANY LOANS OR AGREEMENTS FUNDED FROM THE CAPITAL FUND; (3) ALL PROCEEDS OF ASSETS OF WHATEVER NATURE RECEIVED BY THE PROGRAM ADMINISTRATOR AND ATTRIBUTABLE TO DEFAULT WITH RESPECT TO LOANS OR AGREEMENTS FUNDED FROM THE CAPITAL FUND; (4) ALL FEES OR CHARGES COLLECTED BY THE PROGRAM ADMINISTRATOR OR FUNDING AGENT IN CONNECTION WITH LOANS OR AGREEMENTS FUNDED FROM THE CAPITAL FUND PURSUANT TO THIS ACT; (5) ANY OTHER FUNDS AS APPROPRIATED BY THE GENERAL ASSEMBLY; AND (6) ANY INCOME, LESS ANY ADMINISTRATIVE COSTS AND FEES ASSOCIATED WITH THE PROGRAM ESCROW, RECEIVED BY THE PROGRAM ADMINISTRATOR THAT IS DERIVED FROM MONEYS IN THE CAPITAL FUND HELD IN THE PROGRAM ESCROW PRIOR TO EXPENDITURE OF SUCH MONEYS. SEC. 8.5. USES OF ILLINOIS AFFORDABLE HOUSING CAPITAL FUND; REPORT. (A) SUBJECT TO ANNUAL APPROPRIATION TO THE FUNDING AGENT, THE ILLINOIS AFFORDABLE HOUSING CAPITAL FUND MAY BE USED TO MAKE GRANTS, MORTGAGES, OR OTHER LOANS TO ACQUIRE, CONSTRUCT, REHABILITATE, DEVELOP, INSURE, AND RETAIN AFFORDABLE SINGLE-FAMILY AND MULTI-FAMILY HOUSING IN THIS STATE FOR LOW-INCOME AND VERY LOW-INCOME HOUSEHOLDS. THE MAJORITY OF MONEYS APPROPRIATED TO THE ILLINOIS AFFORDABLE HOUSING CAPITAL FUND IN ANY GIVEN YEAR ARE TO BE USED FOR AFFORDABLE HOUSING FOR VERY LOW-INCOME HOUSEHOLDS. (B) THE ILLINOIS HOUSING DEVELOPMENT AUTHORITY SHALL SUBMIT AN ANNUAL REPORT TO THE GENERAL ASSEMBLY AND THE GOVERNOR REGARDING THE ILLINOIS AFFORDABLE HOUSING CAPITAL FUND. |
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| Illinois | 2007 | Community Self-Revitalization Act | Community Self-Revitalization Act, 2007 ILL. HB 1259 | Section 1. Short title. This Act may be cited as the Community Self-Revitalization Act. Section 10. Definitions. As used in this Section: “Community” means a municipality or a county with respect to the unincorporated areas of a county. “Department” means the Department of Commerce and Economic Opportunity. “Economically distressed community” means (i) in the case of a municipality with a population of 25,000 or more, the municipality is certified by the Department as being in the highest 10% of all municipalities of 25,000 or more in the State in its average annual total unemployment rate for the last completed calendar year and its poverty rate, pursuant to the most recent U.S. census data available or (ii) in the case of a municipality with a population of less than 25,000 or an unincorporated area, a municipality or unincorporated area that is located at least partly in a county that is certified by the Department as being in the highest 10% of all counties in its average annual total unemployment rate for the last completed calendar year and its poverty rate, pursuant to the most recent U.S. census data available. Section 15. Certification; Board of Economic Advisors. (a) In order to receive the assistance as provided in this Act, a community shall first, by ordinance passed by its corporate authorities, request that the Department certify that it is an economically distressed community. The community must submit a certified copy of the ordinance to the Department. After review of the ordinance, if the Department determines that the community meets the requirements for certification, the Department may certify the community as an economically distressed community. [...] Section 20. Action by the Board. [...] (d) Advise. The Board shall act as the liaison between the community and the local, county, and State Government. The Board shall make use of the resources of these governmental entities and shall provide counsel to each of these bodies with respect to economic development. The Board shall also act as a liaison between private business entities located in the community and the community itself. The Board shall offer advice and assistance to these entities when requested and provide incentives and support, both economic and otherwise, to facilitate expansion and further investment in the community by the businesses. The Board shall annually submit a report to the General Assembly and the Governor summarizing the accomplishments of the community concerning revitalization and the goals of the community for future revitalization. Section 25. Funding sources. Subject to appropriation, the Department may make grants to communities that are certified as economically distressed communities under this Act and that create a Board of Economic Advisors under this Act for the operational expenses of the Board. The procedures for grant application shall be established by the Department by rule. |
