There Is a Newer Version of the Illinois Compiled Statutes
2005 Illinois Code - Chapter 20 Executive Branch 20 ILCS 655/ Illinois Enterprise Zone Act.
(20 ILCS 655/1) (from Ch. 67 1/2, par. 601)
Sec. 1.
This Act shall be known and may be cited as the
"Illinois Enterprise Zone Act".
(Source: P.A. 82‑1019.)
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(20 ILCS 655/2) (from Ch. 67 1/2, par. 602)
Sec. 2.
The General Assembly finds and declares that the
health, safety and welfare of the people of this State are dependent
upon a healthy economy and vibrant communities; that the continual encouragement,
development, growth and expansion
of the private sector within the State requires a cooperative and continuous
partnership between government and the private sector; and that there are
certain depressed
areas in this State that need the particular attention of government, business,
labor and the citizens of Illinois to
help attract private sector investment into these areas and directly aid
the local community and its residents. Therefore,
it is declared to be the purpose of this Act to explore ways and means of
stimulating business and
industrial growth and retention in depressed areas and stimulating neighborhood
revitalization of depressed areas of the State by means of relaxed government
controls and tax incentives in those areas.
(Source: P.A. 82‑1019.)
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(20 ILCS 655/3)
(from Ch. 67 1/2, par. 603)
Sec. 3.
Definition.
As used in this Act, the following words shall
have the meanings ascribed to them, unless the context otherwise requires:
(a) "Department" means the Department of Commerce and Economic Opportunity.
(b) "Enterprise Zone" means an area of the State certified by the Department
as an Enterprise Zone pursuant to this Act.
(c) "Depressed Area" means an area in which pervasive poverty, unemployment
and economic distress exist.
(d) "Designated Zone Organization" means an association or entity: (1)
the members of which are substantially all residents of the Enterprise Zone;
(2) the board of directors of which is elected by the members of the organization;
(3) which satisfies the criteria set forth in Section 501(c) (3) or 501(c) (4) of the
Internal Revenue Code; and (4) which exists primarily for the purpose of
performing within such area or zone for the benefit of the residents and businesses
thereof any of the functions set forth in Section 8 of this Act.
(e) "Agency" means each officer, board, commission and agency created
by the Constitution, in the executive branch of State government, other
than the State Board of Elections; each officer, department, board, commission,
agency, institution, authority, university, body politic and corporate of
the State; and each administrative unit or corporate outgrowth of the State
government which is created by or pursuant to statute, other than units
of local government and their officers, school districts and boards of election
commissioners; each administrative unit or corporate outgrowth of the above
and as may be created by executive order of the Governor. No entity shall
be considered an "agency" for the purposes of this Act unless authorized
by law to make rules or regulations.
(f) "Rule" means each agency statement of general applicability that implements,
applies, interprets or prescribes law or policy, but does not include (i)
statements concerning only the internal management of an agency and not
affecting private rights or procedures available to persons or entities
outside the agency, (ii) intra‑agency memoranda, or (iii) the prescription
of standardized forms.
(Source: P.A. 94‑793, eff. 5‑19‑06.)
(20 ILCS 655/4) (from Ch. 67 1/2, par. 604)
Sec. 4.
Qualifications for Enterprise Zones.
(1) An area is qualified to become an enterprise zone which:
(a) is a contiguous area, provided that a zone area may exclude wholly
surrounded territory within its boundaries;
(b) comprises a minimum of one‑half square mile and not more than 12
square miles, or 15 square miles if the zone is located within the
jurisdiction of 4 or more counties or municipalities, in total area,
exclusive of lakes and waterways;
however, in such cases where the enterprise zone is a joint effort of
three or more units of government, or two or more units of government if
situated in a township which is divided by a municipality of 1,000,000 or
more inhabitants, and where the certification has been in
effect at least one year, the total area shall comprise a minimum of
one‑half square mile and not more than thirteen square miles in total area
exclusive of lakes and waterways;
(c) is a depressed area;
(d) satisfies any additional criteria established by regulation of the
Department consistent with the purposes of this Act; and
(e) is (1) entirely within a municipality or (2) entirely within
the unincorporated
areas of a county, except where reasonable need is established for such
zone to cover portions of more than one municipality or county or (3)
both comprises (i) all or part of a municipality and (ii) an unincorporated
area of a county.
(2) Any criteria established by the Department or by law which utilize the rate
of unemployment for a particular area shall provide that all persons who
are not presently employed and have exhausted all unemployment benefits
shall be considered unemployed, whether or not such persons are actively
seeking employment.
(Source: P.A. 86‑803.)
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(20 ILCS 655/5) (from Ch. 67 1/2, par. 605)
Sec. 5.
Initiation of Enterprise Zones by Municipality or County.
(a) No area may be designated as an enterprise zone except pursuant to an
initiating ordinance adopted in accordance with this Section.
(b) A county or municipality may by ordinance designate an area within
its jurisdiction as an enterprise zone, subject to the certification of
the Department in accordance with this Act, if:
(i) the area is qualified in accordance with Section 4; and
(ii) the county or municipality has conducted at least one public hearing
within the proposed zone area on the question of whether to create the zone,
what local plans, tax incentives and other programs should be established
in connection with the zone, and what the boundaries of the zone should
be; public notice of such hearing shall be published in at least one newspaper
of general circulation within the zone area, not more than 20 days nor less
than 5 days before the hearing.
(c) An ordinance designating an area as an enterprise zone shall set forth:
(i) a precise description of the area comprising the zone, either in the
form of a legal description or by reference to roadways, lakes and waterways,
and township, county boundaries;
(ii) a finding that the zone area meets the qualifications of Section 4;
(iii) provisions for any tax incentives or reimbursement for taxes, which
pursuant to state and federal
law apply to business enterprises within the zone at the election of the
designating county or municipality, and which are not applicable throughout
the county or municipality;
(iv) a designation of the area as an enterprise zone, subject to the approval
of the Department in accordance with this Act;
(v) the duration or term of the enterprise zone.
(d) This Section does not prohibit a municipality or county from extending
additional tax incentives or reimbursement for business enterprises in Enterprise
Zones or throughout their territory by separate ordinance.
(e) No county or municipality located within the Metro East Mass
Transit District which adopts an ordinance designating an area within the
District as an Enterprise Zone shall provide for any exemption, deduction,
credit, refund or abatement of any taxes imposed by the Metro East Mass
Transit District Board of Trustees under Section 5.01 of the "Local Mass
Transit District Act", approved July 21, 1959, as amended.
