TITLE 14: COMMERCE
SUBTITLE C: ECONOMIC DEVELOPMENT
CHAPTER 1: DEPARTMENT OF COMMERCE AND ECONOMIC OPPORTUNITY
PART 550 LOCAL TOURISM AND CONVENTION BUREAU PROGRAM
SECTION 550.30 ALLOCATION OF APPROPRIATIONS TO GRANTEES
Section 550.30 Allocation of Appropriations to Grantees
a) In accordance with the Act, annual appropriations made by the General Assembly to the Department for the purpose of this program are allocated as follows:
1) 18% of the annual appropriation shall be used for grants to convention and tourism bureaus located within Chicago; and
2 82% of the annual appropriation shall be used for grants to convention and tourism bureaus in the remainder of the State, in accordance with the formula in subsection (b). [20 ILCS 605/605-705(b)]
b) Subject to the maximum grant amount set forth in subsection (c), the funds to be distributed under subsection (a)(2) will be distributed based on a formula that will be applied to the available appropriations. The formula will contain the following weighted factors, as they apply to the prior calendar year: 5% population of the bureau service area; 30% food/beverage tax collected in the bureau service area; and 65% of the State's hotel/motel tax collected in the bureau service area.
c) With the exception of bureaus located in Chicago, no bureau shall receive a grant in excess of $720,000 in State fiscal year 2005. Each fiscal year thereafter, the cap shall be raised or lowered by the same percentage change that is made to the Department's appropriation to the Program, using State fiscal year 2005 as the base year.
(Source: Amended at 45 Ill. Reg. 602, effective December 23, 2020)