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| Illinois | 2007 | Advanced Science Zones incentives | 2007 ILL. SB 1097 | SEC. 605-312. | SEC. 605-312. ADVANCED SCIENCE AND TECHNOLOGY STUDY. SUBJECT TO APPROPRIATION, THE DEPARTMENT MAY CONDUCT A RESEARCH STUDY REGARDING THE CREATION OF ADVANCED SCIENCE ZONES AND OTHER INNOVATIVE POLICY PROPOSALS TO ENCOURAGE THE CREATION OF APPROPRIATELY COMPENSATED HIGH-SKILL AND HIGH-TECHNOLOGY JOBS IN ILLINOIS. THE PURPOSE OF THE STUDY IS TO EXPLORE WAYS AND MEANS OF STIMULATING GROWTH, STABILIZATION, AND RETENTION OF ADVANCED SCIENCES IN THE STATE BY MEANS OF RELAXED GOVERNMENT CONTROLS AND TAX INCENTIVES IN THOSE AREAS. THE STUDY SHALL PROVIDE, BUT NOT BE LIMITED TO, DETAILED INFORMATION INCLUDING BEST PRACTICES FOR THE CREATION AND ADMINISTRATION OF ADVANCED SCIENCE ZONES IN ILLINOIS. THE RESEARCH STUDY MAY ALSO INCLUDE DATA REGARDING THE CREATION OF FINANCING PROGRAMS AND TAX INCENTIVES FOR BUSINESSES AND INSTITUTIONS LOCATED WITHIN ADVANCED SCIENCE ZONES. IN CONDUCTING THE RESEARCH AND IN FORMULATING ITS RECOMMENDATIONS, THE DEPARTMENT MUST BE ADVISED BY AND SHALL CONSULT WITH THE APPROPRIATE COMMITTEES OF THE SENATE AND HOUSE OF REPRESENTATIVES. THE DEPARTMENT SHALL REVIEW AND CONSIDER STRATEGIES, PROGRAMS, AND PRACTICES THAT HAVE BEEN IMPLEMENTED IN OTHER STATES AND SHALL SEEK AND CONSIDER THE VIEWS AND RECOMMENDATIONS OF BOTH THE PUBLIC AND PRIVATE SECTORS. A COPY OF THE COMPLETED RESEARCH REPORT SHALL BE MADE AVAILABLE TO MEMBERS OF THE GENERAL ASSEMBLY UPON THEIR REQUEST NO LATER THAN JANUARY 31, 2008. |
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| Illinois | 2007 | General Accountability Law | 2007 ILL. HB 824 | 9-35., 20-160. | SEC. 9-35. REGISTRATION OF BUSINESS ENTITIES. (A) THIS SECTION GOVERNS THE PROCEDURES FOR THE REGISTRATION REQUIRED UNDER SECTION 20-160 OF THE ILLINOIS PROCUREMENT CODE. FOR THE PURPOSES OF THIS SECTION, THE TERMS “OFFICEHOLDER”, “STATE CONTRACT”, “BUSINESS ENTITY”, “STATE AGENCY”, “AFFILIATED ENTITY”, AND “AFFILIATED PERSON” HAVE THE MEANINGS ASCRIBED TO THOSE TERMS IN SECTION 50-37 OF THE ILLINOIS PROCUREMENT CODE. [...] (G) THE STATE BOARD OF ELECTIONS ON ITS OFFICIAL WEBSITE SHALL HAVE A SEARCHABLE DATABASE CONTAINING (I) ALL INFORMATION REQUIRED TO BE SUBMITTED TO THE BOARD UNDER SECTION 20-160 OF THE ILLINOIS PROCUREMENT CODE AND (II) ALL REPORTS FILED UNDER THIS ARTICLE WITH THE STATE BOARD OF ELECTIONS BY ALL POLITICAL COMMITTEES. FOR THE PURPOSES OF DATABASES MAINTAINED BY THE STATE BOARD OF ELECTIONS, “SEARCHABLE” MEANS ABLE TO SEARCH BY “POLITICAL COMMITTEE”, AS DEFINED IN THIS ARTICLE, AND BY “OFFICEHOLDER”, “STATE AGENCY”, “BUSINESS ENTITY”, “AFFILIATED ENTITY”, AND “AFFILIATED PERSON”. THE BOARD SHALL NOT PLACE THE NAME OF A MINOR CHILD ON THE WEBSITE. HOWEVER, THE BOARD SHALL PROVIDE A LINK TO ALL CONTRIBUTIONS MADE BY ANYONE REPORTING THE SAME RESIDENTIAL ADDRESS AS ANY AFFILIATED PERSON. IN ADDITION, THE STATE BOARD OF ELECTIONS ON ITS OFFICIAL WEBSITE SHALL PROVIDE AN ELECTRONIC CONNECTION TO ANY SEARCHABLE DATABASE OF STATE CONTRACTS MAINTAINED BY THE COMPTROLLER, SEARCHABLE BY BUSINESS ENTITY. (H) THE STATE BOARD OF ELECTIONS SHALL HAVE RULEMAKING AUTHORITY TO IMPLEMENT THIS SECTION. SEC. 20-160. BUSINESS ENTITIES; CERTIFICATION; REGISTRATION WITH THE STATE BOARD OF ELECTIONS. (A) FOR PURPOSES OF THIS SECTION, THE TERMS “BUSINESS ENTITY”, “CONTRACT”, “STATE CONTRACT”, “CONTRACT WITH A STATE AGENCY”, “STATE AGENCY”, “AFFILIATED ENTITY”, AND “AFFILIATED PERSON” HAVE THE MEANINGS ASCRIBED TO THOSE TERMS IN SECTION 50-37. (B) EVERY BID SUBMITTED TO AND EVERY CONTRACT EXECUTED BY THE STATE ON OR AFTER THE EFFECTIVE DATE OF THIS AMENDATORY ACT OF THE 95TH GENERAL ASSEMBLY SHALL CONTAIN (1) A CERTIFICATION BY THE BIDDER OR CONTRACTOR THAT EITHER (I) THE BIDDER OR CONTRACTOR IS NOT REQUIRED TO REGISTER AS A BUSINESS ENTITY WITH THE STATE BOARD OF ELECTIONS PURSUANT TO THIS SECTION OR (II) THE BIDDER OR CONTRACTOR HAS REGISTERED AS A BUSINESS ENTITY WITH THE STATE BOARD OF ELECTIONS AND ACKNOWLEDGES A CONTINUING DUTY TO UPDATE THE REGISTRATION AND (2) A STATEMENT THAT THE CONTRACT IS VOIDABLE UNDER SECTION 50-60 FOR THE BIDDER’S OR CONTRACTOR’S FAILURE TO COMPLY WITH THIS SECTION. |
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| Illinois | 2007 | County economic development | 2007 ILL. HB 310 | Sec. 5-1005. | Sec. 5-1005. Powers. Each county shall have power: [...] 21. TO APPROPRIATE AND EXPEND FUNDS FROM THE COUNTY TREASURY FOR ECONOMIC DEVELOPMENT PURPOSES, INCLUDING THE MAKING OF GRANTS TO ANY OTHER GOVERNMENTAL ENTITY OR COMMERCIAL ENTERPRISE DEEMED NECESSARY OR DESIRABLE FOR THE PROMOTION OF ECONOMIC DEVELOPMENT IN THE COUNTY. |
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| Illinois | 2005 | Public-private agreements | Riverdale Development Authority Act, 2005 ILL. SB 821 | Section 1. Short title. This Act may be cited as the Riverdale Development Authority Act. Section 25. Powers. The Authority possesses all powers of a body corporate necessary and convenient to accomplish the purpose of this Act, including without limitation the following:[...] (t) to enter into agreements with businesses, form public-private partnership entities and appropriate funds to such entities as needed to achieve the purpose of this Act; andSection 45. Reports. The Authority shall, annually, submit a report of its finances to the Auditor General. The Authority shall, annually, submit a report of its activities to the Governor and to the General Assembly. |
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| Illinois | 2005 | General Economic Development | 2005 ILL. SB 17 | Ibidem. | N | N | Y | |