(f) The Department shall encourage applications from all areas of the
State and shall actively solicit applications from those counties with
populations of less than 300,000.
(Source: P.A. 85‑870.)
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(20 ILCS 655/5.1) (from Ch. 67 1/2, par. 606)
Sec. 5.1.
Application to Department.
A county or municipality which
has adopted an ordinance designating an area as an enterprise zone shall
make written application to the Department to have such proposed enterprise
zone certified by the Department as an Enterprise Zone. The application shall include:
(i) a certified copy of the ordinance designating the proposed zone;
(ii) a map of the proposed enterprise zone, showing existing streets and highways;
(iii) an analysis, and any appropriate supporting documents and statistics,
demonstrating that the proposed zone area is qualified in accordance with Section 4;
(iv) a statement detailing any tax, grant, and other financial incentives
or benefits, and any programs, to be provided by the municipality or county
to business enterprises within the zone, other than those provided in the
designating ordinance, which are not to be provided throughout the municipality
or county;
(v) a statement setting forth the economic development and planning objectives
for the zone;
(vi) a statement describing the functions, programs, and services to be
performed by designated zone organizations within the zone;
(vii) an estimate of the economic impact of the zone, considering all
of the tax incentives, financial benefits and programs contemplated, upon
the revenues of the municipality or county;
(viii) a transcript of all public hearings on the zone;
(ix) in the case of a joint application, a statement detailing the need
for a zone covering portions of more than one municipality or county and
a description of the agreement between joint applicants; and
(x) such additional information as the Department by regulation may require.
(Source: P.A. 82‑1019.)
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(20 ILCS 655/5.2) (from Ch. 67 1/2, par. 607)
Sec. 5.2.
Department Review of Enterprise Zone Applications.
(a) All
applications which are to be considered and acted upon by the Department
during a calendar year must be received by the Department no later than
December 31 of the preceding calendar year.
Any application received on or after January 1 of any calendar year shall
be held by the Department for consideration and action during the following
calendar year.
(b) Upon receipt of an application from a county or municipality the Department
shall review the application to determine whether the designated area
qualifies as an enterprise zone under Section 4 of this Act.
(c) No later than May 1, the Department shall notify all applicant municipalities
and counties of the Department's determination of the qualification of their
respective designated enterprise zone areas.
(d) If any such designated area is found to be qualified to be an enterprise
zone, the Department shall, no later than May 15, publish a notice in at
least one newspaper of general circulation within the proposed zone area
to notify the general public of the application and their opportunity to
comment. Such notice shall include a description of the area and a brief
summary of the application and shall indicate locations where the applicant
has provided copies of the application for public inspection. The notice
shall also indicate appropriate procedures for the filing of written comments
from zone residents, business, civic and other organizations and property
owners to the Department.
(e) By July 1 of each calendar year, the Department shall either approve
or deny all applications filed by December 31 of the preceding calendar year.
If approval of an application filed by December 31 of any calendar year
is not received by July 1 of the following calendar year, the application
shall be considered denied. If an application is denied, the Department
shall inform the county or municipality of the specific reasons for the denial.
(f) Preference in Designation. In determining which designated areas
shall be approved and certified as Enterprise Zones, the Department shall
give preference to:
(1) Areas with high levels of poverty, unemployment, job and population
loss, and general distress; and
(2) Areas which have evidenced with widest support from the county or
municipality seeking to have such areas designated as Enterprise Zones,
community residents, local business, labor and neighborhood organizations
and where there are plans for the disposal of publicly owned real property
as described in Section 10; and
(3) Areas for which a specific plan has been submitted to effect economic
growth and expansion and neighborhood revitalization for the benefit of
Zone residents and existing business through efforts which may include but
need not be limited to a reduction of tax rates or fees, an increase in
the level and efficiency of local services, and a simplification or streamlining
of governmental requirements applicable to employers or employees, taking
into account the resources available to the county or municipality seeking
to have an area designated as an Enterprise Zone to make such efforts; and
(4) Areas for which there is evidence of prior consultation between the
county or municipality seeking designation of an area as an Enterprise Zone
and business, labor and neighborhood organizations within the proposed Zone;
(5) Areas for which a specific plan has been submitted which will or may
be expected to benefit zone residents and workers by increasing their ownership
opportunities and participation in enterprise zone development;
(6) Areas in which specific governmental functions are to be performed
by designated neighborhood organizations in partnership with the county
or municipality seeking designation of an area as an Enterprise Zone.
(g) At least 2/5 of all new enterprise zones approved and certified by
the Department during any calendar year shall be located wholly or partially
within counties with unemployment rates of or above 8% for at least one
month during the 12‑month
calendar year preceding the calendar year in which the applications are to
be considered and acted upon by the Department.
(h) The Department's determination of whether to certify an enterprise
zone shall be based on the purposes of this Act, the criteria set forth
in Section 4 and subsections (f) and
(g) of Section 5.2, and any additional criteria
adopted by regulation of the Department under paragraph (d) of Section 4.
(Source: P.A. 85‑870.)
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(20 ILCS 655/5.3) (from Ch. 67 1/2, par. 608)
Sec. 5.3.
Certification of Enterprise Zones; Effective date.
(a) Approval of designated Enterprise Zones shall be made by the
Department by certification of the designating ordinance. The Department
shall promptly issue a certificate for each Enterprise Zone upon its
approval. The certificate shall be signed by the Director of the
Department, shall make specific reference to the designating ordinance,
which shall be attached thereto, and shall be filed in the office of the
Secretary of State. A certified copy of the Enterprise Zone Certificate, or
a duplicate original thereof, shall be recorded in the office of recorder
of deeds of the county in which the Enterprise Zone lies.
(b) An Enterprise Zone shall be effective upon its certification. The
Department shall transmit a copy of the certification to the Department
of Revenue, and to the designating municipality or county.
Upon certification of an Enterprise Zone, the terms and provisions of the
designating ordinance shall be in effect, and may not be amended or repealed
except in accordance with Section 5.4.
(c) An Enterprise Zone shall be in effect for 30 calendar years, or for
a lesser number of years specified in the certified designating ordinance.
Enterprise Zones shall terminate at midnight of December 31 of the final
calendar year of the certified term, except as provided in Section 5.4.
(d) No more than 12 Enterprise Zones may be certified by the Department
in calendar year 1984, no more than 12 Enterprise Zones may be certified
by the Department in calendar year 1985, no more than 13 Enterprise
Zones may be certified by the Department in calendar year 1986, no
more than 15 Enterprise Zones may be certified by the Department in
calendar year 1987, and no more than 20 Enterprise Zones may be certified
by the Department in calendar year 1990. In other calendar years, no more
than 13 Enterprise Zones may be certified by the Department.
