reglab/housing_qa huggingface dataset:
20 ILCS 700/1002
2021 Illinois Compiled Statutes|Chapter 20 - EXECUTIVE BRANCH|20 ILCS 700/ - Technology Advancement and Development Act.|Article 1 - Short Title, Purpose, Definitions And General Powers

 (from Ch. 127, par. 3701-2)Sec. 1002.     Findings and declaration of policy.     The General Assembly  hereby finds that numerous economic challenges confront the State,  including dramatic increases in foreign productivity and global market  competition which have forced a retrenchment in key business sectors and a  reduction in high paying manufacturing jobs which threaten to undermine  Illinois' standard of living and quality of life.  In order to avoid  economic stagnation and decline, Illinois must keep pace with the global  revolution in manufacturing technology that is occurring in virtually every  major industrialized nation competing in the international marketplace.The General Assembly further finds that an appropriate economic response  would require increasing the level of investment in research and  development;  utilizing industry, State and local government, labor, and  academia to  create state-wide programs; and fostering an improved environment for  productivity and technological competitiveness.  These various programs  would utilize Illinois' present resources in many developing areas  including health care and biomedical research, information and  telecommunications, computing and electronic equipment, manufacturing  technologies and materials research, transportation and aerospace,  geoscience, financial and service industries, and agriculture and  biotechnology.It is the purpose of this Act to identify, develop and commercialize  technology which will permit Illinois firms to successfully compete in  today's world markets, and to authorize State and local government to  promote systematically, within the provisions of this Act, those private  sector and nonprofit research institution efforts that will serve as  intermediaries to achieve the programs authorized under this Act; and  continue  to  insure Illinois' economic vitality and competitiveness through (i)  commercialization of new technology products; (ii) modernization of services by  technology enterprises; and (iii) modernization  of the industrial base of small and medium-sized manufacturers.    (Source: P.A. 91-476, eff. 8-11-99.)
20 ILCS 700/Art. 2 heading
2021 Illinois Compiled Statutes|Chapter 20 - EXECUTIVE BRANCH|20 ILCS 700/ - Technology Advancement and Development Act.|Article 2 - Technology Challenge Grant Program

 ARTICLE 2  TECHNOLOGY CHALLENGE GRANT PROGRAM
20 ILCS 700/2001
2021 Illinois Compiled Statutes|Chapter 20 - EXECUTIVE BRANCH|20 ILCS 700/ - Technology Advancement and Development Act.|Article 2 - Technology Challenge Grant Program

 (from Ch. 127, par. 3702-1)Sec. 2001.     Technology Challenge Grant Program.(a) The Department  may, subject to appropriated funds, establish a Technology  Challenge Grant  Program to provide initial grant funding requirements to help secure  federal research and development projects for this State and to identify and  develop technology programs capable of commercialization or establish one or  more programs authorized under this Article as part of its Technology Challenge  Grant Program Initiative to serve as a catalyst and assure a strong base to  develop, transfer, or commercialize new technologies.  The Department  shall, pursuant to Section 2003 of this Article, evaluate which grant  applications best serve the economic and technological objectives of the State.(b) Grants shall be awarded from appropriations made for that purpose to:  (i) universities, colleges, community colleges, nonprofit research foundations  or laboratories, State research institutions, industry technology associations,  (ii) technology partnerships or technology consortiums established by a  formal joint project agreement between: (1) two or more private industries, or  (2) any combination of one or more private industries with one or more  universities, colleges, community colleges, nonprofit research laboratories,  nonprofit research foundations, or State research institutions, or (iii) any  private enterprise developing or commercializing technology or leveraging  federal technology development financing, including, but not limited to, the  small business innovative research program.    (Source: P.A. 91-476, eff. 8-11-99.)
20 ILCS 700/2002
2021 Illinois Compiled Statutes|Chapter 20 - EXECUTIVE BRANCH|20 ILCS 700/ - Technology Advancement and Development Act.|Article 2 - Technology Challenge Grant Program

