Illinois General Assembly

  Bills & Resolutions  
  Compiled Statutes  
  Public Acts  
  Legislative Reports  
  IL Constitution  
  Legislative Guide  
  Legislative Glossary  

 Search By Number
 (example: HB0001)
Search Tips

Search By Keyword

Public Act 100-0347


 

Public Act 0347 100TH GENERAL ASSEMBLY

  
  
  

 


 
Public Act 100-0347
 
HB0736 EnrolledLRB100 05692 KTG 15713 b

    AN ACT concerning public aid.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Illinois Public Aid Code is amended by
adding Section 9-14 as follows:
 
    (305 ILCS 5/9-14 new)
    Sec. 9-14. Small business grant program. Subject to
appropriation, the Department of Commerce and Economic
Opportunity may establish a small business grant program for
public aid recipients who are interested in developing a new
start-up business. Grant applicants must submit an initial
business plan or proposal to the Department of Commerce and
Economic Opportunity that clearly articulates the viability of
the new start-up business and how the grant money will be used
to develop the business. The Department of Commerce and
Economic Opportunity shall use such application materials to
determine an applicant's eligibility under the program, the
grant amount to be awarded, if applicable, and the number of
grants an eligible applicant will receive under the program. If
an applicant is determined by the Department of Commerce and
Economic Opportunity to be eligible for a small business grant,
the applicant must submit to the Department of Commerce and
Economic Opportunity every year that he or she participates in
the program or applies for a new grant an updated business plan
or proposal that demonstrates the continued viability or
progress of the new start-up business. The Department of
Commerce and Economic Opportunity shall adopt any rules
necessary to implement this provision, including rules on the
minimum and maximum grant amounts awarded under the program,
the number of grants an applicant may apply for or receive
during a specified period of time, and application
requirements.

Effective Date: 1/1/2018