The Department may also designate up to 8 additional Enterprise Zones
outside the regular application cycle if warranted by the extreme economic
circumstances as determined by the Department. The Department may also
designate one additional Enterprise Zone outside the regular application
cycle if an aircraft manufacturer agrees to locate
an aircraft manufacturing facility in the proposed Enterprise Zone.
Notwithstanding any
other provision of this Act, no more than 89 Enterprise Zones may be
certified by the Department for the 10 calendar years commencing with 1983.
The 7 additional Enterprise Zones authorized by Public Act
86‑15 shall not lie within municipalities or unincorporated areas of
counties that abut or are contiguous to Enterprise Zones certified pursuant
to this Section prior to June 30, 1989. The 7 additional Enterprise
Zones (excluding the additional Enterprise Zone which may be designated
outside the regular application cycle) authorized by Public Act 86‑1030
shall not lie within municipalities or unincorporated areas of counties
that abut or are contiguous to Enterprise Zones certified pursuant to this
Section prior to February 28, 1990. Beginning in calendar year 2004 and until
December 31, 2008, one additional enterprise zone may be certified by the
Department. In any calendar year, the
Department
may not certify more than 3 Zones located within the same municipality. The
Department may certify Enterprise Zones in each of the 10 calendar years
commencing with 1983. The Department may not certify more than a total of
18 Enterprise Zones located within the same county (whether within
municipalities or within unincorporated territory) for the 10 calendar years
commencing with 1983. Thereafter, the Department may not certify any
additional Enterprise Zones, but may amend and rescind certifications of
existing Enterprise Zones in accordance with Section 5.4.
(e) Notwithstanding any other provision of law, if (i) the county board of
any county in which a current military base is located, in part or in whole, or
in which a military
base that has been closed within 20 years of the effective date of this
amendatory Act of 1998 is located, in part or in whole, adopts a designating
ordinance in accordance with Section 5 of this Act to designate the military
base in that county as an enterprise zone and (ii) the property otherwise
meets the
qualifications for an enterprise zone as prescribed in Section 4 of this Act,
then the Department may certify the designating ordinance or ordinances, as the
case may be.
(Source: P.A. 92‑16, eff. 6‑28‑01; 92‑777, eff. 1‑1‑03; 93‑436, eff.
1‑1‑04.)
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(20 ILCS 655/5.4) (from Ch. 67 1/2, par. 609)
Sec. 5.4.
Amendment and Decertification of Enterprise
Zones.
(a) The terms of a certified enterprise zone designating ordinance
may be amended to
(i) alter the boundaries of the Enterprise Zone, or
(ii) expand, limit or repeal tax incentives or | ||
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(iii) alter the termination date of the zone, or
(iv) make technical corrections in the enterprise | ||
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(v) include an area within another municipality or | ||
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(vi) effectuate the limitation of tax abatements | ||
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(b) The Department shall approve or disapprove a proposed amendment to
a certified enterprise zone within 90 days of its receipt of the application
from the municipality or county. The Department may not approve changes
in a Zone which are not in conformity with this Act, as now or hereafter
amended, or with other applicable laws. If the Department issues an amended
certificate for an Enterprise Zone, the amended certificate, together with
the amended zone designating ordinance, shall be filed, recorded and
transmitted as provided in Section 5.3.
(c) An Enterprise Zone may be decertified by joint action of the
Department and the designating county or municipality in accordance with this
Section.
The designating county or municipality shall conduct at least one public
hearing within the zone prior to its adoption of an ordinance of
de‑designation. The mayor of the designating municipality or the chairman of
the county
board of the designating county shall execute a joint decertification
agreement with the Department. A decertification of an Enterprise Zone shall
not
become effective until at least 6 months after the execution of the
decertification
agreement, which shall be filed in the office of the Secretary of State.
(d) An Enterprise Zone may be decertified for cause by
the Department in accordance with this Section. Prior to
decertification: (1) the Department shall notify the chief elected official
of the designating county or municipality in writing of the specific
deficiencies which provide cause for decertification; (2) the Department
shall place the designating county or municipality on probationary status for
at least 6 months during which time corrective action may be
achieved in the enterprise zone by the designating county or municipality;
and, (3) the Department
shall conduct at least one public hearing within the zone. If such
corrective action is not achieved during the probationary period, the
Department shall issue an amended certificate
signed by the Director of the Department decertifying the enterprise zone,
which certificate shall be filed in the
office of the Secretary of State. A certified copy of the amended
enterprise zone certificate, or a duplicate original thereof, shall be
recorded in the office of recorder of the county in which the enterprise
zone lies, and shall be provided to the chief elected official of the
designating county or municipality. Decertification of an Enterprise Zone
shall not become effective until 60 days after the date of filing.
(e) In the event of a decertification, or an amendment reducing the length
of the term or the area of an Enterprise Zone or the adoption of an ordinance
reducing or eliminating tax benefits in an Enterprise Zone, all benefits
previously extended within the Zone pursuant to this Act or pursuant to
any other Illinois law providing benefits specifically to or within Enterprise
Zones shall remain in effect for the original stated term of the Enterprise
Zone, with respect to business enterprises within the Zone on the effective
date of such decertification or amendment, and with respect to individuals
participating in urban homestead
programs under this Act.
(f) Except as otherwise provided in Section 5.4.1, with respect to
business enterprises (or expansions thereof) which
are proposed or under development within a Zone at the time of a
decertification
or an amendment reducing the length of the term of the Zone, or excluding
from the Zone area the site of the proposed enterprise, or an ordinance
reducing or eliminating tax benefits in a Zone, such business enterprise
shall be entitled to the benefits previously applicable within the Zone
for the original stated term of the Zone, if the business enterprise
establishes:
(i) that the proposed business enterprise or | ||
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(ii) that substantial and binding financial | ||
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(iii) that such commitments have been made in | ||
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In declaratory judgment actions under this paragraph, the Department and
the designating municipality or county shall be necessary parties defendant.
(Source: P.A. 90‑258, eff. 7‑30‑97.)
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(20 ILCS 655/5.4.1)
Sec. 5.4.1.
Adoption of Tax Increment Financing.
