Chapter 20 — EXECUTIVE BRANCH

(20 ILCS 655/12-2) (from Ch. 67 1/2, par. 619) Sec. 12-2. Definitions. Unless the context clearly requires otherwise: (a) "Financial institution" means a trust company, a bank, a savings bank, a credit union, an investment bank, a broker, an investment trust, a pension fund, a bu…

(20 ILCS 655/12-3) (from Ch. 67 1/2, par. 620) Sec. 12-3. Powers and Duties. The Department has the power to: (a) Provide loans from the funds appropriated to a business undertaking a project and accept mortgages or other evidences of indebtedness or security of such business. (b…

(20 ILCS 655/12-4) (from Ch. 67 1/2, par. 621) Sec. 12-4. Loans. Any loan made under this Act shall: (a) Be made only if a participating lender, or other funding source including the applicant, also provides a portion of the financing with respect to the project, and only if the …

(20 ILCS 655/12-5) (from Ch. 67 1/2, par. 622) Sec. 12-5. Loan Applications. Applications for loans shall be submitted to the Department on forms and subject to filing fees prescribed by the Department. The Department shall not be prohibited from soliciting such applications. The…

(20 ILCS 655/12-6) (from Ch. 67 1/2, par. 623) Sec. 12-6. Enterprise Zone Loan Fund. (a) There is hereby created the Enterprise Zone Loan Fund to be held as part of the State Treasury. The Department is authorized to make loans from the Fund for the purposes established under thi…

(20 ILCS 655/12-7) (from Ch. 67 1/2, par. 624) Sec. 12-7. Construction. Nothing in this Act shall be construed as creating any rights of a competitor of an approved borrower or any applicant whose application is denied by the Department to challenge any application which is accep…

(20 ILCS 655/12-8) (from Ch. 67 1/2, par. 625) Sec. 12-8. Confidentiality. Any documentary materials or data made or received by any member, agent or employee of the Department shall be deemed to be confidential and shall not be deemed public records to the extent that such mater…

(20 ILCS 655/12-9) (from Ch. 67 1/2, par. 626) Sec. 12-9. Report. On January 1 of each year, the Department shall report on its operation of the Fund for the preceding fiscal year to the Governor and the General Assembly. For any fiscal year in which no operations are conducted b…

(20 ILCS 655/13) Sec. 13. Enterprise Zone construction jobs credit. (a) Beginning on January 1, 2021, a business entity in a certified Enterprise Zone that makes a capital investment of at least $10,000,000 in an Enterprise Zone construction jobs project may receive an Enterprise…

(20 ILCS 655/2) (from Ch. 67 1/2, par. 602) Sec. 2. The General Assembly finds and declares that the health, safety and welfare of the people of this State are dependent upon a healthy economy and vibrant communities; that the continual encouragement, development, growth and expa…

(20 ILCS 655/3) (from Ch. 67 1/2, par. 603) Sec. 3. Definitions. As used in this Act, the following words shall have the meanings ascribed to them, unless the context otherwise requires: (a) "Department" means the Department of Commerce and Economic Opportunity. (b) "Enterprise Z…

(20 ILCS 655/4) (from Ch. 67 1/2, par. 604) Sec. 4. Qualifications for enterprise zones. (1) An area is qualified to become an enterprise zone which: (a) is a contiguous area, provided that a zone area may exclude wholly surrounded territory within its boundaries; (b) comprises a…

(20 ILCS 655/4.1) Sec. 4.1. Department recommendations. (a) For all applications that qualify under Section 4 of this Act, the Department shall issue recommendations by assigning a score to each applicant. The scores will be determined by the Department, based on the extent to wh…

(20 ILCS 655/5) (from Ch. 67 1/2, par. 605) Sec. 5. Initiation of Enterprise Zones by Municipality or County. (a) No area may be designated as an enterprise zone except pursuant to an initiating ordinance adopted in accordance with this Section. (b) A county or municipality may b…

(20 ILCS 655/5.1) (from Ch. 67 1/2, par. 606) Sec. 5.1. Application to Department. (a) A county or municipality which has adopted an ordinance designating an area as an enterprise zone shall make written application to the Department to have such proposed enterprise zone certifie…

(20 ILCS 655/5.2) (from Ch. 67 1/2, par. 607) Sec. 5.2. Department review of Enterprise Zone applications. (a) All applications which are to be considered and acted upon by the Department during a calendar year must be received by the Department no later than December 31 of the p…

