|HB0726 Engrossed||LRB102 10072 AWJ 15392 b|
AN ACT concerning local government.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
The Illinois Municipal Code is amended by
adding Section 8-12-10.5 as follows:
(65 ILCS 5/8-12-10.5 new)
If a financially distressed
city or Authority is awarded a State grant, any moneys the
financially distressed city or Authority would be required to
match under the grant are waived unless the moneys under the
grant come from federal moneys that require the match. The
entity awarding a State grant shall not consider a
municipality's status as a financially distressed city in
awarding a State grant.
This Act takes effect upon