(a) If (i) a redevelopment project area is, will be, or has been created by
a
municipality under
Division 74.4 of the Illinois Municipal Code, (ii) the
redevelopment project
area contains property that is located in an enterprise zone,
(iii) the municipality adopts an amendment to the enterprise zone designating
ordinance pursuant to Section 5.4 of this Act specifically concerning the
abatement of taxes on property located within a redevelopment project area
created pursuant to Division 74.4 of the Illinois Municipal Code, and (iv) the
Department certifies the ordinance amendment, then the property that is located
in both the enterprise zone and the redevelopment project area shall not be
eligible for the abatement of taxes under Section 18‑170 of the Property Tax
Code.
No business enterprise or expansion or individual, however, that has
constructed a new
improvement or renovated or rehabilitated an existing improvement and has
received an abatement on the improvement under Section 18‑170 of the Property
Tax Code shall be denied any benefit previously extended within the zone
pursuant to this Act or pursuant to any other Illinois law providing benefits
specifically to or within enterprise zones.
Moreover, if the business enterprise or individual presents evidence to the
municipality within 30 days after the adoption by the municipality of an
amendment to the designating ordinance the sufficiency of which shall be
determined by findings of the corporate authorities made within 30 days of the
receipt of such evidence by the municipality, that before the date of the
notice of the public hearing provided by the municipality regarding the
amendment to the designating ordinance
(i) the business enterprise or expansion or
individual
was committed to
locate within the enterprise zone, (ii) substantial and
binding financial obligations were made towards the development of the
enterprise, and (iii) those
commitments were made in reasonable reliance on the
benefits and programs that were applicable to the enterprise or
individual by reason of the enterprise zone, then the enterprise or expansion
or individual shall not be denied any benefit previously extended within the
zone pursuant to this Act or pursuant to any other Illinois law providing
benefits specifically to or within enterprise zones.
(b) This Section applies to all property located within both a
redevelopment project area adopted under Division 74.4 of the
Illinois Municipal Code and an enterprise zone even if the redevelopment
project area or the enterprise zone was adopted before the effective
date of this amendatory Act of 1997.
(c) After July 1, 1997, if (i) a redevelopment project area is created by a
municipality under Division 74.4 of the Illinois Municipal Code and (ii) the
redevelopment project area contains property that is located in an
enterprise zone, the municipality must adopt an amendment to the
certified enterprise zone designating ordinance under Section 5.4 that
property that is located in both the enterprise zone and the
redevelopment project area shall not be eligible for any abatement of
taxes under Section 18‑170 of the Property Tax Code for new
improvements or the renovation or rehabilitation of existing improvements.
(d) In declaratory judgment actions under this Section, the Department
and the designating municipality shall be necessary parties defendant.
(Source: P.A. 90‑258, eff. 7‑30‑97.)
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(20 ILCS 655/5.5)
(from Ch. 67 1/2, par. 609.1)
Sec. 5.5.
High Impact Business.
(a) In order to respond to unique opportunities to assist in the
encouragement, development, growth and expansion of the private sector through
large scale investment and development projects, the Department is authorized
to receive and approve applications for the designation of "High Impact
Businesses" in Illinois subject to the following conditions:
(1) such applications may be submitted at any time
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(2) such business is not located, at the time of | ||
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(3) the business intends to do one or more of the | ||
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(A) the business intends to make a minimum | ||
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(B) the business intends to establish a new | ||
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(B‑5) the business intends to establish a new | ||
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(C) the business intends to establish production | ||
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(D) the business intends to construct new | ||
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(4) no later than 90 days after an application is | ||
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(b) Businesses designated as High Impact Businesses pursuant to
subdivision (a)(3)(A) of this Section shall qualify for the credits and
exemptions described in the
following Acts: Section 9‑222 and Section 9‑222.1A of the Public Utilities
Act,
subsection (h)
of Section 201 of the Illinois Income Tax Act,
and Section 1d of
the
Retailers' Occupation Tax Act; provided that these credits and
exemptions
described in these Acts shall not be authorized until the minimum
investments set forth in subdivision (a)(3)(A) of this
Section have been placed in
service in qualified properties and, in the case of the exemptions
described in the Public Utilities Act and Section 1d of the Retailers'
Occupation Tax Act, the minimum full‑time equivalent jobs or full‑time jobs set
forth in subdivision (a)(3)(A) of this Section have been
created or retained.
Businesses designated as High Impact Businesses under
this Section shall also
qualify for the exemption described in Section 5l of the Retailers' Occupation
Tax Act. The credit provided in subsection (h) of Section 201 of the Illinois
Income Tax Act shall be applicable to investments in qualified property as set
forth in subdivision (a)(3)(A) of this Section.
(b‑5) Businesses designated as High Impact Businesses pursuant to
subdivisions (a)(3)(B), (a)(3)(B‑5), (a)(3)(C), and (a)(3)(D) of this Section shall qualify
for the credits and exemptions described in the following Acts: Section 51 of
the Retailers' Occupation Tax Act, Section 9‑222 and Section 9‑222.1A of the
Public Utilities Act, and subsection (h) of Section 201 of the Illinois Income
Tax Act; however, the credits and exemptions authorized under Section 9‑222 and
Section 9‑222.1A of the Public Utilities Act, and subsection (h) of Section 201
of the Illinois Income Tax Act shall not be authorized until the new electric
generating facility, the new gasification facility, the new transmission facility, or the new, expanded, or
reopened coal mine is operational,
except that a new electric generating facility whose primary fuel source is
natural gas is eligible only for the exemption under Section 5l of the
Retailers' Occupation Tax Act.
(c) High Impact Businesses located in federally designated foreign trade
zones or sub‑zones are also eligible for additional credits, exemptions and
deductions as described in the following Acts: Section 9‑221 and Section
9‑222.1 of the Public
Utilities Act; and subsection (g) of Section 201, and Section 203
of the Illinois Income Tax Act.
(d) Existing Illinois businesses which apply for designation as a
High Impact Business must provide the Department with the prospective plan
for which 1,500 full‑time jobs would be eliminated in the event that the
business is not designated.
(e) New proposed facilities which apply for designation as High Impact
Business must provide the Department with proof of alternative non‑Illinois
sites which would receive the proposed investment and job creation in the
event that the business is not designated as a High Impact Business.
(f) In the event that a business is designated a High Impact Business
and it is later determined after reasonable notice and an opportunity for a
hearing as provided under the Illinois Administrative Procedure Act, that
the business would have placed in service in qualified property the
investments and created or retained the requisite number of jobs without
the benefits of the High Impact Business designation, the Department shall
be required to immediately revoke the designation and notify the Director
of the Department of Revenue who shall begin proceedings to recover all
wrongfully exempted State taxes with interest. The business shall also be
ineligible for all State funded Department programs for a period of 10 years.
