Chapter 30, FINANCE

(30 ILCS 750/8-4) (from Ch. 127, par. 2708-4) Sec. 8-4. Business Development Public Infrastructure Loans and Grants. (a) The Department is authorized to provide loans, on an interest-free or below market rate basis, or grants to local governments in the State for the purpose of a…

(30 ILCS 750/8-5) (from Ch. 127, par. 2708-5) Sec. 8-5. Application Procedures for Business Development Public Infrastructure Loans and Grants. Application for funds shall be made in the form and manner as the Department shall prescribe. Each application shall address, at a minim…

(30 ILCS 750/8-6) (from Ch. 127, par. 2708-6) Sec. 8-6. Business Development Public Infrastructure Loan and Grant Conditions. Business Development Public Infrastructure loans and grants awarded by the Department are subject to the following conditions: (a) Financial assistance th…

(30 ILCS 750/8-7) (from Ch. 127, par. 2708-7) Sec. 8-7. Public Infrastructure Construction Loan Revolving Fund. (a) There is hereby created within the State Treasury the Public Infrastructure Construction Loan Revolving Fund ("Fund"). The Department shall have the authority to ma…

(30 ILCS 750/8-8) (from Ch. 127, par. 2708-8) Sec. 8-8. Confidentiality. Any documentary materials or data made or received by any member, agent, or employee of the Department, to the extent that such material or data consist of trade secrets, or commercial or financial informati…

(30 ILCS 750/8-9) (from Ch. 127, par. 2708-9) Sec. 8-9. Federal Programs. The Department is authorized to accept and expend federal monies pursuant to this Article except that the terms and conditions hereunder which are inconsistent with or prohibited by the federal authorizatio…

(30 ILCS 750/9-1) (from Ch. 127, par. 2709-1) Sec. 9-1. This Article shall be known and may be cited as the "Small Business Development Act". (Source: P.A. 84-109.)

(30 ILCS 750/9-10) (from Ch. 127, par. 2709-10) Sec. 9-10. Federal Programs. (a) The Department is authorized to accept and expend federal moneys pursuant to this Article except that the terms and conditions hereunder which are inconsistent with, prohibited by, or more restrictiv…

(30 ILCS 750/9-11) (Section scheduled to be repealed on January 1, 2027) Sec. 9-11. Port Development Revolving Loan Program. (1) There is created in the State treasury the Port Development Revolving Loan Fund, referred to in this Section as the Fund. Moneys in the Fund may be app…

(30 ILCS 750/9-2) (from Ch. 127, par. 2709-2) Sec. 9-2. Definitions. The following terms, whenever used or referred to in this Article, shall have the following meanings ascribed to them, except where the context clearly requires otherwise: (a) "Financial intermediary" means a co…

(30 ILCS 750/9-3) (from Ch. 127, par. 2709-3) Sec. 9-3. Powers and duties. The Department has the power: (a) To make loans or equity investments to small businesses, and to make loans or grants or investments to or through financial intermediaries. The loans and investments shall…

(30 ILCS 750/9-4) (from Ch. 127, par. 2709-4) Sec. 9-4. Intermediary agreements and loans. Any loan made pursuant to this Article shall: (a) Be made only if a participating lender or other investor also provides a portion of the financing with respect to the project. The particip…

(30 ILCS 750/9-4.1) (from Ch. 127, par. 2709-4.1) Sec. 9-4.1. Applications for loans. All applications for loans to small businesses shall be submitted to the Department on forms and subject to filing fees prescribed by the Department. The Department shall conduct such investigat…

(30 ILCS 750/9-4.2) (from Ch. 127, par. 2709-4.2) Sec. 9-4.2. Illinois Capital Revolving Loan Fund. (a) There is hereby created the Illinois Capital Revolving Loan Fund, hereafter referred to in this Article as the "Capital Fund" to be held as a separate fund within the State Tre…

(30 ILCS 750/9-4.2a) Sec. 9-4.2a. Rural micro-business loans. (a) In order to increase the growth of small rural businesses, the rural micro-business loan program is created and shall be administered by the Department of Commerce and Economic Opportunity, subject to appropriation…

