93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB4696

 

Introduced 02/04/04, by Wyvetter H. Younge

 

SYNOPSIS AS INTRODUCED:
 
New Act

    Creates the Empowerment Zone and Enterprise Community School Facility Act. Provides that the Department of Commerce and Economic Opportunity and the University of Illinois' Urban School Improvement Program shall implement an EZ/EC program to develop and demonstrate mechanisms to attract federal resources and private sector investments to administer the program and support the repair, renovation, and improvement of school buildings and facilities in communities designated under federal law or regulations as Empowerment Zones and Enterprise Communities. Specifies types of demonstration methods that employ federal EZ/EC incentives to leverage private investment in support of improving school buildings and facilities. Provides for implementation of the EZ/EC program in conjunction with schools in communities located in Chicago, East St. Louis, and Springfield. Effective immediately.


LRB093 19151 RCE 44886 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB4696 LRB093 19151 RCE 44886 b

1     AN ACT relating to school facilities.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 1. Short title. This Act may be cited as the
5 Empowerment Zone and Enterprise Community School Facility
6 Improvement Act.
 
7     Section 5. Creation of program. The Illinois Empowerment
8 Zone and Enterprise Community School Facility Improvement
9 Program (hereinafter called the EZ/EC program) is hereby
10 created, to be administered and implemented by the Department
11 of Commerce and Economic Opportunity and the University of
12 Illinois' Urban School Improvement Program.
 
13     Section 10. EZ/EC program objectives. The Department of
14 Commerce and Economic Opportunity and the Urban School
15 Improvement Program at the University of Illinois shall develop
16 and demonstrate mechanisms under which significant federal and
17 private sector resources and investment are (i) accessed to
18 support administration of the EZ/EC program, and (ii) allocated
19 and made available to support the repair, renovation, and
20 improvement of school buildings and facilities located in
21 Illinois communities that have been designated as Empowerment
22 Zones and Enterprise Communities under aligned federal laws and
23 regulations which recognize the role that training and
24 education play in supporting community economic development.
 
25     Section 15. Administration of program. The program shall
26 be administered by the Department of Commerce and Economic
27 Opportunity and the University of Illinois' Urban School
28 Improvement Program in conjunction with schools in communities
29 located in Chicago, East St. Louis, and Springfield. The
30 program shall be administered to demonstrate effective methods

 

 

HB4696 - 2 - LRB093 19151 RCE 44886 b

1 to employ federal Empowerment Zone/Enterprise Community
2 program incentives to leverage private investment in support of
3 improving school buildings and facilities in Illinois
4 Empowerment Zones and Enterprise Communities. The methods
5 shall include (i) utilization of shared savings long-term
6 contracts, (ii) establishment of EZ/EC program investment
7 cooperatives, and (iii) development of an EZ/EC program School
8 Facility Special Private Activity Bond Program.
 
9     Section 20. Authority to accept and expend funds. In the
10 exercise of their responsibilities under this Act, the
11 Department of Commerce and Economic Opportunity and the
12 University of Illinois' Urban School Improvement Program may
13 accept and expend gifts, endowments, and federal funds made
14 available for purposes consistent with the administration and
15 implementation of this Act.
 
16     Section 99. Effective date. This Act takes effect upon
17 becoming a law.