(g) The Department shall revoke a High Impact Business designation if
the participating business fails to comply with the terms and conditions of
the designation.
(h) Prior to designating a business, the Department shall provide the
members of the General Assembly and Commission on Government Forecasting and Accountability
with a report setting forth the terms and conditions of the designation and
guarantees that have been received by the Department in relation to the
proposed business being designated.
(Source: P.A. 93‑1064, eff. 1‑13‑05; 93‑1067, eff. 1‑15‑05; 94‑65, eff. 6‑21‑05.)
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(20 ILCS 655/6) (from Ch. 67 1/2, par. 610)
Sec. 6.
Powers and Duties of Department.
(A) General Powers. The Department shall administer this Act and shall
have the following powers and duties:
(1) To monitor the implementation of this Act and | ||
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(2) To promulgate all necessary rules and | ||
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(3) To assist municipalities and counties in | ||
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(B) Specific Duties:
(1) The Department shall provide information and | ||
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(2) The Department shall, in cooperation with | ||
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(3) The Department shall publicize existing tax | ||
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(4) The Department shall work together with the | ||
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(5) In order to stimulate employment opportunities | ||
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A report with recommendations including representative comments of these
groups shall be submitted by the Department to the county or municipality
which designated the area as an Enterprise Zone, Governor and General Assembly
not later than 12 months after such test programs have commenced, or not
later than 3 months following the termination of such test programs, whichever
first occurs.
(Source: P.A. 89‑507, eff. 7‑1‑97.)
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(20 ILCS 655/7) (from Ch. 67 1/2, par. 611)
Sec. 7.
State Incentives Regarding Public Services and Physical
Infrastructure.
(a) This Act does not restrict tax incentive financing pursuant to the
"Tax Increment Allocation Redevelopment Act".
(b) Industrial development bonds. Priority in the use of industrial
development bonds issued by the Illinois Finance Authority
shall be given to businesses located in an Enterprise Zone.
(c) Deposit of State funds by the State Treasurer. The State Treasurer
is authorized and encouraged to place deposits of State funds with financial
institutions doing business in an Enterprise Zone.
(Source: P.A. 93‑205, eff. 1‑1‑04.)
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(20 ILCS 655/8) (from Ch. 67 1/2, par. 612)
Sec. 8.
Zone Administration.
The administration of an Enterprise Zone
shall be under the jurisdiction of the designating municipality or county.
Each designating municipality or county shall, by ordinance, designate a
Zone Administrator for the certified zones within its jurisdiction. A Zone
Administrator must be an officer or employee of the municipality or county.
The Zone Administrator shall be the liaison between the designating
municipality or county, the Department, and any designated zone organizations
within zones under his jurisdiction.
A designating municipality or county may designate one or more organizations
qualified under paragraph (d) of Section 3 to be designated zone organizations
for purposes
of this Act. The municipality or county, may, by ordinance, delegate functions
within an Enterprise Zone to one or more designated zone organizations in such zones.
Subject to the necessary governmental authorizations, designated zone
organizations
may provide the following services or perform the following functions in
coordination with the municipality or county:
(a) Provide or contract for provision of public services including, but
not limited to:
(1) establishment of crime watch patrols within zone | ||
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(2) establishment of volunteer day care centers;
(3) organization of recreational activities for zone | ||
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(4) garbage collection;
(5) street maintenance and improvements;
(6) bridge maintenance and improvements;
(7) maintenance and improvement of water and sewer | ||
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(8) energy conservation projects;
(9) health and clinic services;
(10) drug abuse programs;
(11) senior citizen assistance programs;
(12) park maintenance;
(13) rehabilitation, renovation, and operation and | ||
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(14) other types of public services as provided by | ||
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(b) Exercise authority for the enforcement of any code, permit, or licensing
procedure within an Enterprise Zone.
(c) Provide a forum for business, labor and government action on zone
innovations.
(d) Apply for regulatory relief as provided in Section 8 of this
Act.
(e) Receive title to publicly owned land.
(f) Perform such other functions as the responsible government entity
may deem appropriate, including offerings and contracts for insurance with
businesses within the Zone.
(g) Agree with local governments to provide such public services within
the zones by contracting with private firms and organizations, where feasible
and prudent.
(h) Solicit and receive contributions to improve the quality of life in
the Enterprise Zone.
(Source: P.A. 91‑357, eff. 7‑29‑99.)
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(20 ILCS 655/9) (from Ch. 67 1/2, par. 613)
Sec. 9.
State Regulatory Exemptions In Enterprise Zones.
(a) The Department
shall conduct an ongoing review of such agency rules and
regulations that may be identified by the department or representatives
of designating municipalities and counties as business enterprises and
preliminarily appearing
to the Department to:
(i) affect the conduct of business, industry and commerce;
(ii) impose excessive costs on either the creation or conduct of such enterprises; and
(iii) inhibit the development and expansions of enterprises within Enterprise Zones.
The Department shall conduct hearings, pursuant to public notice, to solicit
public comment on such identified rules and regulations as
part of this review process.
(b) No later than August 1 of each calendar year, the
Department shall publish in the Illinois
Register a list of such rules and regulations identified pursuant to paragraph
(a). The Department shall transmit a copy of the list to each agency which
has promulgated rules or regulations on the list.
(c) Within 90 days of the publication of the list by the Department, each
agency which promulgated rules or regulations identified therein shall file
a written report with the Department detailing
for each identified rule or regulation:
(i) the need or justification;
(ii) whether the rule or regulation is mandated by state or federal law,
or is discretionary, and to what extent;
(iii) a synopsis of the history of the rule, including any internal agency
review after its original promulgation; and
(iv) any appropriate explanation of its relationship to other regulatory requirements.
The promulgating agency shall also include any available data, analysis
and studies concerning the economic impact of the identified rules and
regulations. The agency responses shall be public records.
(d) No later than January 1 of the following calendar year, the Department
shall file proposed
rules exempting business enterprises within Enterprise Zones from those
agency rules and regulations contained in the published list, for which the Department
finds that the job creation or business development incentives for Enterprise
Zone development engendered by the exemption outweigh the need and justification
for the rule or regulation. In making its findings, the Department shall
consider all information, data, and opinions submitted to it by the public,
as well as by promulgating agencies, as well as information otherwise available to it.
