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| 1 | AN ACT concerning finance.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 5. The Industrial Development Assistance Law is | ||||||
| 5 | amended by changing Sections 3 and 6 as follows:
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| 6 | (30 ILCS 720/3) (from Ch. 85, par. 893)
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| 7 | Sec. 3. Definitions. "Department" means the Department of | ||||||
| 8 | Commerce
and Economic Opportunity.
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| 9 | "Governing bodies" means, as to any county, municipality or | ||||||
| 10 | township,
the body empowered to enact ordinances or to adopt | ||||||
| 11 | resolutions for the
governance of such county, municipality or | ||||||
| 12 | township.
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| 13 | "Industrial development agency" means any nonprofit | ||||||
| 14 | corporation,
organization, association, or agency, including a | ||||||
| 15 | local school district or community college, which shall be | ||||||
| 16 | designated by proper
resolution of the governing body of any | ||||||
| 17 | county, concurred in by
resolution of the governing bodies of | ||||||
| 18 | municipalities or townships within
said county having in the | ||||||
| 19 | aggregate over 50% of the population of said
county, as | ||||||
| 20 | determined by the last preceding decennial United States
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| 21 | Census, as the agency authorized to make application to and | ||||||
| 22 | receive
grants from the Department of Commerce and Economic | ||||||
| 23 | Opportunity
for the purposes specified in this Act. Any two or | ||||||
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| 1 | more counties may, by the
procedures provided in this Act, | ||||||
| 2 | designate a single industrial
development agency to represent | ||||||
| 3 | such counties for the purposes of this
Act.
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| 4 | (Source: P.A. 94-793, eff. 5-19-06.)
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| 5 | (30 ILCS 720/6) (from Ch. 85, par. 896)
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| 6 | Sec. 6. Payment of grants to industrial development | ||||||
| 7 | agencies. | ||||||
| 8 | (a) Upon approval of each application and the making of a | ||||||
| 9 | grant by the
department in accordance therewith, the department | ||||||
| 10 | shall give notice to the
particular industrial development | ||||||
| 11 | agency of such approval and grant, and
shall direct the | ||||||
| 12 | industrial development agency to proceed with its proposed
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| 13 | promotional program as described in its application and to use | ||||||
| 14 | therefor
funds allocated by the industrial development agency | ||||||
| 15 | for such purpose. Upon
the furnishing of satisfactory evidence | ||||||
| 16 | to the department, on a quarterly
basis, that the particular | ||||||
| 17 | industrial development agency has so proceeded,
the grant | ||||||
| 18 | allocated to such industrial development agency shall be paid
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| 19 | over on such basis to the industrial development agency by the | ||||||
| 20 | department.
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| 21 | (b) In furtherance of the intent of this Act, a local | ||||||
| 22 | school district or community college may apply competitively | ||||||
| 23 | and receive a grant from the Department under this Act for the | ||||||
| 24 | acquisition of land, construction of facilities, and purchase | ||||||
| 25 | of equipment, dedicated solely to the instruction of | ||||||
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| 1 | occupations in manufacturing. To be eligible under this | ||||||
| 2 | subsection (b), a school district or community college shall, | ||||||
| 3 | in addition to other industrial development agency | ||||||
| 4 | requirements under this Act, demonstrate that it provides | ||||||
| 5 | instruction leading to industry-based certificates or degrees, | ||||||
| 6 | or both, and its application is supported in writing by not | ||||||
| 7 | less than 15 local manufacturing employers for high schools or | ||||||
| 8 | 25 manufacturing employers for community colleges. | ||||||
| 9 | (Source: P.A. 76-1961.)
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