reglab/housing_qa huggingface dataset:
30 ILCS 750/Art. 8 heading
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 8

 Article 8
30 ILCS 750/8-1
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 8

 (from Ch. 127, par. 2708-1)Sec. 8-1.     Short Title.     This Article shall be  known and may be cited as the "Public Infrastructure Loan and  Grant Programs Act".    (Source: P.A. 88-453.)
30 ILCS 750/8-2
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 8

 (from Ch. 127, par. 2708-2)Sec. 8-2. Definitions. As used in this Article:(a) "Department" means the Illinois Department of Commerce and  Economic Opportunity.(b) "Local government" means any unit of local government as defined in  Article VII, Section 1 of the 1970 Illinois Constitution.(c) "Business retention, development or expansion project"  means the expansion of an existing, for-profit commercial,  industrial, manufacturing, scientific, agricultural or  service business within Illinois, or the establishment of a  new such business on a site within Illinois, so long as the  business to be established is not relocating from another  site within the State, unless the relocation of such a business  will result in a substantial increase in employment or retention of an  existing such business.(d) "Public infrastructure" means local roads and streets, access roads,  bridges, and sidewalks; waste disposal systems; water and sewer line extensions  and water distribution and purification facilities, and sewage treatment  facilities; rail or air or water port improvements; gas and electric utility  facilities; transit capital facilities; development  and improvement of publicly owned industrial and commercial  sites, or other public capital improvements which are an  essential precondition to a business retention, development or expansion  project  for the purposes of the Business Development Public Infrastructure  Loan and Grant Program.  "Public Infrastructure" also means capital  acquisitions, construction, and improvements to other local facilities and  sites, and associated permanent furnishings and equipment that are a necessary  precondition to local health, safety and economic development for purposes of  the Affordable Financing of Public Infrastructure Loan and Grant Program.(e) "Local public entity" means any entity as defined by Section 1-206 of  the Local Governmental and Governmental Employees Tort Immunity Act.(f) "Medical facility" and "public health clinic" mean any entity as defined  by subsections (a) and (c), respectively, of Section 6-101 of the Local  Governmental and Governmental Employees Tort Immunity Act.       (Source: P.A. 94-793, eff. 5-19-06.)
30 ILCS 750/8-3
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 8

 (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.)
30 ILCS 750/8-4
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 8

 (from Ch. 127, par. 2708-4)Sec. 8-4.     Business Development Public Infrastructure Loans and Grants.(a) The Department is authorized to provide loans,  on an interest-free or below market rate basis, or grants to  local governments in the State for the purpose of assisting  in financing the cost of acquisition, construction, reconstruction,  replacement, repair, rehabilitation, alteration, expansion, extension  or improvement of public infrastructure.(b) Grants and loans are authorized for purposes  designated in this Section, but only when the applicant local  government demonstrates to the Department that it is unable  to finance the public infrastructure improvement solely from  local public or private revenue sources or funds.(c) Public infrastructure financing under this Section  shall be used only where it can be shown that a business  development, retention or expansion project on account of which such  financing is being sought will substantially increase employment or retain  a substantial number of jobs. The Department shall not make a loan or grant  unless the application includes convincing evidence that a specific private  business development, retention or expansion project is ready to occur and will  only occur if the loan or grant is made.(d) In addition to establishing the essential need  for financing of infrastructure to support a business development, retention  or expansion project, the applicant shall be required to  clearly document the employment that will occur or be retained as a result  of the project, the additional non-state financial resources  that will be used, and the overall financing need that exists  within the locality.(e) The Department shall make the determination to  provide public infrastructure financing to local governments  on the basis of criteria established by the Department.    (Source: P.A. 88-453.)
30 ILCS 750/8-5
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 8

 (from Ch. 127, par. 2708-5)Sec. 8-5.         Application Procedures for Business Development Public  Infrastructure Loans and Grants.  Application for funds shall be made in the  form and manner as the Department shall prescribe.  Each application shall  address, at a minimum, the following criteria:(a) The essential need, which must be clearly documented, for the public  infrastructure financing in order to secure a business development, retention  or expansion project within the community.(b) The applicant's financing capability and its ability to pay for, or  secure the payment of, part or all of the proposed public infrastructure  improvements, and the local government's tax effort, as shown by local tax  rates relative to other local governments of the same type in the State.(c) Local financing mechanisms available to help  pay for the costs of the public infrastructure project,  including, but not limited to, local revenue bonds, special  service area tax proceeds, local user charges, or applicable  federal loans or grants.(d) Clear documentation that there will be a significant increase in  employment or a significant number of jobs retained as a result of the business  development, retention or expansion project, including assurances from the firm  undertaking the project relating to the number and type of jobs to be created  or retained.(e) The proposed public infrastructure improvements,  which shall be described in detail and which shall  include a showing of their relationship to existing public  property and capital improvement plans, as well as the  pending business development or expansion project.(f) Documentation that the public infrastructure financing will provide a  reasonable return, either through repayment of funds loaned through the program  or new or retained personnel or business income.(g) Details regarding the firm undertaking the  business development, retention or expansion project, including the  company's history, future market prospects, actual and pro  forma income statements, employment projections, and related  details.  Documentary materials or data regarding the firm or  its commercial or financial information shall be deemed confidential  and shall not be deemed public records; provided,  however, that information pertaining to the ownership of the  firm shall not be exempt under this Section from public  disclosure.(h) Certification that the project is a business  development, retention or expansion project as defined herein.(i) Certification that the community has a multi-year capital  improvement program, updated annually, which includes listings of specific  capital projects and specifies all sources of funds for each project, and  which is based on economic analysis of the costs and benefits of each  project and an analysis of the implications of each project for operating,  maintenance and repair costs, and shows each year what past projects have  been completed, which are pending, and which have been dropped from the capital  plan.    (Source: P.A. 88-453.)
30 ILCS 750/8-6
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 8