(30 ILCS 750/9-4.3) (from Ch. 127, par. 2709-4.3) Sec. 9-4.3. Minority, veteran, female, and disability loans. (a) In the making of loans for minority, veteran, female, or disability small businesses, as defined below, the Department is authorized to employ different criteria in …

(30 ILCS 750/9-4.4) Sec. 9-4.4. Financial intermediary agreements. (a) The Department is authorized to exercise its powers and duties set forth in this Article through various financial intermediary agreements to assist young firms, including business start-ups and micro-enterpri…

(30 ILCS 750/9-4.6) Sec. 9-4.6. Financial intermediary applications. (a) Before implementing any financial intermediary program component, the Department may establish rules including, but not limited to, application, review, and approval procedures; form of documentation, servic…

(30 ILCS 750/9-4.7) Sec. 9-4.7. Military Reservist Business Assistance Loan Program. (a) As used in this Section: "Period of military conflict" means (i) a period of war declared by Congress; (ii) a period of national emergency declared by Congress or by the President; or (iii) a…

(30 ILCS 750/9-4.8) Sec. 9-4.8. State Small Business Credit Initiative Fund. (a) There is hereby created the State Small Business Credit Initiative Fund, also referred to in this Article as the "SSBCI Fund", as a special fund in the State treasury. The purpose of the SSBCI Fund i…

(30 ILCS 750/9-5) (from Ch. 127, par. 2709-5) Sec. 9-5. Equity Investments. Any equity investment shall: (a) Be made only if a participating lender or other investor also provides a portion of the financing with respect to the project. The participating lender's or other investor…

(30 ILCS 750/9-5.1) (from Ch. 127, par. 2709-5.1) Sec. 9-5.1. Applications for Illinois Equity Investments. (a) All applications for the Illinois Equity Investments to or on behalf of small businesses shall be submitted to the Department on forms and subject to filing fees prescr…

(30 ILCS 750/9-5.2) (from Ch. 127, par. 2709-5.2) Sec. 9-5.2. Illinois Equity Fund. (a) There is created the Illinois Equity Fund, to be held as a separate fund within the State Treasury. The purpose of the Illinois Equity Fund is to make equity investments in Illinois. All finan…

(30 ILCS 750/9-5.3) Sec. 9-5.3. Equity intermediary agreements. (a) The Department is authorized to exercise its powers and duties set forth in this Article through equity intermediary agreements to assist young, high risk, technology based firms, including business start-ups. (b…

(30 ILCS 750/9-6) (from Ch. 127, par. 2709-6) Sec. 9-6. Technical Assistance Grants. Any grant made pursuant to this Article shall: (a) Be made only if a recipient not-for-profit organization also provides a portion of the financing with respect to the technical assistance projec…

(30 ILCS 750/9-6.1) (from Ch. 127, par. 2709-6.1) Sec. 9-6.1. Applications for grants. (a) All applications for grants to not-for-profit organizations shall be submitted to the Department on forms prescribed by the Department. The Department shall conduct such investigation and o…

(30 ILCS 750/9-7) (from Ch. 127, par. 2709-7) Sec. 9-7. Hold Harmless. Nothing in this Article 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 ac…

(30 ILCS 750/9-8) (from Ch. 127, par. 2709-8) Sec. 9-8. Confidentiality. Any documentary materials or data made or received by any member, agent or employee of the Department, to the extent that such material or data consists of trade secrets, commercial, or financial information…

(30 ILCS 750/9-9) (from Ch. 127, par. 2709-9) Sec. 9-9. Annual Report. On January 31 of each year, the Department shall report on its operations of the Illinois Capital Revolving Loan Fund and the Illinois Equity Fund for the preceding fiscal year to the Governor and the General …

(30 ILCS 750/10-1) (from Ch. 127, par. 2710-1) Sec. 10-1. This Article shall be known and may be cited as the "Large Business Development Act". (Source: P.A. 84-109.)

(30 ILCS 766/10-1) Sec. 10-1. Short title. This Article may be cited as the Community Health Center Construction Act, and references in this Article to "this Act" mean this Article. (Source: P.A. 96-37, eff. 7-13-09.)

(30 ILCS 764/10-1) Sec. 10-1. Short title. This Article may be cited as the Park and Recreational Facility Construction Act of 2009. References in this Article to "this Act" mean this Article. (Source: P.A. 102-558, eff. 8-20-21.)