(e) The proposed rules and regulations promulgated by the Department
shall be in the form of amendments to the existing rules and regulations
to be affected, and shall be subject to the Illinois Administrative Procedure Act.
(f) Upon its effective date, any exempting rule or regulation of the Department
shall supersede the exempted agency rule or regulation in accordance
with the terms of the exemption. Such exemptions may apply only to business
enterprises within Enterprise Zones during the effective term of the respective
Zones. Agencies may not promulgate emergency rules to circumvent an exemption
effected by a Department exemption
rule; any such emergency rules shall not be effective within Enterprise
Zones to the extent inconsistent with the terms of such an exemption.
(Source: P.A. 83‑1114.)
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(20 ILCS 655/9.1) (from Ch. 67 1/2, par. 614)
Sec. 9.1.
State and Local Regulatory Alternatives.
(a) Agencies may
provide in their rules and regulations for
(i) the exemption
of business enterprises within Enterprise Zones or,
(ii) modifications or alternatives specifically applicable to business
enterprises within Enterprise Zones, which impose less stringent standards
or alternative standards for compliance (including performance‑based standards
as a substitute for specific mandates of methods, procedures or equipment).
Such exemptions, modifications or alternatives shall be effected by rule
or regulation promulgated in accordance with the Illinois Administrative
Procedure Act. The Agency promulgating such exemptions, modifications or
alternatives shall file with its proposed rule or regulation its findings
that the proposed
rule or regulation provides economic incentives within Enterprise Zones
which promote the purposes of this Act, and which, to the extent they include
any exemptions or reductions in regulatory standards or requirements, outweigh
the need or justification for the existing rule or regulation.
(b) If any agency promulgates a rule or regulation pursuant to paragraph
(a) affecting a rule or regulation contained on the list published by the
Department pursuant to Section 9, prior to the completion of the rule making
process for the Department's rules under that Section, the agency shall
immediately transmit a copy of its proposed rule or regulation to the Department,
together
with a statement of reasons as to why the Department should defer to the
agency's proposed rule or regulation. Agency rules promulgated under paragraph
(a) shall, however, be subject to the exemption rules and regulations of
the Department promulgated under Section 9.
(c) Within Enterprise Zones, the designating county or municipality may
modify all local ordinances and regulations regarding (1) zoning; (2) licensing;
(3) building codes, excluding however, any regulations treating building
defects; (4) rent control and price controls (except for the minimum wage).
Notwithstanding any shorter statute of limitation to the contrary, actions
against any contractor or architect who designs, constructs or rehabilitates
a building or structure in an Enterprise Zone in accordance with local standards
specifically applicable within Zones which have been relaxed may be commenced
within 10 years from the time of beneficial occupancy of the building or
use of the structure.
(Source: P.A. 82‑1019.)
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(20 ILCS 655/9.2) (from Ch. 67 1/2, par. 615)
Sec. 9.2.
Exemptions from Regulatory Relaxation.
(a) Section 9 and
subsection (a) of Section 9.1 do not apply to rules and regulations promulgated
pursuant to:
(i) the "Environmental Protection Act";
(ii) the "Illinois Historic Preservation Act";
(iii) the "Illinois Human Rights Act";
(iv) any successor acts to any of the foregoing; or
(v) any other acts whose purpose is the protection of the environment,
the preservation of historic places and landmarks, or the protection of
persons against discrimination on the basis of race, color, religion, sex,
marital status, national origin or handicap.
(b) No exemption, modification or alternative to any agency rule or regulation
promulgated under Section 9 or 9.1 shall be effective which
(i) presents a significant risk to the health or safety of persons resident
in or employed within an Enterprise Zone;
(ii) would conflict with federal law or regulation such that the state,
or any unit of local government or school district, or any area of the state
other than Enterprise Zones, or any business enterprise located outside of
an Enterprise Zone would be
disqualified from a federal program or from federal tax or other benefits;
(iii) would suspend or modify an agency rule or regulation mandated by law; or
(iv) would eliminate or reduce benefits to individuals who are residents
of or employed within a Zone.
(Source: P.A. 82‑1019.)
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(20 ILCS 655/10) (from Ch. 67 1/2, par. 616)
Sec. 10.
Sale of Publicly‑Owned Real Property in an Enterprise Zone.
Once an area becomes an Enterprise Zone, pursuant to provisions contained
in the Enterprise Zone agreement, the State and any county or municipality
that owns any unused structures or vacant land within the Enterprise Zone
may dispose of such structure or vacant land in one of the following ways:
(A) sell such structures or vacant land at public auction or by other
methods available to dispose of such property; or
(B) establish an urban homestead program that provides:
(1) that the State or county or municipality will sell an individual a
residence or portion thereof it owns for a sum not to exceed $100.
(2) that the individual agrees to live in the residence for a period of seven years.
(3) that the individual agrees to renovate or remodel the property to
meet the level of maintenance stated in the agreement between the individual
and the State or county or municipality.
(4) that the State, county or municipality shall assign the property to
the individual at the end of the seven year residency requirement when satisfactory
improvements to the property have been made; or
(C) establish an urban shopstead program that provides:
(1) that the State or county or municipality will sell to a designated
Zone organization a structure or portion thereof it owns for a sum not to exceed $100.
(2) that the designated Zone organization agrees to renovate or remodel
the property to meet the level of maintenance stated in the agreement between
the individual and the State or county or municipality.
(3) that the State, county or municipality shall assign the property to
the designated Zone organization when satisfactory improvements to the property
have been made.
(4) that the designated Zone organization may sell or lease such structure
to commercial or industrial businesses pursuant to procedures which shall
be contracted in the agreement between the Zone organization and the State
or county or municipality. The Zone organization may also retain such structure
in whole or part for its own use. Any proceeds derived from the use, lease,
or sale of such property shall be used for cost recovery and for activities
entered into pursuant to Section 8 of this Act, as agreed to between the
State, County, or Municipality and the designated Zone organization.
Such disposal of real property by the methods described above shall give
preference to a proposed enterprise zone in the selection process by the
Department as set forth in Section
4.
(Source: P.A. 82‑1019.)
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(20 ILCS 655/11) (from Ch. 67 1/2, par. 617)
Sec. 11.
(a) A business entity may receive a deduction against
income subject to state taxes for a contribution to a designated zone
organization if the project for which the contribution is made has been
specifically approved by the designating municipality or county, and by the Department.
(b) Any designated zone organization seeking to have a project approved
for contribution must submit an application to the Department describing
the nature and benefit of the project and its potential contributors.
