Illinois General Assembly - Illinois Compiled Statutes

Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

20 ILCS 715/10

(20 ILCS 715/10)

Sec. 10. Unified Economic Development Budget.

(a) For each State fiscal year ending on or after June 30, 2005, the
Department of Revenue shall
submit an annual Unified Economic Development Budget to the General Assembly.
The
Unified Economic Development Budget shall be due within 3 months after the end
of the fiscal
year, and shall present all types of development assistance granted,
including:

(1) The aggregate amount of uncollected or diverted

State tax revenues resulting from each type of development assistance provided in the tax statutes, as reported to the Department of Revenue for tax years beginning during the third preceding calendar year.

(2) All State development assistance granted during

the prior fiscal year.

(b) All data contained in the Unified Economic Development Budget presented
to the
General Assembly shall be fully subject to the Freedom of Information Act.

(c) The Department of Revenue shall submit a report of the amounts in
subdivision (a)(1)
of this Section to the Department, which may append such report to the Unified
Economic
Development Budget rather than separately reporting such amounts.

(Source: P.A. 100-721, eff. 8-3-18.)