 (from Ch. 127, par. 2708-6)Sec. 8-6.         Business Development Public Infrastructure Loan and Grant  Conditions.  Business Development Public Infrastructure loans and grants  awarded by the Department are subject to the following conditions:(a) Financial assistance through the loans or grants must be used for public  infrastructure capital improvement projects.(b) On Business Development Public Infrastructure loans, the Department  shall determine the interest rate, if any, which the loans shall bear.  The  Department shall set the terms and conditions for repayment of the loans.  The  repayment period of loans shall not exceed 20 years.(c) Repayments of principal and interest on loans  made and any funds collected because of a default or failure  to comply with the terms or conditions of a loan under this  program shall be paid into the Public Infrastructure Construction  Loan Revolving Fund.(d) The Department may take whatever actions are  necessary or appropriate to protect the State's interest in  the event of default, foreclosure or noncompliance with the  terms and conditions of the loans or grants provided under  this Article, including the power to sell, dispose, lease or rent,  upon terms and conditions deemed to be appropriate by the  Department, real or personal property which the Department  may receive as a result thereof.    (Source: P.A. 88-453.)
30 ILCS 750/8-7
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 8

 (from Ch. 127, par. 2708-7)Sec. 8-7.         Public Infrastructure Construction  Loan Revolving Fund.  (a) There is hereby created within the  State Treasury the Public Infrastructure Construction Loan  Revolving Fund ("Fund").  The Department shall have the  authority to make expenditures from the Fund, pursuant to  appropriations in furtherance of the purposes of this Article.  The State Treasurer shall be custodian of the Fund and may  invest such funds in securities constituting direct obligations  of the United States Government, or in obligations the  principal of and interest on which are guaranteed by the  United States Government, or in certificates of deposit of  any State or national bank which are fully secured by obligations  guaranteed as to principal and interest by the United  States Government.(b) There shall be deposited in the Fund such  amounts, including but not limited to:(i) All receipts, including principal and interest  payments and royalties, from any loan agreement made from the  Fund or pursuant to this Article entered into by the Department;(ii) All proceeds of assets of whatever nature  received by the Department as a result of default or delinquency  with respect to loan agreements made from the Fund or  from direct appropriations by the General Assembly, including  proceeds from the sale, disposal, lease or rental of real or  personal property which the Department may receive as a  result thereof;(iii) Any appropriations, grants or gifts made to  the Fund;(iv) Any income received from interest on investments  of moneys in the Fund.    (Source: P.A. 84-109.)
30 ILCS 750/8-8
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 8

 (from Ch. 127, par. 2708-8)Sec. 8-8.     Confidentiality.     Any documentary  materials or data made or received by any member, agent, or  employee of the Department, to the extent that such material  or data consist of trade secrets, or commercial or financial  information regarding the operation of any business conducted  by a beneficiary or recipient of any form of assistance which  the Department is empowered to render under this Article, or  regarding the competitive position of such business in a  particular field of endeavor, shall be deemed to be confidential  and shall not be deemed public records; provided that  information relating to the ownership of such recipient or  beneficiary shall not be exempt under this Section from  public disclosure requirements.    (Source: P.A. 84-109.)
30 ILCS 750/8-9
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 8

 (from Ch. 127, par. 2708-9)Sec. 8-9.     Federal Programs.     The Department is  authorized to accept and expend federal monies pursuant to this Article  except that the terms and conditions hereunder which are  inconsistent with or prohibited by the federal authorization  under which such monies are made available shall not apply  with respect to the expenditures of such monies.    (Source: P.A. 84-109.)
30 ILCS 750/8-11
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 8

