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92_HB4885 LRB9212305BDpk 1 AN ACT concerning grants. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Technology Advancement and Development 5 Act is amended by changing Section 2003 as follows: 6 (20 ILCS 700/2003) (from Ch. 127, par. 3702-3) 7 Sec. 2003. Grant evaluation and amounts. 8 (a) The Department shall evaluate grant applications 9 based upon criteria provided under this Section. The 10 Department may seek the advice and recommendations of the 11shall not award any Challenge Grant that is not recommended12for funding by the Illinois Science and Technology Advisory13Committee and theIllinois Coalition when making the 14 evaluations. In determining which grant applicants shall be 15 awarded a Challenge Grant, the Department shall conduct an 16 evaluation of prior compliance with loan or grant agreements 17 for any grant applicant previously funded by the Department. 18 In addition, the Department shall consider the following 19 criteria in determining grant awards: the relationship of a 20 proposed advanced technology project to the State's future 21 economic growth; the qualifications and expertise of 22 consultants, firms or organizations undertaking the effort; 23 the potential for leveraging federal or private research 24 dollars, or both, for the initiative; the extent of the 25 capacity of the applicant or the applicant partnership or 26 consortium to finance the initiative; the potential for 27 adapting, commercializing or adopting the results of the 28 applicant's project for the economic benefit of the State; 29 and the likelihood that the project has a potential for 30 creating new jobs or retaining current jobs in the State. 31 (b) The Director of the Department shall determine the -2- LRB9212305BDpk 1 level of the grant award and shall determine the share of 2 total directly attributable costs of an advanced technology 3 project which may be considered for funding under this 4 Article. 5 (c) The Department and the Department of Natural 6 Resources are hereby authorized to cooperate with and provide 7 support tothe Illinois Science and Technology Advisory8Committee andthe Illinois Coalition. Such support may 9 include the provision of office space and may be technical, 10 advisory or operational in nature. 11 (Source: P.A. 91-357, eff. 7-29-99; 91-476, eff. 8-11-99.) 12 Section 99. Effective date. This Act takes effect upon 13 becoming law.