| Illinois | 2005 | General Economic Development | Central Illinois Economic Development Authority Act, 2005 ILL. HB 4147 | Section 15. Creation. (a) There is created a political subdivision, body politic, and municipal corporation named the Central Illinois Economic Development Authority. The territorial jurisdiction of the Authority is that geographic area within the boundaries of the following counties: Macon, Sangamon, Menard, Logan, Christian, DeWitt, Macoupin, Montgomery, Calhoun, Greene, and Jersey and any navigable waters and air space located therein. Section 35. Bonds. (a) The Authority, with the written approval of the Governor, shall have the continuing power to issue bonds, notes, or other evidences of indebtedness in an aggregate amount not to exceed $ 250,000,000 for the following purposes: (i) development, construction, acquisition, or improvement of projects, including those established by business entities locating or expanding property within the territorial jurisdiction of the Authority; (ii) entering into venture capital agreements with businesses locating or expanding within the territorial jurisdiction of the Authority; and (iii) acquisition and improvement of any property necessary and useful in connection therewith. For the purpose of evidencing the obligations of the Authority to repay any money borrowed, the Authority may, pursuant to resolution, from time to time, issue and dispose of its interest-bearing revenue bonds, notes, or other evidences of indebtedness and may also from time to time issue and dispose of such bonds, notes, or other evidences of indebtedness to refund, at maturity, at a redemption date or in advance of either, any bonds, notes, or other evidences of indebtedness pursuant to redemption provisions or at any time before maturity. All such bonds, notes, or other evidences of indebtedness shall be payable solely and only from the revenues or income to be derived from loans made with respect to projects, from the leasing or sale of the projects, or from any other funds available to the Authority for such purposes. The bonds, notes, or other evidences of indebtedness may bear such date or dates, may mature at such time or times not exceeding 40 years from their respective dates, may bear interest at such rate or rates not exceeding the maximum rate permitted by the Bond Authorization Act, may be in such form, may carry such registration privileges, may be executed in such manner, may be payable at such place or places, may be made subject to redemption in such manner and upon such terms, with or without premium, as is stated on the face thereof, may be authenticated in such manner and may contain such terms and covenants as may be provided by an applicable resolution. [...] Section 70. Reports. The Authority shall annually submit a report of its finances to the Auditor General. The Authority shall annually submit a report of its activities to the Governor and to the General Assembly. |
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| Illinois | 2005 | U.S. Military Public/Private Residential Developments | 2005 ILL. SB 702 | SEC. 10-370. | [A> SEC. 10-370. DEFINITIONS. FOR THE PURPOSES OF THIS DIVISION 14: <A] [A> (A) "PPV LEASE" MEANS A LEASEHOLD INTEREST IN PROPERTY THAT IS EXEMPT FROM TAXATION UNDER SECTION 15-50 OF THIS CODE AND THAT IS LEASED, PURSUANT TO AUTHORITY SET FORTH IN CHAPTER 10 OF THE UNITED STATES CODE, TO ANOTHER WHOSE PROPERTY IS NOT EXEMPT FOR THE PURPOSE OF, AFTER JANUARY 1, 2006, THE DESIGN, FINANCE, CONSTRUCTION, RENOVATION, MANAGEMENT, OPERATION, AND MAINTENANCE OF RENTAL HOUSING UNITS AND ASSOCIATED IMPROVEMENTS AT NAVAL TRAINING AND RELATED NAVAL SUPPORT FACILITIES IN THE STATE OF ILLINOIS. <A] [...] [A> (D) BY APRIL 15 OF EACH YEAR, THE HOLDER OF A PPV LEASE MUST REPORT TO THE CHIEF COUNTY ASSESSMENT OFFICER IN EACH COUNTY IN WHICH THE LEASEHOLD PROPERTY IS LOCATED THE ANNUAL GROSS INCOME AND EXPENSES DERIVED AND INCURRED FROM THE PPV LEASE, INCLUDING THE RENTAL OF LEASED PROPERTY FOR EACH MILITARY HOUSING FACILITY SUBJECT TO A PPV LEASE. <A] |
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| Illinois | 2005 | Economic Development for a Growing Economy Tax Credit Act (EDGE) | Business Location Efficiency Incentive Act, 2005 ILL. SB 2885 | Section 5. Definitions. In this Act: "Location efficient" means a project that maximizes the use of existing investments in infrastructure, avoids or minimizes additional government expenditures for new infrastructure, and has nearby housing affordable to the permanent workforce of the project or has accessible and affordable mass transit or its equivalent or some combination of both. "Location efficiency report" means a report that is prepared by an applicant for increased State economic development assistance under Section 10 and follows this Act and any related Department guidelines, and that describes the existence of (i) affordable workforce housing or (ii) accessible and affordable mass transit or its equivalent. [...] "Economic development assistance" means State tax credits and tax exemptions given as an incentive to an eligible company after certification by DCEO under the Economic Development for a Growing Economy Tax Credit Act (EDGE). Section 