95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB0372


 
Introduced 1/26/2007, by Rep. Jack D. Franks
 
SYNOPSIS AS INTRODUCED:
 		














20 ILCS 715/20









    Amends the  Corporate Accountability for Tax Expenditures Act. Requires the Department of Commerce and Economic Opportunity to promptly identify, on its Internet website, all recipients of economic development aid who are required to repay moneys under the recapture provisions of the Act and to set forth the reasons for the recapture. Effective immediately.
















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FISCAL NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











HB0372

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    AN ACT concerning State government.

 
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    Be it enacted by the People of the State of Illinois,
 
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represented in the General Assembly:


 
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    Section 5. The Corporate Accountability for Tax 
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Expenditures Act is amended  by changing Section 20 as follows:
 



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    (20 ILCS 715/20)



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    Sec. 20. State development assistance disclosure. 

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    (a) Beginning February 1, 2005 and each year thereafter, 
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every State
granting body shall submit to the Department copies 
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of all development
assistance agreements that it approved in 
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the prior calendar year.

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    (b) For each development assistance agreement for which the 
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date of
assistance has occurred in the prior calendar year, 
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each recipient shall
submit to the Department a progress report 
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that shall include, but not be
limited to, the following:


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        (1) The application tracking number.


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        (2) The office mailing address, telephone number, and 
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    the name of the
chief
officer of the granting body.


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        (3) The office mailing address, telephone number, 
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    4-digit SIC
number or successor number,
and the name of the 
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    chief officer of the applicant or authorized designee
for 
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    the specific project site for which the
development

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    assistance was approved by the State granting body.


 


 






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        (4) The type of development assistance program and 
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    value of assistance
that was approved by the State granting 
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    body.


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        (5) The applicant's total number of employees at the 
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    specific project
site on the
date that the application was 
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    submitted to the State granting body and the
applicant's 
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    total number of employees at the
specific
project site on 
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    the date of the report, including the number of full-time,

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    permanent jobs, the number of
part-time jobs, and
the 
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    number of temporary jobs, and a computation of the gain or 
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    loss of jobs in
each category.


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        (6) The number of new employees and retained employees 
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    the applicant
stated
in its development assistance 
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    agreement, if any, if not, then in its
application, would 
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    be created
by the development assistance broken down by 
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    full-time, permanent, part-time,
and
temporary.


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        (7) A declaration of whether the recipient is
in 
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    compliance with the development assistance agreement.


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        (8) A detailed list of the occupation or job 
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    classifications and number
of new employees or
retained 
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    employees to be hired in full-time, permanent jobs, a 
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    schedule of
anticipated
starting dates of the new hires and 
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    the actual average wage by occupation or
job classification

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    and total payroll to be created as a result of the 
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    development assistance.


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        (9) A narrative, if necessary, describing how the 
 


 






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    recipient's use of the
development assistance during the 
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    reporting year has reduced employment at
any site in 
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    Illinois.


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        (10) A certification by the chief officer of the

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    applicant
or his or her authorized designee that the 
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    information in the progress report
contains no
knowing 
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    misrepresentation of material facts upon which eligibility 
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    for
development
assistance is based.

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    (c) The State granting body, or a successor agency,
shall 
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have full
authority to verify information contained in the 
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recipient's progress report,
including the authority to

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inspect the specific project site and
inspect the records of 
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the recipient that are subject to the development
assistance 
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agreement.

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    (d) If, at any time, a recipient is required to repay 
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moneys under the recapture provisions of Section 25, then the 
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Department must promptly identify that recipient on its 
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Internet website and set forth the reasons for the recapture. 
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In addition, by
By June 1, 2005 and by June 1 of each year 
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thereafter, the
Department shall compile
and publish all data 
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in all of the progress reports in
both written and electronic 
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form.

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    (e) If a recipient of development assistance fails to 
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comply with
subsection (b) of this Section, the Department 
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shall, within 20 working days
after the
reporting submittal

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deadlines set forth in (i) the legislation authorizing, (ii) 
 


 






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the
administrative rules implementing, or
(iii) specific 
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provisions in development assistance agreements pertaining to

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the development assistance programs, suspend within 33 working 
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days any current
development
assistance to the
recipient under 
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its control, and shall be prohibited from completing any

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current or providing any
future development assistance until it 
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receives proof that the recipient has
come into compliance
with 
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the requirements of subsection (b) of this Section.

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    (f) The Department shall have the discretion to modify the 
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information
required
in the progress report required under 
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subsection (b) consistent with the
disclosure purpose
of this 
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Section for any grants under the Industrial Training Program 
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that are
not given as
an incentive to a recipient business 
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organization.

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(Source: P.A. 93-552, eff. 8-20-03.)

 

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    Section 99. Effective date. This Act takes effect upon 
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becoming law.