(20 ILCS 665/8a)
(from Ch. 127, par. 200-28a)
Tourism grants and loans.
(1) The Department is authorized to make grants and loans, subject to
appropriations by the General Assembly for this purpose from the Tourism
to counties, municipalities, local promotion groups, not-for-profit
for-profit businesses for the development or improvement of tourism
attractions in Illinois. Individual grants and loans shall not
and shall not exceed 50% of the entire amount of the actual expenditures for
the development or improvement of a tourist attraction. Agreements for
loans made by the Department pursuant to this subsection may contain
provisions regarding term, interest rate, security as may be required by
the Department and any other provisions the Department may require to
protect the State's interest.
(Source: P.A. 94-91, eff. 7-1-05.)