15. Summaries; progress reports. (a) DCEO shall include summaries of the initial employee housing or transportation plans for each assisted project in the annual compilation and publication of project progress reports required under subsection (d) of Section 20 of the Corporate Accountability for Tax Expenditures Act. Companies that fail to do so or that make inadequate progress shall have their increased tax credit or extension eliminated. Applicants and submitted data are subject to all disclosure, reporting, and recapture provisions set forth in Public Act 93-552. (b) By June 1, 2008 and by June 1 of each year thereafter through 2011, the Department shall include, when appropriate, data on the outcomes or status of approved employee housing or transportation plans in the project progress reports required under the Corporate Accountability for Tax Expenditure Act. Section 20. Duration of incentives; report to General Assembly. (a) Any multi-year incentive awarded under this Act shall continue for the time period called for in the agreement with the Department and shall not be altered by the repeal of this Act. (b) By January 1, 2011, the Department shall submit to the Speaker of the House of Representatives and the President of the Senate, for assignment to the appropriate committees, a report on the incentives awarded under this Act and the Department's activities, findings, and recommendations with respect to this Act and its extension, amendment, or repeal. The report, when acted upon by those committees, shall be distributed to each member of the General Assembly. |
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| Illinois | 2005 | Chanute-Rantoul National Aviation Center Redevelopment Commission Act | Chanute-Rantoul National Aviation Center Redevelopment Commission Act, 2005 ILL. HB 5305 | Section 1. Short title. This Act may be cited as the Chanute-Rantoul National Aviation Center Redevelopment Commission Act. Section 5. Purpose. The purpose of this Act is to facilitate and promote the economic and environmental redevelopment of the area formerly known as Chanute Air Force Base. Section 30. Bonds or notes. (a) The Commission shall have the power to issue bonds or notes for the purpose of developing, constructing, acquiring, or improving projects, including, without limitation, those established by business entities locating or expanding property within the territorial jurisdiction of the Commission. Section 35. Annual report. The Authority shall annually submit a report of its finances to the Auditor General. The Authority shall annually submit a report of its activities to the Governor and to the General Assembly. |
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| Illinois | 2003 | General Economic Development | 2003 ILL. SB 1075 | Section 801-10. Definitions. The following terms, whenever used or referred to in this Act, shall have the following meanings, except in such instances where the context may clearly indicate otherwise: (a) The term "Authority" means the Illinois Finance Authority created by this Act. [...] Section 801-40. In addition to the powers otherwise authorized by law and in addition to the foregoing general corporate powers, the Authority shall also have the following additional specific powers to be exercised in furtherance of the purposes of this Act. [...] (n) The Authority may establish an urban development action grant program for the purpose of assisting municipalities in Illinois which are experiencing severe economic distress to help stimulate economic development activities needed to aid in economic recovery. The Authority shall determine the types of activities and projects for which the urban development action grants may be used, provided that such projects and activities are broadly defined to include all reasonable projects and activities the primary objectives of which are the development of viable urban communities, including decent housing and a suitable living environment, and expansion of economic opportunity, principally for persons of low and moderate incomes. The Authority shall enter into grant agreements from monies appropriated for such purposes from the Build Illinois Bond Fund or the Build Illinois Purposes Fund. The Authority shall monitor the use of the grants, and shall provide for audits of the funds as well as recovery by the Authority of any funds determined to have been spent in violation of this subsection (n) or any rule or regulation promulgated hereunder. The Authority shall provide technical assistance with regard to the effective use of the urban development action grants. The Authority shall file an annual report to the General Assembly concerning the progress of the grant program. Section 825-15. Credit Enhancement Development Fund. (a) There is hereby created the Credit Enhancement Development Fund in the Authority. The Treasurer shall have custody of the fund, which shall be held outside the State treasury. Custody may be transferred to and held by any fiduciary with whom the Authority executes a trust agreement. All or any portion of such amounts may be used (i) to pay principal, interest and premium, if any, on