HB2363 EngrossedLRB104 09486 HLH 19547 b HB2363 Engrossed LRB104 09486 HLH 19547 b
HB2363 Engrossed LRB104 09486 HLH 19547 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
6 is amended by adding Section 605-1056 as follows:
7 (20 ILCS 605/605-1056 new)
8 Sec. 605-1056. Capacity building grants. Subject to
9 appropriation, the Department of Commerce and Economic
10 Opportunity, in consultation with the Department of Revenue,
11 is authorized to create and award capacity building grants to
12 municipalities whose equalized assessed value, total State
13 sales tax disbursements, or both combined, subject to
14 inflation, decreased at least 30% over the 10 years preceding
15 the issuance of the grant. The Department shall adopt rules to
16 implement and administer the requirements of this Section.
17 Section 99. Effective date. This Act takes effect upon
18 becoming law.
HB2363 Engrossed LRB104 09486 HLH 19547 b