Illinois Administrative Code › Title 14 - COMMERCE › Part 524 - RIVER EDGE REDEVELOPMENT ZONE PROGRAM › Subpart A - RIVER EDGE REDEVELOPMENT ZONES IN ILLINOIS › Section 524.20 - Definitions

Current through Register Vol. 48, No. 28, July 12, 2024
Act - The River Edge Redevelopment Zone Act [65 ILCS 115
				  /Art. 10] that creates the River Edge Redevelopment Program.
Agency - Each officer, board, commission, and agency created
				  by the Constitution, in the executive branch of State government, other than
				  the State Board of Elections; each officer, department, board, commission,
				  agency, institution, authority, university, and body politic and corporate of
				  the State; each administrative unit or corporate outgrowth of the State
				  government that is created by or pursuant to statute, other than units of local
				  government and their officers, school districts, and board of election
				  commissioners; and each administrative unit or corporate outgrowth of these
				  entities and as may be created by executive order of the Governor. No entity is
				  an "agency" for the purposes of the Act unless the entity is authorized by law
				  to make rules or regulations.
Application - A request for program funds, including the
				  required information and attachments.
"Blue Collar Jobs Act" means the Act created by Article 20 of
				  P.A. 101-9 (portions related to this Part codified at
				  65 ILCS 115/10-3, 10
				  -6, 10-10.3 and 10-10.4) that creates the Enterprise Zone construction jobs
				  credit, the High Impact Business construction jobs credit, the River Edge
				  construction jobs credit, and the New Construction EDGE credit.
Bondable Capital Improvements - As defined in 71 Ill. Adm.
				  Code 50 and undertaken by a business organization, not-for-profit corporation
				  or local government.
Business Organization - Any for-profit business entity, or
				  association of business entities, duly authorized to conduct business in the
				  State of Illinois.
Department - The Illinois Department of Commerce and Economic
				  Opportunity.
Designated Zone Organization - An association or
				  entity:
The members of which are substantially all residents of the
				  River Edge Redevelopment Zone;
The Board of Directors of which is elected by the members of
				  the organization;
That satisfies the criteria set forth in section 501(c)(3) or
				  501(c)(4) of the Internal Revenue Code (26 USC
				  501(c)(3) or (4)) ;
				  and
That exists primarily for the purpose of performing within
				  the area or
Zone for the benefit of the residents and businesses in the
				  area or Zone any of the functions set forth in Section 8 of the Act
				  [65 ILCS
				  115/10-8 ].
Grant - Funds that require no repayment to be used by a
				  qualified applicant.
Incremental Income Tax - The total amount withheld during the
				  taxable year from the compensation of River Edge Construction Jobs
				  Employees.
Local Government - Any unit of local government as defined in
				  Article VII, Section 1 of the 1970 Illinois Constitution.
Minority Person, Woman, and Person with a Disability - Have
				  the meanings set forth under Section 2 of the Business Enterprise for
				  Minorities, Women and Persons with Disabilities Act [30
				  ILCS 575/2 ].
Not-for-Profit Corporation - A corporation incorporated
				  pursuant to the General Not For Profit Corporation Act of 1986 [805 ILCS 105 ]
				  and in good standing with the Illinois Secretary of State.
Program - River Edge Redevelopment Grant Program.
Qualified Applicants - Local governments, not-for-profit
				  corporations, and business organizations.
Redevelopment Project - An endeavor undertaken, during a
				  specified time period, to improve cleared or undeveloped land, including, but
				  not limited to, erection of buildings and other facilities by public or private
				  entities, and site improvements installed by a local government in order to
				  prepare the land for disposition to developers.
Recipient - Any eligible applicant receiving funds under this
				  program.
River Edge Construction Jobs Credit - An amount equal
				  to 50% of the incremental income tax attributable to River Edge construction
				  employees employed on a River Edge construction jobs project. However, the
				  amount may equal 75% of the incremental income tax attributable to River Edge
				  construction employees employed on a River Edge construction jobs project
				  located in an underserved area. The total aggregate amount of credits awarded
				  under the Blue Collar Jobs Act
(Article 20 of P.A. 101-9 (portions
				  related to this Part codified at
				  65 ILCS 115/10-3, 10
				  -10.3 and 10-10.4))
shall not exceed $20,000,000 in any State fiscal
				  year.
[65 ILCS 115/10-3
				  ]
River Edge Construction Jobs Employee - A laborer or
				  worker who is employed by an Illinois contractor or subcontractor in the actual
				  construction work on the site of a River Edge construction jobs
				  project.
[65 ILCS 115/10-3
				  ]
River Edge Construction Jobs Project - Building a
				  structure or building, or making improvements of any kind to real property, in
				  a River Edge Redevelopment Zone that is built or improved in the course of
				  completing a qualified rehabilitation plan. "River Edge construction jobs
				  project" does not include the routine operation, routine repair, or routine
				  maintenance of existing structures, buildings, or real property.
[65 ILCS 115/10-3
				  ]
River Edge Redevelopment Zone or Zone - An area of the State
				  certified by the Department as a River Edge Redevelopment Zone, pursuant to the
				  Act.
Rule - Each agency statement of general applicability that
				  implements, applies, interprets, or prescribes law or policy, but does not
				  include statements concerning only the internal management of an agency and not
				  affecting rights or procedures available to persons or entities outside the
				  agency; intra-agency memoranda; or the prescription of standardized
				  forms.
Veteran - An Illinois resident who is a veteran as defined in
				  10 USC
				  1491(h).