TITLE 74: PUBLIC FINANCE
CHAPTER V: TREASURER
PART 650 RULES FOR CHARITABLE TRUST STABILIZATION COMMITTEE
SECTION 650.40 SPECIAL ATTENTION TO CERTAIN APPLICANTS


 

Section 650.40  Special Attention to Certain Applicants

 

Special attention shall be given to public and private entities  with operating budgets of less than $1,000,000 that are located in a depressed area, as defined in Section 3 of the Illinois Enterprise Zone Act, and preferences for recommending grants to the State Treasurer may be given to these entities by the Committee.  [30 ILCS 790/5(a)]   For purposes of this Part, an applicant is located in a depressed area if the applicant meets one or more of the following conditions:

 

a)         The unemployment rate in the census tract where the applicant is located had an annual average unemployment rate of at least 120% of the State's annual average unemployment rate for the most recent calendar year or the most recent fiscal year, as reported by the Department of Employment Security;

 

b)         All or part of the census tract where the applicant is located has a poverty rate of at least 20%, according to the latest data from the U.S. Census Bureau;

 

c)         The percent of households in the census tract where the applicant is located who receive SNAP Benefits is 20% or higher, according to the latest data from the U.S. Census Bureau; or

 

d)         50% or more of the children in the census tract where the applicant is located are eligible to participate in the federal free or reduced-price meals program, according to reported statistics from the State Board of Education.

 

(Source:  Amended at 43 Ill. Reg. 437, effective December 21, 2018)