HB5961 98TH GENERAL ASSEMBLY

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98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB5961

Introduced , by Rep. Dwight Kay

SYNOPSIS AS INTRODUCED:

20 ILCS 605/605-33 new

Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that, with respect to State administration of the federal Community Development Block Grant Program for Small Cities, each revolving fund project shall create or retain at least one job for every $25,000 of revolving funds investment of State Community Development Block Grant program funds.

FISCAL NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning State government.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois is amended by adding Section 605-33 as follows:

(20 ILCS 605/605-33 new)

Sec. 605-33. Federal Community Development Block Grant Program for Small Cities. With respect to State administration of the federal Community Development Block Grant Program for Small Cities, each revolving fund project shall create or retain at least one job for every $25,000 of revolving funds investment of State Community Development Block Grant program funds.