 (from Ch. 127, par. 3702-2)Sec. 2002. Grant purposes.(a) Grants authorized under this Article  shall be awarded only for the following purposes: (i) applied innovation  research that provides initial grant funding to help serve critical research  and development projects to respond  to  unique, advanced technology projects and which foster the development of  Illinois' economy through  the advancement of the State's economic, scientific, and technological  assets, or  which are recognized as technology programs of exemplary and outstanding  research in the field of science and technology; or to assist  eligible  applicants in the State apply for, or qualify for and leverage, federal  funds awarded for advanced technology projects concerning research and  development, business innovation research or technical development, or the  transfer of useful technology to the private sector;  (ii) university and industry partnerships that create high-skill employment  opportunities and internship  activities in the communities that enable graduates and faculty to stay in  Illinois and  university and industry initiatives that strengthen the relationship between  industry and academia in  Illinois so that applied university research is responsive to the needs of the  various state industries  and industry clusters;  (iii)  centers of excellence in technology commercialization, innovation evaluation,  and intellectual  property management that encourages the growth of new enterprises based on  technologies  developed at Illinois research centers including technology  partnerships, technology consortiums or research centers and industry  technology associations that are, or will be, established to perform research  and development in present and emerging technologies that can be developed for  use by commerce and industry;  (iv) technology  transfer projects involving promotion of new or innovative technologies  among  small and medium-sized Illinois manufacturers where the technologies have  immediate commercial application; training  and information dissemination that is directly applicable to small and  medium-sized Illinois manufacturer needs; or information transfer to Illinois  based  research institution regarding best practice in industrial  commercialization of technology developments; (v) planning and operational  support for statewide support that improve practices in technology  commercialization including  needs  assessment and evaluation of the status of technology implementation throughout  the State; and (vi) research and testing of products that render the use of anhydrous ammonia inert in the production of methamphetamine.(b) Grants awarded pursuant to this Article may be used to help  subsidize expenses, as approved by the Department, for capital  improvements, equipment, contractual services, commodities, personnel,  support costs, including telecommunication, electronic data and  commodities, or other costs.       (Source: P.A. 95-433, eff. 8-24-07.)
20 ILCS 700/2003
2021 Illinois Compiled Statutes|Chapter 20 - EXECUTIVE BRANCH|20 ILCS 700/ - Technology Advancement and Development Act.|Article 2 - Technology Challenge Grant Program

(20 ILCS 700/2003) (from Ch. 127, par. 3702-3)Sec. 2003.     Grant evaluation and amounts.(a) The Department shall evaluate grant applications based upon  criteria provided under this Section.  The Department shall not award any  Challenge Grant that is not recommended for funding by the Illinois  Science and Technology Advisory Committee and the Illinois  Coalition.  In determining which grant  applicants shall be awarded a Challenge Grant, the Department shall conduct  an evaluation of prior compliance with loan or grant agreements for any  grant applicant previously funded by the Department.  In addition, the  Department shall consider the following criteria in determining grant  awards:  the relationship of a proposed advanced technology project to the  State's future economic growth; the qualifications and expertise of  consultants, firms or organizations undertaking the effort; the potential  for leveraging federal or private research dollars, or both, for the  initiative; the extent of  the capacity of the applicant or the applicant partnership or consortium to  finance the initiative; the potential for adapting, commercializing or  adopting the results of the applicant's project for the economic benefit of  the State; and the likelihood that the project has a potential for creating  new jobs or retaining current jobs in the State.(b) The Director of the Department shall determine the level of the  grant award and shall determine the share of total directly attributable  costs of an advanced technology project which may be considered for funding  under this Article.(c) The Department and the Department of Natural  Resources are hereby authorized to cooperate with and provide support to  the Illinois Science and Technology Advisory Committee  and the Illinois  Coalition.  Such support may include the provision of office space and may be  technical, advisory or operational in nature.    (Source: P.A. 91-357, eff. 7-29-99; 91-476, eff. 8-11-99.)
20 ILCS 700/Art. 3 heading
2021 Illinois Compiled Statutes|Chapter 20 - EXECUTIVE BRANCH|20 ILCS 700/ - Technology Advancement and Development Act.|Article 3 - Illinois Technology Enterprise Development And Investment Program

 ARTICLE 3.      ILLINOIS TECHNOLOGY ENTERPRISE DEVELOPMENT AND INVESTMENT PROGRAM
20 ILCS 700/3001
2021 Illinois Compiled Statutes|Chapter 20 - EXECUTIVE BRANCH|20 ILCS 700/ - Technology Advancement and Development Act.|Article 3 - Illinois Technology Enterprise Development And Investment Program

 (from Ch. 127, par. 3703-1)Sec. 3001.         Illinois Technology Enterprise Development  and Investment Program.  The Department  shall, subject to appropriated funds, establish an Advanced Technology  Enterprise Development Program to:  (i) provide  investments, loans, or qualified security investments to or  on behalf of young or growing businesses, in cooperation with private  investment companies, private investors or conventional lending  institutions which also assume  a portion of the investment loan or financing for a business project, or  on behalf of new or emerging business through financial intermediaries as  they commercialize  advanced technology projects;  (ii)  fund regional technology enterprise development centers that make  available resources and  expertise in furthering the technical or managerial skills of owners; aid the  ventures in locating financing;  and help new companies with product development and marketing.    (Source: P.A. 91-476, eff. 8-11-99.)
20 ILCS 700/3002
2021 Illinois Compiled Statutes|Chapter 20 - EXECUTIVE BRANCH|20 ILCS 700/ - Technology Advancement and Development Act.|Article 3 - Illinois Technology Enterprise Development And Investment Program

