Illinois General Assembly - Illinois Compiled Statutes

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20 ILCS 686/25

(20 ILCS 686/25)

Sec. 25. Review of application.

The Department shall determine which projects will benefit the State. In making its recommendation that an applicant's application for credit should or should not be accepted, which shall occur within a reasonable time frame as determined by the nature of the application, the Department shall determine that all the following conditions exist:

(1) the applicant intends to make the required

investment in the State and intends to hire the required number of full-time employees;

(2) the applicant's project is economically sound,

will benefit the people of the State by increasing opportunities for employment, and will strengthen the economy of the State;

(3) awarding the credit will result in an overall

positive fiscal impact to the State, as certified by the Department using the best available data; and

(4) the credit is not prohibited under this Act.

(Source: P.A. 102-669, eff. 11-16-21.)