(20 ILCS 655/5.2.1) Sec. 5.2.1. Enterprise Zone Board. (a) An Enterprise Zone Board is hereby created within the Department. (b) The Board shall consist of the following 5 members: (1) the Director of Commerce and Economic Opportunity, or his or her designee, who shall serve as c…

(20 ILCS 655/5.3) (from Ch. 67 1/2, par. 608) Sec. 5.3. Certification of Enterprise Zones; effective date. (a) Certification of Board-approved designated Enterprise Zones shall be made by the Department by certification of the designating ordinance. The Department shall promptly …

(20 ILCS 655/5.4) (from Ch. 67 1/2, par. 609) Sec. 5.4. Amendment and decertification of Enterprise Zones. (a) The terms of a certified enterprise zone designating ordinance may be amended to (i) alter the boundaries of the Enterprise Zone, or (ii) expand, limit or repeal tax inc…

(20 ILCS 655/5.4.1) Sec. 5.4.1. Adoption of Tax Increment Financing. (a) If (i) a redevelopment project area is, will be, or has been created by a municipality under Division 74.4 of the Illinois Municipal Code, (ii) the redevelopment project area contains property that is locate…

(20 ILCS 655/5.5) (from Ch. 67 1/2, par. 609.1) Sec. 5.5. High Impact Business. (a) In order to respond to unique opportunities to assist in the encouragement, development, growth, and expansion of the private sector through large scale investment and development projects, the De…

(20 ILCS 655/6) (from Ch. 67 1/2, par. 610) Sec. 6. Powers and Duties of Department. (A) General Powers. The Department shall administer this Act and shall have the following powers and duties: (1) To monitor the implementation of this Act and submit reports evaluating the effect…

(20 ILCS 655/7) (from Ch. 67 1/2, par. 611) Sec. 7. State Incentives Regarding Public Services and Physical Infrastructure. (a) This Act does not restrict tax incentive financing pursuant to the "Tax Increment Allocation Redevelopment Act". (b) Industrial development bonds. Prior…

(20 ILCS 655/8) (from Ch. 67 1/2, par. 612) Sec. 8. Zone Administration. The administration of an Enterprise Zone shall be under the jurisdiction of the designating municipality or county. Each designating municipality or county shall, by ordinance, designate a Zone Administrator…

(20 ILCS 655/8.1) Sec. 8.1. Accounting. (a) Any business receiving tax incentives due to its location within an Enterprise Zone or its designation as a High Impact Business must annually report to the Department of Revenue information reasonably required by the Department of Reve…

(20 ILCS 655/8.2) Sec. 8.2. Zone Administrator. (a) Each Zone Administrator designated under Section 8 of this Act shall post a copy of the boundaries of the Enterprise Zone on its official Internet website and shall provide an electronic copy to the Department. The Department sh…

(20 ILCS 655/9) (from Ch. 67 1/2, par. 613) Sec. 9. State Regulatory Exemptions In Enterprise Zones. (a) The Department shall conduct an ongoing review of such agency rules and regulations that may be identified by the department or representatives of designating municipalities a…

(20 ILCS 655/9.1) (from Ch. 67 1/2, par. 614) Sec. 9.1. State and local regulatory alternatives. (a) Agencies may provide in their rules and regulations for: (i) the exemption of business enterprises within enterprise zones; or (ii) modifications or alternatives specifically appl…

(20 ILCS 655/9.2) (from Ch. 67 1/2, par. 615) Sec. 9.2. Exemptions from Regulatory Relaxation. (a) Section 9 and subsection (a) of Section 9.1 do not apply to rules and regulations promulgated pursuant to: (i) the "Environmental Protection Act"; (ii) the "Illinois Historic Preser…

(20 ILCS 655/9.3) Sec. 9.3. Railroad right-of-way. Any business entity located in an enterprise zone shall be granted access to build facilities to cross a railroad right-of-way owned by a land management company and not a registered rail carrier for the purpose of conveyance of …

(20 ILCS 660/1) (from Ch. 5, par. 2701) Sec. 1. Short title. This Act may be cited as the Family Farm Assistance Act. (Source: P.A. 87-170.)

