100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB0736

 

Introduced , by Rep. Mary E. Flowers

 

SYNOPSIS AS INTRODUCED:
 
305 ILCS 5/12-4.50 new

    Amends the Illinois Public Aid Code. Requires the Department of Human Services to establish a small business grant program for public aid recipients who are interested in developing a new start-up business. Requires grant applicants to submit an initial business plan or proposal to the Department that clearly articulates the viability of the new start-up business and how the grant money will be used to develop the business. Provides that the Department shall use such application materials to determine an applicant's eligibility under the program, the grant amount to be awarded, if applicable, and the number of grants an eligible applicant will receive under the program. Provides that if an applicant is determined by the Department to be eligible for a small business grant, the applicant must submit to the Department every year that he or she participates in the program or applies for a new grant an updated business plan or proposal that demonstrates the continued viability or progress of the new start-up business. Requires the Department to adopt any rules necessary to implement the program, including rules on the minimum and maximum grant amounts awarded under the program, the number of grants an applicant may apply for or receive during a specified period of time, and application requirements.


LRB100 05692 KTG 15713 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB0736LRB100 05692 KTG 15713 b

1    AN ACT concerning public aid.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Public Aid Code is amended by
5adding Section 12-4.50 as follows:
 
6    (305 ILCS 5/12-4.50 new)
7    Sec. 12-4.50. Small business grant program. The Department
8of Human Services shall establish a small business grant
9program for public aid recipients who are interested in
10developing a new start-up business. Grant applicants must
11submit an initial business plan or proposal to the Department
12that clearly articulates the viability of the new start-up
13business and how the grant money will be used to develop the
14business. The Department shall use such application materials
15to determine an applicant's eligibility under the program, the
16grant amount to be awarded, if applicable, and the number of
17grants an eligible applicant will receive under the program. If
18an applicant is determined by the Department to be eligible for
19a small business grant, the applicant must submit to the
20Department every year that he or she participates in the
21program or applies for a new grant an updated business plan or
22proposal that demonstrates the continued viability or progress
23of the new start-up business. The Department shall adopt any

 

 

HB0736- 2 -LRB100 05692 KTG 15713 b

1rules necessary to implement this provision, including rules on
2the minimum and maximum grant amounts awarded under the
3program, the number of grants an applicant may apply for or
4receive during a specified period of time, and application
5requirements.
6