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| | 101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB3478 Introduced , by Rep. Mary Edly-Allen SYNOPSIS AS INTRODUCED:
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Amends the Department of Commerce and Economic Opportunity Law of the
Civil Administrative Code of Illinois. Provides that the Department shall create a statewide business retention and expansion program and provide technical assistance to program participants. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | HB3478 | | LRB101 10324 HLH 55430 b |
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| 1 | | AN ACT concerning State government.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Department of Commerce and Economic |
| 5 | | Opportunity Law of the
Civil Administrative Code of Illinois is |
| 6 | | amended by adding Section 605-1025 as follows:
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| 7 | | (20 ILCS 605/605-1025 new) |
| 8 | | Sec. 605-1025. Business retention and expansion program. |
| 9 | | The Department shall create a statewide business retention and |
| 10 | | expansion program to utilize State-funded grants for targeted |
| 11 | | companies, including nonprofit organizations, local |
| 12 | | governments, municipal authorities, industrial development |
| 13 | | agencies, and community organizations. The Department shall |
| 14 | | also provide technical assistance to program participants.
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| 15 | | Section 99. Effective date. This Act takes effect upon |
| 16 | | becoming law.
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