The application must address how the following criteria will be met:
(1) The project must contribute to the self help efforts of the residents
of the area involved.
(2) The project must involve the residents of the area in planning and
implement the project.
(3) The project's lack of sufficient resources.
(4) The designated zone organization must be fiscally responsible for the project.
(c) The project must enhance the Enterprise Zone in one of the following ways:
(1) by creating permanent jobs;
(2) by physically improving the housing stock;
(3) stimulating neighborhood business activity; or
(4) by preventing crime.
(d) If the designated zone organization demonstrates its ability to meet
the criteria in subsection (b), and will enhance the neighborhood in one
of the ways listed in subsection (c), the Department shall approve the
organization's proposed projects and specify the amount of contributions it
is eligible to receive for such project. Comments from state elected
officials, and county and municipal officials in which all or part of the
Enterprise Zone are located, or in which the project is proposed to be
located, shall be solicited by the Department in making such decision.
(e) Within 45 days of the receipt of an application, the Department shall
give notice to the applicant as to whether the application has been approved
or disapproved. If the Department disapproves the application, it shall
specify the reasons for this decision and allow 60 days for the applicant to
amend and resubmit its application. The Department shall provide assistance
upon request to applicants. Resubmitted applications shall receive the
Department's approval or disapproval within 30 days of submission. Those
resubmitted applications satisfying initial Department objectives shall be
approved unless reasonable circumstances warrant disapproval.
(f) On an annual basis, the designated zone organization shall furnish a
statement to the Department on the programmatic and financial status of any
approved project and an audited financial statement of the project.
(g) For any project which is approved and for which there is a specified
amount of contributions which the designated Zone Organization may receive
for such project as provided in subsection (d) of this Section, the designated
Zone Organization shall provide to the Department any information necessary
to determine the eligibility of a contribution to the project for a deduction
pursuant to subsection (b)(2)(N) of Section 203 of the "Illinois Income
Tax Act". The Department shall certify to the Department of Revenue the
taxpayers eligible for and the amounts of contributions which those taxpayers
may claim as a deduction pursuant to subsection (b)(2)(N) of Section 203
of the "Illinois Income Tax Act". The total of all actual contributions
approved by the Department for deductions pursuant to subsection (b)(2)(N)
of Section 203 of the "Illinois Income Tax Act" shall not exceed $15,400,000
in any one calendar year.
(Source: P.A. 83‑1539.)
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(20 ILCS 655/11.1) (from Ch. 67 1/2, par. 617.1)
Sec. 11.1.
Any business located within the Enterprise Zone which has
received tax credits or exemptions, regulatory relief or any other benefits
under this Act shall notify the Department and the county and municipal
officials in which the Enterprise Zone is located within 60 days of the
cessation of any business operations conducted within the Enterprise Zone.
The Department shall promulgate rules to effect this Section.
(Source: P.A. 87‑981.)
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(20 ILCS 655/12‑1) (from Ch. 67 1/2, par. 618)
Sec. 12‑1.
Sections 12‑1 through 12‑10 of this Act shall be known and may
be cited as the "Enterprise Zone Loan Act".
(Source: P.A. 84‑165.)
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(20 ILCS 655/12‑2)
(from Ch. 67 1/2, par. 619)
Sec. 12‑2.
Definitions.
Unless the context
clearly requires otherwise:
(a) "Financial institution" means a trust company,
a bank, a savings bank, a credit union, an investment bank, a
broker, an investment trust, a pension fund, a building and
loan association, a savings and loan association, an insurance
company or any venture capital company which is authorized to
do business in the State.
(b) "Participating lender" means any trust company,
bank, savings bank, credit union, investment bank, broker,
investment trust, pension fund, building and loan association,
savings and loan association, insurance company or venture
capital company approved by the Department which assumes a
portion of the financing for a business project.
(c) "Department" means the Illinois Department of Commerce
and Economic Opportunity.
(d) "Business" means a for‑profit, legal entity located in an
Illinois Enterprise Zone including, but not limited to, any sole proprietorship,
partnership, corporation, joint venture, association or
cooperative.
(e) "Loan" means an agreement or contract to provide a loan or other
financial aid to a business.
(f) "Project" means any specific economic development
activity of a commercial, industrial, manufacturing,
agricultural, scientific, service or other business in an Enterprise Zone, the
result of which yields an increase in jobs and may include
the purchase or lease of machinery and equipment, the lease
or purchase of real property or funds for infrastructure
necessitated by site preparation, building construction or
related purposes but does not include refinancing current
debt.
(g) "Fund" means the Enterprise Zone Loan
Fund created in Section 12‑6.
(Source: P.A. 94‑793, eff. 5‑19‑06.)
(20 ILCS 655/12‑3) (from Ch. 67 1/2, par. 620)
Sec. 12‑3.
Powers and Duties.
The Department
has the power to:
(a) Provide loans from the funds appropriated
to a business undertaking a project and
accept mortgages or other evidences of indebtedness or
security of such business.
(b) Enter into agreements, accept funds or grants
and cooperate with agencies of the federal government, local
units of government and local regional economic development
corporations or organizations for the purposes of carrying out
this Act.
(c) Enter into contracts, letters of credit or any
other agreements or contracts with financial institutions
necessary or desirable to carry out the purposes of this Act.
Any such agreement or contract may include, without limitation,
terms and provisions relating to a specific project such as
loan documentation, review and approval procedures, organization
and servicing rights, default conditions and other
program aspects.
(d) Fix, determine, charge and collect any
premiums, fees, charges, costs and expenses, including application
fees, commitment fees, program fees, financing charges
or publication fees in connection with its activities under
this Act.
(e) Establish application, notification, contract
and other procedures, rules or regulations deemed necessary
and appropriate.
(f) Subject to the provisions of any contract with
another person and consent to the modification or restructuring
of any loan agreement to which the Department is a party.
(g) Take any actions which are necessary or appropriate
to protect the State's interest in the event of
bankruptcy, default, foreclosure or noncompliance with the
terms and conditions of financial assistance or participation
provided under this Act, including the power to sell, dispose,
lease or rent, upon terms and conditions determined by the
Director to be appropriate, real or personal property which
the Department may receive as a result thereof.
(h) Acquire and accept by gift, grant, purchase or
otherwise, but not by condemnation, fee simple title, or such
lesser interest as may be desired, in land, and to improve or
arrange for the improvement of such land for industrial or
commercial site development purposes, and to lease or convey
such land, or interest in land, so acquired and so improved,
including sale and conveyance subject to a mortgage, for such
price, upon such terms and at such time as the Department may
determine, provided that prior to exercising its authority
under this subsection, the Director shall find that other
means of financing and developing any such project are not
reasonably available and that such action is consistent with
the purposes and policies of this Act.