any bonds issued by the Authority or to fund any reserves or accounts created for such purpose, (ii) to pay the cost of any letter of credit, insurance or third party guarantee provided with respect to any bond issued by the Authority or loan made by the Authority, (iii) to guarantee or otherwise enhance the credit of any bond issued by the Authority or loan made by the Authority, or (iv) to make loans to any person, corporation or unit of local government for any project authorized to be financed by the Authority under this Act. (b) The Authority shall report to the Governor and the General Assembly no later than June 1, 2004, on the extent to which its use of monies in this Fund has enhanced the creditworthiness of its bonds issued or loans made with respect to any person, thereby reducing the cost of financing projects authorized by this Act. Sec. 3. Definitions. In this Act, unless the context otherwise clearly requires, the terms used herein shall have the meanings ascribed to them as follows: [...] (h) "State authority" or "authority" means the Illinois [D> Development <D] Finance Authority created by the Illinois [D> Development <D] Finance Authority Act. [...] Sec. 7. Powers. In addition to the powers otherwise authorized by law, for the purposes of this Act, the State authority shall have the following powers together with all powers incidental thereto or necessary for the performance thereof: [...] (16) to do all things necessary and convenient to carry out the purposes of this Act. [...] The Authority shall give special consideration to small businesses in authorizing the issuance of bonds for the financing of environmental facilities pursuant to subsection (c) of Section 2. The Authority shall make a financial report on all projects financed under this Section to the General Assembly, to the Governor, and to the Illinois Economic and Fiscal Commission by April 1 of each year. Such report shall be a public record and open for inspection at the offices of the Authority during normal business hours. The report shall include: (a) all applications for loans and other financial assistance presented to the members of the Authority during such fiscal year, (b) all projects and owners thereof which have received any form of financial assistance from the Authority during such year, (c) the nature and amount of all such assistance, and (d) projected activities of the Authority for the next fiscal year, including projection of the total amount of loans and other financial assistance anticipated and the amount of revenue bonds or other evidences of indebtedness that will be necessary to provide the projected level of assistance during the next fiscal year. [...] |
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| Illinois | 2003 | General Economic Development | Corporate Accountability for Tax Expenditures Act, 2003 ILL. HB 235 | Section 20. State development assistance disclosure. | Section 20. State development assistance disclosure. (a) Beginning February 1, 2005 and each year thereafter, every State granting body shall submit to the Department copies of all development assistance agreements that it approved in the prior calendar year. (b) For each development assistance agreement for which the date of assistance has occurred in the prior calendar year, each recipient shall submit to the Department a progress report that shall include, but not be limited to, the following: (1) The application tracking number. (2) The office mailing address, telephone number, and the name of the chief officer of the granting body. (3) The office mailing address, telephone number, 4-digit SIC number or successor number, and the name of the chief officer of the applicant or authorized designee for the specific project site for which the development assistance was approved by the State granting body. (4) The type of development assistance program and value of assistance that was approved by the State granting body. (5) The applicant's total number of employees at the specific project site on the date that the application was submitted to the State granting body and the applicant's total number of employees at the specific project site on the date of the report, including the number of full-time, permanent jobs, the number of part-time jobs, and the number of temporary jobs, and a computation of the gain or loss of jobs in each category. (6) The number of new employees and retained employees the applicant stated in its development assistance agreement, if any, if not, then in its application, would be created by the development assistance broken down by full-time, permanent, part-time, and temporary. [...] (d) By June 1, 2005 and by June 1 of each year thereafter, the Department shall compile and publish all data in all of the progress reports in both written and electronic form. |