(30 ILCS 766/10-10) Sec. 10-10. Operation of the grant program. (a) The Board, in consultation with the Department, shall establish the Community Health Center Construction Grant Program and may make grants to eligible community providers subject to appropriations out of funds re…

(30 ILCS 750/10-10) (from Ch. 127, par. 2710-10) Sec. 10-10. Federal Programs. The Department is authorized to accept and expend federal monies pursuant to this Article except that terms and conditions hereunder which are inconsistent with or prohibited by the federal authorizati…

(30 ILCS 764/10-10) Sec. 10-10. Grant awards. The Department is authorized to make grants for park or recreation unit construction projects with funds appropriated for that purpose from the Build Illinois Bond Fund. No single construction project may be eligible to receive more t…

(30 ILCS 500/10-10) Sec. 10-10. Independent State purchasing officers. (a) The chief procurement officer shall appoint and determine the salary of a State purchasing officer for each agency that the chief procurement officer is responsible for under Section 1-15.15. A State purch…

(30 ILCS 764/10-15) Sec. 10-15. Grants. Any local government may apply to the Department for a grant under this Act. An application must be in writing and contain a narrative description of the project, the legal description of the open lands to be acquired or used for the capita…

(30 ILCS 500/10-15) Sec. 10-15. Procurement compliance monitors. (a) The Executive Ethics Commission may appoint procurement compliance monitors to oversee and review the procurement processes. Each procurement compliance monitor shall serve a term of 5 years beginning on the dat…

(30 ILCS 766/10-15) Sec. 10-15. Eligibility for grant. To be eligible for a grant under this Act, a recipient must be a community provider as defined in Section 10-5 of this Act. (Source: P.A. 96-37, eff. 7-13-09.)

(30 ILCS 750/10-2) (from Ch. 127, par. 2710-2) Sec. 10-2. 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…

(30 ILCS 766/10-20) Sec. 10-20. Use of grant moneys. A recipient of a grant under this Act may use the grant moneys to do any one or more of the following: (1) Purchase equipment. (2) Acquire a new physical location for the purpose of delivering primary health care services. (3) …

(30 ILCS 764/10-20) Sec. 10-20. Priorities for projects. In considering applications for grants under this Act, the Department shall give priority to projects that will provide the greatest benefit to the residents of the State, based upon criteria established by the Department i…

(30 ILCS 500/10-20) Sec. 10-20. Independent chief procurement officers. (a) Appointment. Within 60 calendar days after July 1, 2010 (the effective date of Public Act 96-795), the Executive Ethics Commission, with the advice and consent of the Senate shall appoint or approve 4 chi…

(30 ILCS 766/10-25) Sec. 10-25. Reporting. Within 60 days after the first year of a grant under this Act, the grant recipient must submit a progress report to the Department. The Department may assist each grant recipient in meeting the goals and objectives stated in the original…

(30 ILCS 764/10-25) Sec. 10-25. Consideration of applications. The Department shall consider all applications for grants filed prior to a deadline established by the Department for a fiscal year before awarding any grants for that year. The Department shall evaluate those applica…

(30 ILCS 750/10-3) (from Ch. 127, par. 2710-3) Sec. 10-3. Powers and Duties. The Department has the power to: (a) Provide loans from the Build Illinois Bond Fund, the Fund for Illinois' Future, or the Large Business Attraction Fund to a business undertaking a project and accept m…

(30 ILCS 764/10-30) Sec. 10-30. Supervision of park or recreation unit construction projects. The Department shall exercise general supervision over park or recreation unit construction projects financed pursuant to this Act. No project may be disapproved by the Department solely…

(30 ILCS 500/10-30) Sec. 10-30. Fiduciary duty. Each chief procurement officer, State purchasing officer, and procurement compliance monitor owe a fiduciary duty to the State. (Source: P.A. 100-43, eff. 8-9-17.)

(30 ILCS 764/10-35) Sec. 10-35. Limitation of grant award period. No grant awarded pursuant to this Act shall have an initial term exceeding 3 years beginning on the date of first execution of the grant agreement by the Department. Each local government awarded a grant under this…

(30 ILCS 750/10-4) (from Ch. 127, par. 2710-4) Sec. 10-4. Loans. Any loan made under this Article 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 t…