(20 ILCS 660/15) (from Ch. 5, par. 2715) Sec. 15. Definitions. In this Act: "Department" means the Illinois Department of Commerce and Economic Opportunity. "Director" means the Director of Commerce and Economic Opportunity. "Eligible farmer" means a person who is a resident of I…

(20 ILCS 660/20) (from Ch. 5, par. 2720) Sec. 20. Purpose. The purpose of this Act is to assist eligible farmers, farm families and farm workers who are dislocated from their farms due to farm closings or layoffs caused by business slowdown or failure. Additionally, this Act is t…

(20 ILCS 660/25) (from Ch. 5, par. 2725) Sec. 25. Powers. The Department has the following powers: (a) The Department may establish and coordinate a Farm Family Assistance Program. (b) The Department may establish guidelines to identify farmers, farm families, and farm workers wh…

(20 ILCS 660/5) (from Ch. 5, par. 2705) Sec. 5. Statement of findings. The General Assembly finds that: (a) Illinois' rural economy suffers from serious stagnation which poses a real threat to farm families. (b) Illinois has continued to suffer increased out-migration from rural …

(20 ILCS 662/1) Sec. 1. Short title. This Act may be cited as the Local Planning Technical Assistance Act. (Source: P.A. 92-768, eff. 8-6-02.)

(20 ILCS 662/10) Sec. 10. Definitions. In this Act: "Comprehensive plan" means a regional plan adopted under Section 5-14001 of the Counties Code, an official comprehensive plan adopted under Section 11-12-6 of the Illinois Municipal Code, or a local land resource management plan…

(20 ILCS 662/15) Sec. 15. Technical assistance grants. The Department may make grants to units of local government to develop, update, administer, and implement comprehensive plans, subsidiary plans, land development regulations, development incentives, market feasibility studies…

(20 ILCS 662/20) Sec. 20. Model ordinances and technical publications. The Department may prepare model ordinances, manuals, and other technical publications that are founded upon and promote comprehensive planning. The Department may make all possible use of existing model ordin…

(20 ILCS 662/25) Sec. 25. Use of technical assistance grants. (a) Technical assistance grants may be used to write or revise a local comprehensive plan. A comprehensive plan funded under Section 15 of this Act must address, but is not limited to addressing, each of the following …

(20 ILCS 662/30) Sec. 30. Consistency of land use regulations and actions with comprehensive plans. (a) If a municipality or county is receiving assistance to write or revise a comprehensive plan, for 5 years after the effective date of the plan, land development regulations, inc…

(20 ILCS 662/35) Sec. 35. Educational and training programs. The Department may provide educational and training programs in planning, regulatory, and development practices and techniques that promote and encourage comprehensive planning, including, but not limited to, the use an…

(20 ILCS 662/40) Sec. 40. Annual report. (a) The Department may, at least annually but more often at its discretion, report in writing to the Governor and General Assembly on: (1) The results and impacts of county and municipal activities funded by the grants authorized by this A…

(20 ILCS 662/45) Sec. 45. (Repealed). (Source: P.A. 92-768, eff. 8-6-02. Repealed by P.A. 99-933, eff. 1-27-17.)

(20 ILCS 662/46) Sec. 46. Affordable housing school cost reimbursement. (a) As used in this Section, the following terms have the following meanings: "Affordable multifamily housing" means the preservation or creation of any homes (condominiums, apartments, townhomes, etc.) servi…

(20 ILCS 662/5) Sec. 5. Purposes. The purposes of this Act are to: (1) Provide technical assistance to Illinois local governments that request it for the development of local planning ordinances and regulations. (2) Encourage Illinois local governments to engage in planning, regu…

(20 ILCS 662/900) Sec. 900. (Amendatory provisions; text omitted). (Source: P.A. 92-768, eff. 8-6-02; text omitted.)

(20 ILCS 662/999) Sec. 999. Effective date. This Act takes effect upon becoming law. (Source: P.A. 92-768, eff. 8-6-02.)

(20 ILCS 663/1) Sec. 1. Short title. This Act may be cited as the New Markets Development Program Act. (Source: P.A. 95-1024, eff. 12-31-08.)

(20 ILCS 663/10) Sec. 10. Credit established. A person or entity that makes a qualified equity investment earns a vested right to tax credits as follows: (1) on each credit allowance date of the qualified equity investment, the purchaser of the qualified equity investment, or sub…