Illinois General Assembly - Full Text of HB0407
Illinois General Assembly

Previous General Assemblies

Full Text of HB0407  95th General Assembly



HB0407 Enrolled LRB095 06561 CMK 26664 b

1     AN ACT concerning State government.
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4     Section 5. The Department of Commerce and Economic
5 Opportunity Law of the Civil Administrative Code of Illinois is
6 amended by adding Section 605-45 as follows:
7     (20 ILCS 605/605-45 new)
8     Sec. 605-45. Economic development grants; policy
9 considerations. When awarding grants for any economic
10 development purpose, the Department must consider (i)
11 reserving and targeting State business incentives to areas with
12 high unemployment or low income and (ii) if the applicant
13 seeking the grant is located in a metropolitan area, whether
14 that metropolitan area meets location efficiency standards.
15     Section 99. Effective date. This Act takes effect upon
16 becoming law.