Sec. 8-11.         Application Procedures for Affordable Financing of Public  Infrastructure Loans and Grants.  Application  for funds shall be made in the form and manner as the Department  shall prescribe.  Each application shall address, at a  minimum, the following criteria:(a) The essential need, which must be clearly documented, for the public  infrastructure financing in order to secure a health, safety or economic  development project within the community.(b) The applicant's financing capability and its ability to pay for, or  secure the payment of, part or all of the proposed public infrastructure  improvements, and the local government's tax effort, as shown by local tax  rates relative to other local governments of the same type in the State.(c) Local financing mechanisms available to help  pay for the costs of the public infrastructure project,  including, but not limited to, local revenue bonds, special  service area tax proceeds, local user charges, or applicable  federal loans or grants.(d) The proposed public infrastructure improvements,  which shall be described in detail and which shall  include a showing of their relationship to existing public  property and capital improvement plans, as well as the  pending health, safety or economic development project.(e) Certification that the project is a health, safety or economic  development project as defined in this Article.(f) (Blank).    (Source: P.A. 88-453; 89-262, eff. 8-10-95.)
30 ILCS 750/8-12
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 8

(30 ILCS 750/8-12)Sec. 8-12.         Affordable Financing of Public Infrastructure Loan and Grant  Conditions.  Affordable Financing of Public  Infrastructure loans and grants awarded by the Department are  subject to the following conditions:(a) Financial assistance through the loans or  grants must be used for the purposes specified in Section 8-10.(b) On Affordable Financing of Public Infrastructure loans, the Department  shall determine the interest rate, if any, that the loans  shall bear.  The Department shall set the terms and conditions  for repayment of the loans.  The repayment period of loans  shall not exceed 20 years.(c) Repayments of principal and interest on loans  made and any funds collected because of a default or failure  to comply with the terms or conditions of a loan under this  program shall be paid into the Public Infrastructure Construction  Loan Revolving Fund.(d) The Department may take whatever actions are  necessary or appropriate to protect the State's interest in  the event of default, foreclosure or noncompliance with the  terms and conditions of the loans or grants provided under  this Article, including the power to sell, dispose, lease or rent,  upon terms and conditions deemed to be appropriate by the  Department, real or personal property that the Department  may receive as a result thereof.    (Source: P.A. 88-453.)
30 ILCS 750/Art. 9 heading
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 9

 Article 9
30 ILCS 750/9-1
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 9

 (from Ch. 127, par. 2709-1)Sec. 9-1.         This Article shall be known and may  be cited as the "Small Business Development Act".    (Source: P.A. 84-109.)
30 ILCS 750/9-4
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 9

 (from Ch. 127, par. 2709-4)Sec. 9-4. Intermediary agreements and loans. Any loan made pursuant to this  Article shall:(a) Be made only if a participating lender or other     investor also provides a portion of the financing with respect to the project.  The participating lender's or other investor's risk assumption may be in the form of a loan, letter of credit, guarantee, loan participation, bond purchase, or any other form approved by the Department;(b) Finance no more than the lesser of 25% of the     total amount of any single project, or $2,000,000 for any single project, unless such limitations are waived by the Director, upon a finding that such waiver is appropriate to accomplish the purposes of this Article;(c) Be made only if the Department determines, on the     basis of all information available to it, that the project would not be undertaken unless the loan is provided;(d) Be protected by security which may include, as     available, first or second mortgage positions on real or personal property, royalty payments on sales of products or services, or any other security satisfactory to the Department to secure payment of the loan agreement. Personal notes or guarantees may be required from persons owning more than 20 percent of the small business;(e) Be in such amount and form and contain such terms     and provisions with respect to property insurance, repairs, alterations, 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;(f) Be made to a business approved by the Department     as responsible and creditworthy;(g) Be reviewed by the credit review committee     established by the Department pursuant to this Article;(h) Be made only after the Department has made a     determination that the loan agreement will cause a project to be undertaken which has the potential to create or retain substantial employment or to modernize or improve the competitiveness of the firm in relation to the amount of the loan;(i) Be made with businesses that have certified the     project is a new plant start-up, modernization,  or expansion or a new venture opportunity and is not relocation of an existing business from another site within the State unless that relocation results in substantial employment growth. (Source: P.A. 100-377, eff. 8-25-17.)
30 ILCS 750/9-4.1
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 750/ - Build Illinois Act.|Article 9

 (from Ch. 127, par. 2709-4.1)Sec. 9-4.1. Applications for  loans.  All applications for loans to small  businesses shall be submitted to the Department on forms and  subject to filing fees prescribed by the Department.  The  Department shall conduct such investigation and obtain such  information concerning the application as it considers  necessary and diligent.  Complete applications received by  the Department shall be forwarded to a credit review committee  consisting of persons experienced in business financing, and  the Director of the  Governor's Office of Management and Budget or his designee, for  a review and report concerning the advisability of approving  the proposed loan.  The review and report shall include 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 qualifications, and any other facts  deemed material to the financing request.  The report shall include  a reasoned opinion as to whether providing the financing  would tend to fulfill the purposes of the Article.  The report  shall be advisory in nature only.  The credit review committee  shall be of such composition, act for such time, and  have such powers as shall be specified by the Department.After consideration of such report and after such  other action as is deemed 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 by the Department loan agreement provisions.  The business applicant shall be promptly notified of  such action by the Department.       (Source: P.A. 94-793, eff. 5-19-06.)