(i) Exercise such other powers as are necessary or
incidental to the foregoing.
(Source: P.A. 84‑165.)
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(20 ILCS 655/12‑4) (from Ch. 67 1/2, par. 621)
Sec. 12‑4.
Loans.
Any loan made under this Act
shall:
(a) Be made only if a participating lender, or
other funding source including the applicant, also provides
a portion of the financing with respect to the project, and
only if the Department determines, on the basis of all the
information available to it, that the project would not be
undertaken in Illinois unless the loan is provided. Such
other risk assumption may be in the form of a loan, letter of
credit, guarantee, loan participation, bond purchase, direct
cash payment or other form approved by the Department.
(b) Finance no more than 25% of the total
amount of any single project and be approved for amounts from
the Fund not to exceed $2,000,000 for any single project,
unless waived by the Director upon a finding that such waiver
is appropriate to accomplish the purposes of this Act.
(c) Be protected by adequate security satisfactory
to the Department to secure payment of the loan agreement.
(d) Be in such principal amount and form and contain
such terms and provisions with respect to property insurance,
repairs, alterations, payment of taxes and assessments,
delinquency charges, default remedies, additional security
and other matters as the Department shall determine adequate
to protect the public interest.
(e) Include provisions to call the loan agreement
as due and payable if the project is not completed, if the
project fails to generate anticipated employment opportunities
or if the business ceases to operate the project.
(f) Be made only after the Department has determined
that the loan will cause a project to be undertaken
which has the potential to create substantial employment in
relation to the principal amount of the loan.
(g) Be made with a business that has certified the
project is a new plant start‑up or expansion and is not a
relocation of an existing business from another site in
Illinois unless that relocation results in substantial employment
growth.
(Source: P.A. 84‑165.)
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(20 ILCS 655/12‑5) (from Ch. 67 1/2, par. 622)
Sec. 12‑5.
Loan Applications.
Applications for
loans shall be submitted to the Department on forms and
subject to filing fees prescribed by the Department. The
Department shall not be prohibited from soliciting such
applications. The Department shall conduct such investigation
and obtain such information concerning the business as
is necessary and diligent to complete a loan agreement.
The Department's investigation shall include facts about the
company's history, job opportunities, stability of employment,
past and present condition and structure, actual and pro‑forma
income statements, present and future market prospects and
management qualifications and any other aspects material to
the financing request.
After consideration of such data and after such
other action as is deemed appropriate, the Department shall
approve or deny the application. If the Department approves
the application, its approval shall specify the amount of
funds to be provided and the loan agreement provisions. The
business shall be promptly notified of such action by the
Department.
(Source: P.A. 84‑165.)
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(20 ILCS 655/12‑6) (from Ch. 67 1/2, par. 623)
Sec. 12‑6.
Enterprise Zone Loan Fund.
(a)
There is hereby created the Enterprise Zone Loan Fund to
be held as part of the State Treasury. The Department is
authorized to make loans from the Fund for the purposes
established under this Act. The State Treasurer shall have
custody of the Fund and may invest in securities constituting
direct obligations of the United States Government, or in
obligations the principal of and interest on which are
guaranteed by the United States Government, or in certificates
of deposit of any State or national bank which are fully
secured by obligations guaranteed as to principal and interest
by the United States Government. The purpose of the Fund is
to offer loans to finance firms considering the location
of a proposed plant in a certified Enterprise Zone and to provide financing to
carry out the purposes and provisions of paragraph (h) of
Section 12‑3 of this Act. Such financing shall be in the
form of a loan, mortgage or other debt instrument. All loans
shall be conditioned on the project receiving financing from
participating lenders or other sources. Loan proceeds shall
be available for project costs associated with an expansion
of business capacity and employment, except for debt refinancing.
Targeted companies for the program shall primarily
consist of established industrial and service companies with
proven records of earnings which will sell their product to
markets beyond Illinois and which have proven multistate
location options. New ventures shall be considered only if
the entity is protected with adequate security with regard to
its financing and operation. The limitations and conditions
with respect to the use of this Fund shall not apply in
carrying out the purposes and provisions of paragraph (h) of Section
12‑3 of this Act.
(b) Deposits in the Fund shall include, but are
not limited to:
(1) All receipts, including principal and interest
payments, royalties or other payments, from any loan made by
the Department under this Act.
(2) All proceeds of assets of whatever nature
received by the Department as a result of default and delinquency
with respect to loans made under this Act, including
proceeds from the sale, disposal, lease or rental of real
or personal property which the Department may receive as a
result thereof.
(3) Any appropriations, grants or gifts made to
the Fund.
(4) Any income received from interest on investments
of amounts from the Fund not currently needed to meet
the obligations of the Fund.
(Source: P.A. 84‑165.)
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(20 ILCS 655/12‑7) (from Ch. 67 1/2, par. 624)
Sec. 12‑7.
Construction.
Nothing in this Act
shall be construed as creating any rights of a competitor
of an approved borrower or any applicant whose application
is denied by the Department to challenge any application
which is accepted by the Department and any loan or other
agreement executed in connection therewith.
(Source: P.A. 84‑165.)
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(20 ILCS 655/12‑8) (from Ch. 67 1/2, par. 625)
Sec. 12‑8.
Confidentiality.
Any documentary
materials or data made or received by any member, agent or
employee of the Department shall be deemed to be confidential
and shall not be deemed public records to the extent that
such materials or data consist of trade secrets, commercial
or financial information regarding the operation of any
business conducted by an applicant for or recipient of any
form of assistance under this Act or information regarding
the competitive position of such business in a particular
field of endeavor.
(Source: P.A. 84‑165.)
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(20 ILCS 655/12‑9) (from Ch. 67 1/2, par. 626)
Sec. 12‑9.
Report.
On January l of each year,
the Department shall report on its operation of the Fund for
the preceding fiscal year to the Governor and the General
Assembly.
(Source: P.A. 84‑165.)
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(20 ILCS 655/12‑10) (from Ch. 67 1/2, par. 627)
Sec. 12‑10.
Federal Programs.
The Department
is authorized to accept and expend federal monies pursuant to
this Act except that terms and conditions hereunder which
are inconsistent with or prohibited by the federal authorization
under which such monies are made available shall not
apply with respect to the expenditure of such monies.
(Source: P.A. 84‑165.)
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