Illinois General Assembly - Full Text of HB0726
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Full Text of HB0726  102nd General Assembly




HB0726 EngrossedLRB102 10072 AWJ 15392 b

1    AN ACT concerning local government.
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4    Section 5. The Illinois Municipal Code is amended by
5adding Section 8-12-10.5 as follows:
6    (65 ILCS 5/8-12-10.5 new)
7    Sec. 8-12-10.5. State grants. If a financially distressed
8city or Authority is awarded a State grant, any moneys the
9financially distressed city or Authority would be required to
10match under the grant are waived unless the moneys under the
11grant come from federal moneys that require the match. The
12entity awarding a State grant shall not consider a
13municipality's status as a financially distressed city in
14awarding a State grant.
15    Section 99. Effective date. This Act takes effect upon
16becoming law.