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HB0407 Engrossed |
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LRB095 06561 CMK 26664 b |
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| AN ACT concerning State government.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Department of Commerce and Economic |
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| Opportunity Law of the
Civil Administrative Code of Illinois is |
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| amended by adding Section 605-45 as follows:
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| (20 ILCS 605/605-45 new) |
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| Sec. 605-45. Economic development grants; policy |
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| considerations. When awarding grants for any economic |
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| development purpose, the Department must consider (i) |
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| reserving and targeting State business incentives to areas with |
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| high unemployment or low income and (ii) if the applicant |
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| seeking the grant is located in a metropolitan area, whether |
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| that metropolitan area meets location efficiency standards.
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| Section 99. Effective date. This Act takes effect upon |
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| becoming law.
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