 (from Ch. 127, par. 3703-2)Sec. 3002.     Investment requirements.     Any direct financial assistance  shall:(a) Be awarded only if other financing with respect to the business project  is provided.  Other financing may be in the form of any loan, equity  position, convertible preferred stock, letter of credit, guarantee, limited  partnership interest, bond  purchase or any other form approved by the Department;(b) Be protected by adequate security.  Financial assistance may be secured by first or second  mortgage positions on real or personal property, by royalty payments, by  personal notes or guarantees, or by any other security satisfactory to the  Department to secure repayment, if required, by the financial assistance  agreement;(c) Be in such principal amount and form, and contain such terms and  provisions with respect to the property, insurance, repairs, alteration,  payment of taxes and assessments, delinquency charges, default remedies,  additional security and other matters as the Department shall  determine adequate to protect the public interest.    (Source: P.A. 91-476, eff. 8-11-99.)
20 ILCS 700/3003
2021 Illinois Compiled Statutes|Chapter 20 - EXECUTIVE BRANCH|20 ILCS 700/ - Technology Advancement and Development Act.|Article 3 - Illinois Technology Enterprise Development And Investment Program

 (from Ch. 127, par. 3703-3)Sec. 3003.     Applications.(a) An application for direct financial assistance shall be  submitted to the  Department in accordance with forms and filing fees prescribed by the  Department.  The application may require facts about the company's history,  job opportunities, stability of employment, past and present condition and  structure, actual and pro-forma income statements, present and future  market prospects and management qualification, and any other facts deemed  material to the financing request.  The Department shall obtain such  additional information concerning the application as it deems necessary and  diligent.The Department may create a credit review committee which shall, on the  basis of the application, and any other information, prepare a report  concerning the credit-worthiness of the proposed borrower, the financial  commitment of other investors, the manner in  which the proposed business project will advance the economy of the State,  and the soundness of the proposed financial assistance agreement.After consideration of such report, and after such other action as it  deems appropriate, the Department shall approve or deny the application.  If the Department approves the application, its approval shall specify the  amount of funds to be provided and the financial assistance agreement  provisions which shall apply to the applicant.  The applicant shall be  promptly notified of such action by the Department.(b) The Department may, subject to available appropriated funds, provide  grants or investments in  revolving fund portfolios with intermediary organizations or participating  lenders or investors.  The  financial assistance may be made available to intermediaries that assume a  responsibility for the  administration of the projects funded through the grant or investment.Applications shall be submitted to the Department in accordance with forms  and filing fees  prescribed by the Department.  The application may require facts about the  intermediary's history, past,  and present condition and structure, actual, and pro-forma income statements,  present and future market  prospects and management qualification, and any other facts deemed material to  the financing request.    (Source: P.A. 91-476, eff. 8-11-99.)
20 ILCS 700/3005
2021 Illinois Compiled Statutes|Chapter 20 - EXECUTIVE BRANCH|20 ILCS 700/ - Technology Advancement and Development Act.|Article 3 - Illinois Technology Enterprise Development And Investment Program

(20 ILCS 700/3005) (from Ch. 127, par. 3703-5)Sec. 3005.     Eligible applicants - forms of assistance.     Financial  assistance may be made to, or on behalf of, any for profit entity, sole  proprietorship, partnership, corporation or joint venture carrying on  business, or organized to carry on business, in this State. Financial  assistance authorized under this Article may be in the form of  participation agreements with participating lenders, direct loans, grant  agreements, purchases of qualified security or any other form as determined  by the Department.    (Source: P.A. 86-870.)
20 ILCS 700/Art. 3.5 heading
2021 Illinois Compiled Statutes|Chapter 20 - EXECUTIVE BRANCH|20 ILCS 700/ - Technology Advancement and Development Act.|Article 3.5 - Business Modernization Initiative

 ARTICLE 3.5.      BUSINESS MODERNIZATION INITIATIVE
20 ILCS 700/3501
2021 Illinois Compiled Statutes|Chapter 20 - EXECUTIVE BRANCH|20 ILCS 700/ - Technology Advancement and Development Act.|Article 3.5 - Business Modernization Initiative

Sec. 3501.     Business Modernization Initiative.     The Department may create  one or more programs under this Article to assist the State's existing  mature business and industry base to adopt and use appropriate technologies.  The programs may vary in breadth of activities, services, and projects in  accordance with the level or complexity of the manufacturers' needs or  problems.  The Department's programs shall emphasize  the provision of  comprehensive assistance.    (Source: P.A. 91-476, eff. 8-11-99.)
20 ILCS 700/3505
2021 Illinois Compiled Statutes|Chapter 20 - EXECUTIVE BRANCH|20 ILCS 700/ - Technology Advancement and Development Act.|Article 3.5 - Business Modernization Initiative