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| Illinois | 2003 | General Transparency Laws | 2003 ILL. SB 2206 | Section 10-110. | Section 10-110. The General Obligation Bond Act is amended by changing Sections 2, 8, 9, 11, and 16 and by adding Sections 2.5, 15.5, and 21 as follows: [...] Sec. 8. Bond sale expenses [D> ; capitalized interest <D] . (a) An amount not to exceed 0.5 percent of the principal amount of the proceeds of sale of each bond sale is authorized to be used to pay the reasonable costs of issuance and sale [A> , INCLUDING, WITHOUT LIMITATION, UNDERWRITER'S DISCOUNTS AND FEES, BUT EXCLUDING BOND INSURANCE, <A] of State of Illinois general obligation bonds authorized and sold pursuant to this Act [A> , PROVIDED THAT NO SALARIES OF STATE EMPLOYEES OR OTHER STATE OFFICE OPERATING EXPENSES SHALL BE PAID OUT OF NON- APPROPRIATED PROCEEDS. THE GOVERNOR'S OFFICE OF MANAGEMENT AND BUDGET SHALL COMPILE A SUMMARY OF ALL COSTS OF ISSUANCE ON EACH SALE (INCLUDING BOTH COSTS PAID OUT OF PROCEEDS AND THOSE PAID OUT OF APPROPRIATED FUNDS) AND POST THAT SUMMARY ON ITS WEB SITE WITHIN 20 BUSINESS DAYS AFTER THE ISSUANCE OF THE BONDS. THE SUMMARY SHALL INCLUDE, AS APPLICABLE, THE RESPECTIVE PERCENTAGES OF PARTICIPATION AND COMPENSATION OF EACH UNDERWRITER THAT IS A MEMBER OF THE UNDERWRITING SYNDICATE, LEGAL COUNSEL, FINANCIAL ADVISORS, AND OTHER PROFESSIONALS FOR THE BOND ISSUE AND AN IDENTIFICATION OF ALL COSTS OF ISSUANCE PAID TO MINORITY OWNED BUSINESSES, FEMALE OWNED BUSINESSES, AND BUSINESSES OWNED BY PERSONS WITH DISABILITIES. THE TERMS "MINORITY OWNED BUSINESSES", "FEMALE OWNED BUSINESSES", AND "BUSINESS OWNED BY A PERSON WITH A DISABILITY" HAVE THE MEANINGS GIVEN TO THOSE TERMS IN THE BUSINESS ENTERPRISE FOR MINORITIES, FEMALES, AND PERSONS WITH DISABILITIES ACT. THAT POSTING SHALL BE MAINTAINED ON THE WEB SITE FOR A PERIOD OF AT LEAST 30 DAYS. IN ADDITION, THE GOVERNOR'S OFFICE OF MANAGEMENT AND BUDGET SHALL PROVIDE A WRITTEN COPY OF EACH SUMMARY OF COSTS TO THE SPEAKER AND MINORITY LEADER OF THE HOUSE OF REPRESENTATIVES, THE PRESIDENT AND MINORITY LEADER OF THE SENATE, AND THE ILLINOIS ECONOMIC AND FISCAL COMMISSION WITHIN 20 BUSINESS DAYS AFTER EACH ISSUANCE OF THE BONDS. IN ADDITION, THE GOVERNOR'S OFFICE OF MANAGEMENT AND BUDGET SHALL PROVIDE COPIES OF ALL CONTRACTS UNDER WHICH ANY COSTS OF ISSUANCE ARE PAID OR TO BE PAID TO THE ILLINOIS ECONOMIC AND FISCAL COMMISSION WITHIN 20 BUSINESS DAYS AFTER THE ISSUANCE OF BONDS FOR WHICH THOSE COSTS ARE PAID OR TO BE PAID. INSTEAD OF FILING A SECOND OR SUBSEQUENT COPY OF THE SAME CONTRACT, THE GOVERNOR'S OFFICE OF MANAGEMENT AND BUDGET MAY FILE A STATEMENT THAT SPECIFIED COSTS ARE PAID UNDER SPECIFIED CONTRACTS FILED EARLIER WITH THE COMMISSION <A] . |
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| Illinois | 2001 | Child support services | Unified Child Support Services Act, 2001 ILL. SB 1966 | Section 25. Performance standards. (a) In consultation with the Department's statewide Child Support Advisory Committee and a designated representative of the Illinois State's Attorneys Association, the Department shall establish the following by rule: (1) Measures of performance for all State's Attorneys operating a program and contractors and local governmental entities providing child support services in the IV-D Child Support Program with respect to parentage establishment, support order establishment, current support collections, arrearage collections, cost-effectiveness, or any other measures used by the federal government or as set forth by the Department. (2) Procedures for apportioning any projected incentive funding between any eligible contractors or local governmental entities. (b) Once each year, the Department shall estimate the total State and federal incentive funding that will be available for distribution under this subsection during the following year. Any State's Attorney operating a program and a contractor or local governmental entity providing child support services in the IV-D Child Support Program are eligible to earn incentive payments, based on the score received for performance standards required under this Section and the amount available for that year under this subsection. (c) Once each year, the Department shall apply the performance standards to all State's Attorneys operating a program and contractors and local governmental entities providing child support services in the IV-D Child Support Program, and shall publish a report of such performance levels and corresponding scores used in calculating the incentive payment amount. Section 30. Annual report to General Assembly. The Department shall submit to the General Assembly an annual report on the operation of Programs during the preceding State fiscal year. The annual report must include, but need not be limited to, the following: (1) The report of performance levels and corresponding scores used in calculating the incentive payment amounts under Section 20. (2) A narrative description of each Program operating in the State, including (i) the manner in which a State's Attorney complied or failed to comply with each assurance included in the applicable Plan and (ii) the Program's annual budget and staffing. |
