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30 ILCS 750/8-3
(30 ILCS 750/8-3) (from Ch. 127, par. 2708-3)
Sec. 8-3. Powers of the Department. The Department has the power to:
(a) provide business development public infrastructure loans or grants
from appropriations from the Build Illinois Bond Fund, the Fund for Illinois' Future, and the Public Infrastructure
Construction Loan Fund to local governments to provide or improve a community's
public infrastructure so as to create or retain private sector jobs pursuant to
the provisions of this
Article;
(b) provide affordable financing of public infrastructure loans and grants
to, or on behalf of, local governments, local public entities, medical
facilities, and public health clinics from appropriations from the Public
Infrastructure Construction Loan Fund for the purpose of assisting with the
financing, or application and access to financing, of a community's public
infrastructure necessary to health, safety, and economic development;
(c) enter into agreements, accept funds or grants,
and engage in cooperation with agencies of the federal
government, or state or local governments to carry out the
purposes of this Article, and to use funds appropriated pursuant
to this Article to participate in federal infrastructure loan and
grant programs upon such terms and conditions as may be
established by the federal government;
(d) establish application, notification, contract,
and other procedures, rules, or regulations deemed necessary
and appropriate to carry out the provisions of this Article;
(e) coordinate assistance under this program with
activities of the Illinois Finance Authority in
order to maximize the effectiveness and efficiency of State
development programs;
(f) coordinate assistance under the Affordable Financing of Public
Infrastructure Loan and Grant Program with the activities of the
Illinois Finance Authority, Illinois Housing Development Authority, Illinois
Environmental Protection Agency, and other federal and State programs and
entities providing financing assistance to communities for public health,
safety, and economic development infrastructure;
(f-5) provide staff, administration, and related support required to
manage the programs authorized under this Article and pay for the staffing,
administration, and related support from the Public Infrastructure Construction
Loan Revolving Fund;
(g) exercise such other powers as are necessary or incidental to the
foregoing.
(Source: P.A. 93-205 (Sections 890-10, 890-34, and 890-43), eff. 1-1-04; 94-91, eff. 7-1-05.)
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