Sec. 3505.     Modernization Retooling Loan Program.(a) The Department may establish,  subject to available appropriated funds, a loan program that will  improve businesses' production systems and work organization to  preserve and create private sector jobs by increasing the firms'  long-term  competitive viability.  The program may provide loans to, or on behalf of,  the State's mature, small, or medium-sized businesses for the modernization and  installation of advanced technologies or processes.(b) A loan made for company modernization or retooling may  be for any purpose consistent with the objectives of this Act including, but  not limited to, purchases of advanced machinery, equipment, and tooling;  organizational expenses for services, personnel training, and corporate  restructuring;  working capital;  acquisition, improvement, or rehabilitation  of land and buildings that are an integral part of a new production or process  technology;  or any other business expense reasonably related to the  project. No  loan made by the Department shall  be used to pay for the retirement of previous debt unless the debt is a part  of the purchase or lease of machinery or equipment that is being upgraded.(c) In determining if a loan is to be provided, the Department  shall determine whether there will be an expected improvement in production  levels, quality of output, or timeliness of  delivery and that the number of jobs to be created or retained is reasonable in  relation to the loan funds requested.  A loan to an eligible applicant for  modernization or retooling shall not be made for more than $500,000 or for more  than 25% of the business project costs unless the Director  determines that a waiver of these limits is required to meet the purposes of  this Act.    (Source: P.A. 91-476, eff. 8-11-99.)
20 ILCS 700/3510
2021 Illinois Compiled Statutes|Chapter 20 - EXECUTIVE BRANCH|20 ILCS 700/ - Technology Advancement and Development Act.|Article 3.5 - Business Modernization Initiative

Sec. 3510.     Development Corporation Program.(a) The Department may provide,  subject to available appropriated funds, financial assistance to the  State's mature, small, or medium-sized businesses through development  corporations that assume a responsibility for the administration of the loan  projects for the modernization and installation of advanced technologies.(b) Development corporation financial assistance may be in the form of  direct loans, grants, or purchases of qualified security investments or  financial  assistance.  Development credit corporations, financial intermediaries, or  other  entities whose purpose includes financing, promoting, or encouraging  commercialization, adoption, or implementation of advanced technologies,  processes, or products, as determined by the Department, may participate in  this  program.(c) Financial assistance authorized under this Section shall be used by  the development corporation for loans or investments to firms to improve the  businesses' production systems and work organization that will  preserve and create private sector jobs by increasing the firms' long-term  competitive viability and may be used for the planning and operation of the  development corporation as approved by the Department through its agreement  with the development corporation.(d) The Department is authorized to rely upon, and may provide for in  the execution of an agreement, the participating lender's or investor's review  on  behalf of the State and approval of the credit, collateral security, and  documentation; determination of eligibility, economic results expected, and the  prospects for viability and repayment; the collection and use of fees,  premiums,  or charges; the organization, servicing, and disbursement of financial  assistance; and such other purposes and activities as the Department, in its  sole discretion, shall determine to be reasonable, appropriate, and  consistent with the purposes of this Article.    (Source: P.A. 91-476, eff. 8-11-99.)
20 ILCS 700/3515
2021 Illinois Compiled Statutes|Chapter 20 - EXECUTIVE BRANCH|20 ILCS 700/ - Technology Advancement and Development Act.|Article 3.5 - Business Modernization Initiative

Sec. 3515.     Modernization grants.(a) Subject to available appropriated  funds, modernization grants may be made for the purpose of  financing, competitive assessments, or productivity improvement services  that the Department determines may result in technology enhancement,  retooling, restructuring, or other competitiveness improvements.  Grants may  be made to, or on  behalf of, Illinois' mature, small, or medium-sized businesses for (i)  undertaking feasibility studies, competitiveness assessments, and productivity  audits to restore their businesses' competitiveness or (ii) the  modernization and installation of advanced manufacturing systems or processes  that will improve the businesses' production systems and work organization, or  will preserve and create private sector jobs by increasing the  firms' long-term competitive viability.(b) Assistance authorized under this Section may be in the form  of direct grant agreements, agreements with private sector consultants on  behalf of a firm, or  agreements with participating intermediary organizations  as authorized under Article 1.(c) In determining the amount of a modernization grant,  the Department shall:  (i) examine the level of expertise of the consultant or  firm undertaking the  competitiveness assessment or productivity improvement services;  (ii)  evaluate the likelihood of an applicant's proposed competitiveness assessment  or productivity improvement  services resulting in a substantial improvement in the applicant's  operations; and (iii) determine whether improvement will result in the creation  or retention of jobs.  Modernization grants to  eligible applicants shall not exceed $100,000 or 50% of the project costs,  unless the Director determines that a waiver of these limits  is required to meet the purposes of this Act.    (Source: P.A. 91-476, eff. 8-11-99.)