102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
Introduced 2/26/2021, by Sen. Laura Fine
SYNOPSIS AS INTRODUCED:
Amends the Department of Commerce and Economic Opportunity Law of the
Civil Administrative Code of Illinois. Provides that of the federal funds
received by the State for purposes related to the COVID-19 public health
emergency, 25% of any such funds shall be allocated as grants to businesses
with less than 50 employees. Provides eligibility requirements for
businesses seeking to receive such grants. Provides that the Department of
Commerce and Economic Opportunity shall award grants in the amount of
$5,000 to eligible businesses. Provides that a business shall only be
eligible for one such grant. Requires the Department to publish the names
of the businesses that are awarded grants on its Internet website.
Provides for the adoption of rules.
|FISCAL NOTE ACT MAY APPLY|
A BILL FOR
|SB1982||LRB102 11902 RJF 17238 b|
AN ACT concerning State government.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
The Department of Commerce and Economic
Opportunity Law of the
Civil Administrative Code of Illinois
is amended by adding Section 605-1055 as follows:
(20 ILCS 605/605-1055 new)
Coronavirus relief small business grants.
(a) Of the federal funds received by the State for
purposes related to the COVID-19 public health emergency, 25%
of any such funds shall be allocated as grants to businesses
with less than 50 employees as provided under this Section.
(b) To be eligible for grants under this Section, a
business must employ less than 50 employees and must
demonstrate at least a 25% reduction in gross income from 2019
to 2020, or show such a reduction for any quarter during that
(c) Subject to appropriation, the Department shall award
grants in the amount of $5,000 to eligible businesses meeting
the requirements set forth in subsection (b). Grants shall be
awarded in order of receipt of the grant application. A
business shall only be eligible for one grant provided under