House Sponsors: BOST-RIGHTER-MYERS-LAWFER-JONES,JOHN AND NOVAK. Senate Sponsors: LUECHTEFELD-LAUZEN-MYERS,J Short description: DCCA-GRANTS-ECON DEVELOPMENT Synopsis of Bill as introduced: Amends the Civil Administrative Code of Illinois. Provides that the Department of Commerce and Community Affairs, in its discretion, may establish a program of grants to be matched by economic development entities in the State to finance and promote local economic development. Authorizes the Department to make grants, subject to appropriations by the General Assembly, from the Economic Development Matching Grants Program Fund, a special fund created in the State treasury, to nonprofit organizations and local units of government whose primary objectives are to promote Illinois communities as sites for industrial and business location and expansion. Provides that the applicant's proposed project must have a definable impact on business and industrial attraction, recruitment, or retention. Provides factors to be considered in choosing grant recipients. Provides that State grant dollars shall be evenly matched by the applicant. Provides that moneys appropriated to the program of grants shall be deposited into the Economic Development Matching Grants Program Fund and shall not lapse into the General Revenue Fund at the end of a fiscal year. Provides that these grants shall be in addition to any other grant programs currently in place and administered by the Department. Provides that the Department shall adopt rules to implement this program. Amends the State Finance Act to create the Economic Development Matching Grants Program Fund. Effective immediately. Last action on Bill: PUBLIC ACT.............................. 90-0660 Last action date: 98-07-30 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status