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| Illinois | 2001 | Illinois Investment and Development Authority Act | Illinois Investment and Development Authority Act, 2001 ILL. HB 4157 | Section 1. Short title. This Act may be cited as the Illinois Investment and Development Authority Act. Section 5. Purpose. The purpose of this Act is to create a State entity to support the creation and growth of community development financial institutions, which provide access to capital for business development, capital investments, and other financing to expand private sector activities in economically disadvantaged communities and for low income people, by providing grants, loans, and technical assistance to CDFIs. Assistance by this entity would (i) expand financial services and capital access in economically disadvantaged communities, (ii) provide support for the creation of new small businesses and new jobs in economically disadvantaged communities, (iii) create opportunities for banks to get a federal incentive for investments in a CDFI, (iv) increase this State's share of the money distributed annually by the federal Community Development Financial Institutions Fund, and (v) create a new partnership between the State, banks and thrifts, and CDFIs. Section 75. Report to General Assembly. Within 90 days after the end of each fiscal year, the Authority shall prepare a report for that fiscal year and file it with the General Assembly as provided in Section 3.1 of the General Assembly Organization Act. The report shall include the amount of funds appropriated to the Authority that were deposited by the Authority in special accounts in banks or trust companies, the amount of disbursements made from the special accounts, the number, name, and location of CDFIs accredited by the Authority, and the number and amount of grants to CDFIs or nonprofit organizations. |
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| Illinois | 2001 | Illinois AgriFIRST Program | Illinois AgriFIRST Program Act of 2001, 2001 ILL. SB 994 | Section 15. Illinois AgriFIRST Program Requirements. (a) The Department shall review grant requests for the Illinois AgriFIRST Grant Program that are submitted to the Department. The Department, in reviewing the applications, must consider, but is not limited to considering the following criteria: (1) The project has a reasonable assurance of enhancing the value of agricultural products or will expand agribusiness in Illinois. (2) Preliminary market and feasibility research has been conducted by the applicant or others and there is a reasonable assurance of a potential market. (3) The applicant has demonstrated the ability to manage the business or commercialize the idea. (4) There is favorable community support for the project. (5) There are favorable recommendations from local economic development groups, university-based technical specialists, or other qualified service providers. (6) The applicant demonstrates a personal commitment and a commercialization development plan. (7) There is an adequate and realistic budget projection. (8) The application meets the eligibility requirements and the project costs are eligible under this Act. (9) The applicant has established a need for the grant. (10) The economic impact of the project on the State's agriculture and agribusiness sector. Section 20. Report. The Director must file with the Governor, the State Treasurer, the Secretary of the Senate, and the Clerk of the House of Representatives, by March 1 of each year, a written report covering the activities of the Department for the previous calendar year. The report is a public record and must be available for inspection at the offices of the Department during normal business hours. The report must include a complete list of (i) all applications for grants under the Illinois AgriFIRST Grant Program during the calendar year; (ii) all persons that have received any form of financial assistance from the Department during the calendar year; and (iii) the nature and amount of all financial assistance. |
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| Illinois | 1999 | New Stadium Construction | 1999 ILL. HB 1284 | Sec. 9. Duties. In addition to the powers set forth elsewhere in this Act, subject to the terms of any agreements with the holders of the Authority's bonds or notes, the Authority shall: [...] (5) In connection with prequalification of general contractors for [A> THE CONSTRUCTION OF A NEW STADIUM FACILITY OR THE RECONSTRUCTION, RENOVATION, REMODELING, EXTENSION, OR IMPROVEMENT OF ALL OR SUBSTANTIALLY ALL OF AN EXISTING <A] [D> construction of the new stadium <D] facility, the Authority shall require submission of a commitment detailing how the general contractor will expend 25% or more of the dollar value of the general contract with one or more minority business enterprises and 5% or more of the dollar value with one or more female business enterprises. This commitment may be met by contractor's status as a minority business enterprise or female business enterprise, by a joint venture or by subcontracting a portion of the work with or by purchasing materials for the work from one or more such enterprises, or by any combination thereof. Any contract with the general contractor for construction of the new stadium facility [A> AND ANY CONTRACT FOR THE RECONSTRUCTION, RENOVATION, REMODELING, ADDING TO, EXTENSION OR