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93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB6681
Introduced 02/09/04, by Chapin Rose - Mike Bost - William B. Black - Patricia Reid Lindner - Jim Sacia SYNOPSIS AS INTRODUCED:
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Amends the Department of Commerce and Economic Opportunity Law of the
Civil Administrative Code of Illinois. Requires the Department of Commerce and Economic Opportunity to develop a program to make grants to local development organizations. Provides that under this program, a county or municipality may apply to the Department for a grant to be awarded to a local development organization in that county or municipality for the purpose of fostering local or regional economic development. Provides that these grants are subject to appropriation and sets forth the purposes for which the grants may be used. Authorizes the Department to make rules concerning the program. Effective on January 1, 2005.
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| FISCAL NOTE ACT MAY APPLY | |
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A BILL FOR
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HB6681 |
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LRB093 17966 BDD 43649 b |
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| AN ACT concerning economic development.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Department of Commerce and Economic |
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| Opportunity Law of the
Civil Administrative Code of Illinois is |
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| amended by adding Section 605-927 as follows:
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| (20 ILCS 605/605-927 new) |
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| Sec. 605-927. Grants to local economic development |
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| organizations. |
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| (a) The Department must develop a program to make grants to |
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| local development organizations. Under this program, a county |
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| or municipality may apply to the Department for a grant to be |
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| awarded to a local development organization in that county or |
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| municipality for the purpose of fostering local or regional |
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| economic development. |
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| (b) For purposes of this Section, "local development |
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| organization" means a private or public entity organized for |
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| the purpose of the economic development within a municipality, |
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| county, or region of the State. |
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| (c) All grant awards under this Section are subject to |
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| appropriation and may be used for any of the following: |
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| (1) expenses related to the start-up or expansion of a |
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| local development organization; |
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| (2) local or regional economic development planning |
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| and related studies; and |
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| (3) any other specific use authorized by Department |
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| rule relating to the start-up or expansion of and economic |
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| planning by a local economic development organization. |
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| (d) The Department may adopt any rules necessary to |
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| implement and operate this program.
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| Section 99. Effective date. This Act takes effect on |
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| January 1, 2005.
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