IMPROVEMENT OF ALL OR SUBSTANTIALLY ALL OF AN EXISTING FACILITY <A] shall require the general contractor to meet the foregoing obligations and shall require monthly reporting to the Authority with respect to the status of the implementation of the contractor's affirmative action plan and compliance with that plan. This report shall be filed with the General Assembly. The Authority shall establish and maintain an affirmative action program designed to promote equal employment opportunity which specifies the goals and methods for increasing participation by minorities and women in a representative mix of job classifications required to perform the respective contracts. The Authority shall file a report before March 1 of each year with the General Assembly detailing its implementation of this paragraph. The terms "minority business enterprise" and "female business enterprise" shall have the [A> SAME <A] meanings [A> AS "MINORITY OWNED BUSINESS" AND "FEMALE OWNED BUSINESS", RESPECTIVELY, AS DEFINED <A] [D> provided <D] in the [D> Minority and Female <D] Business Enterprise [A> FOR MINORITIES, FEMALES, AND PERSONS WITH DISABILITIES <A] Act [A> . <A] [D> ; <D] Sec. 10. Reporting. (1) Promptly following entering into a management agreement [A> OR AN ASSISTANCE AGREEMENT <A] [D> and a construction contract <D] involving a new facility or facility site, the Authority shall submit a detailed written report and findings of the Authority with respect to the proposed management agreement or [A> ASSISTANCE AGREEMENT <A] [D> contract <D] to the General Assembly. (2) The report and findings of the Authority shall include: [A> (I) <A] [D> (I) <D] A detailed plan of the method of funding the management agreement or [A> ASSISTANCE AGREEMENT <A] [D> contract <D] ; [A> (II) <A] [D> (II) <D] An evaluation of the economic consequences of the proposed management agreement or [A> ASSISTANCE AGREEMENT <A] [D> contract <D] ; [A> AND <A] |
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| Illinois | 1999 | Incentives to foreign firms | 20 ILCS 605/605-335 | 20 ILCS 605/605-335 Incentives to foreign firms (a) For purposes of this Section: “Foreign firm” means any industrial or manufacturing enterprise that is domiciled in a nation other than the United States. “Incentives” means a loan or grant or offering, abatement, reduction, or deferral of any tax or regulation imposed by the State of Illinois or a unit of local government when the aggregate total of all those incentives will exceed $10,000. (b) Whenever the Department offers incentives to a foreign firm designed to result in the location or relocation of a facility in this State that will result in the creation of more than 25 new jobs, the Department shall prepare an economic impact study prior to the consummation of an agreement with the foreign firm. An economic impact study pursuant to this Section shall, if practical, include but not be limited to the following: (1) An analysis of the number of direct jobs to be created, the number of indirect jobs to be created, and the net gain in employment in relation to jobs to be potentially lost by other similar and competing firms within the industry located within this State. (2) The effect on local and regional competition within the industry from the industry or business to be located or relocated. (3) The degree of economic benefits of awarding the same incentives to similar and existing industries or businesses located within the State. (4) An examination of how the location or relocation of the foreign firm complements existing industries or businesses located within this State. (5) The relationship of the fiscal costs to the State or unit of local government resulting from the incentives relative to the fiscal return to the State or units of local government derived from the location or relocation of the firm. (c) A report of any economic impact studies prepared by the Department in the previous 3 months pursuant to this Section shall be transmitted to the Governor, members of the General Assembly, and the Commission on Government Forecasting and Accountability quarterly. In addition to the report, the Department shall include a statement of incentives subject to the agreement with the foreign firm, the name and type of foreign firm involved and a description of its business or industrial activity, the proposed location of the foreign firm, and a statement describing the rationale for the location relative to other locations within the State. The Commission on Government Forecasting and Accountability shall evaluate each report received from the Department and present the evaluation and report to the Commission members and legislative leaders within 30 days upon receipt of each report from the Department. |
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| Illinois | 1999 | General Economic Development | 1999 ILL. SB 40 | 20-10 | Section 20-10. Strategic Planning. The Department of Commerce and Community Affairs has the following powers: […] (10) The strategy shall be published and made available to the public in both paper and electronic media. |
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