reglab/statecodes huggingface dataset:
Illinois Administrative Code › Title 14 - COMMERCE › Part 640 - RURAL DIVERSIFICATION ACT PROGRAM › Subpart A - RURAL DIVERSIFICATION LOAN PROGRAM › Section 640.130 - Applicant Certifications

Current through Register Vol. 48, No. 28, July 12, 2024
Each loan applicant for program financing will be required to
				  satisfy the following certifications:
a) Farmland Preservation (if applicable) -
				Certification that the proposed project is compatible with established State
				policy regarding farmland preservation pursuant to the Farmland Preservation
				Act (Ill. Rev. Stat. 1989, ch. 5, pars. 1301 et seq.).
b) Floodplain - Certification that the
				proposed project will comply with the Flood Disaster Protection Act of 1973 (
				42 U.S.C.
				4001 et seq. (1984)) and Executive Order
				79-4, effective June 1, 1979, which requires special environmental procedures
				if any activities will be carried out in a flood hazard area.
c) Nondiscrimination - Certification that the
				recipient shall comply with all applicable laws and regulations which prohibit
				discrimination on the basis of race, sex, religion, national origin, age or
				handicaps, including but not limited to the Illinois Human Rights Act (Ill.
				Rev. Stat. 1989, ch. 68, pars. 1-101 et seq.).
d) Student Loan - Where the recipient is an
				individual, the recipient certifies that he/she is not in default on an
				educational loan as provided in Section 3 of the Educational Loans Act (Ill.
				Rev. Stat. 1989, ch. 127, par. 3553).
e) Historic Preservation - Recipient
				certifies that this project does not involve the destruction, alteration,
				renovation, transfer or sale, or utilization, of an historic property,
				structure or structures, or the introduction of visual, audible or atmospheric
				elements to an historic property, structure or structures, and will, therefore,
				not result in any changes in the character or use of any historic property, in
				accordance with the State Agency Historic Resources Preservation Act (Ill. Rev.
				Stat. 1989, ch 127, pars. 133c21 et seq.).
f) Bribery Certification - That neither the
				applicant nor the applicant's employees have been convicted of bribery or
				attempting to bribe an officer or employee of the State of Illinois nor has
				there been an admission of guilt of such conduct which is a matter of public
				record pursuant to Section 10.1 of the Illinois Purchasing Act (Ill. Rev. Stat.
				1989, ch. 127, par.
				132.10 1).
g) Interest of Public Officials - Recipient
				certifies that it is in compliance with the provisions of Section 11.4 of the
				Illinois Purchasing Act prohibiting conflict of interest (Ill. Rev. Stat.,
				1989, ch. 127, pars. 132.11 -4).
h)
				Bidding on State Contracts - Applicant certifies that it has not been barred
				from bidding on or entering into State contracts as a result of a violation of
				the Criminal Code of 1961 (Ill. Rev. Stat. 1989, ch. 38, pars. 33E-3 and
				33E-4).
Illinois Administrative Code › Title 14 - COMMERCE › Part 640 - RURAL DIVERSIFICATION ACT PROGRAM › Subpart A - RURAL DIVERSIFICATION LOAN PROGRAM › Section 640.140 - Loan Terms

Current through Register Vol. 48, No. 28, July 12, 2024
a) Financing
				shall be made available to the borrower in periodic allotments as determined by
				the fund balance position of appropriated funds available to the Department for
				this program in comparison to the cash needs of all recipients.
b) Financing awarded by the Department is
				subject to the following conditions:
1) The
				repayment period shall not exceed 10 years (Section 7(b) of the Act);
2) Financial assistance for any one project
				shall not exceed $200,000 (Section 7(c) of the Act).
Illinois Administrative Code › Title 14 - COMMERCE › Part 640 - RURAL DIVERSIFICATION ACT PROGRAM › Subpart A - RURAL DIVERSIFICATION LOAN PROGRAM › Section 640.150 - Loan Agreement

Current through Register Vol. 48, No. 28, July 12, 2024
A loan agreement will be developed for each business borrower
				  that receives loan funds. The loan agreement will contain, at a minimum, the
				  following items:
a) Definition Section
				- Defining the key terms used in the agreement.
b) Loan Conditions - Including statements
				relating to representations and warranties, evidence of other financing, note,
				collateral, corporate or partnership document, and legal matters.
c) Borrower Representations and Warranties -
				Concerning form of ownership, authorization of agreement, binding effect,
				accuracy of application, collateral, accuracy of financial statements, absence
				of loan defaults, absence of litigation, absence of tax delinquencies, and
				possession of appropriate licenses and permits.
d) Covenants and Continuing Agreements - To
				expend public funds in accordance with approved budget, keep detailed project
				records, furnish proof that its corporate or partnership existence is in full
				effect, pay all applicable taxes and required insurance, prohibit loans to
				officers/directors/stockholders, and comply with all applicable state and
				federal laws.
e) Default Provisions
				- Listing the conditions under which the borrower would be in default of the
				agreement.
f) Use of Loan Proceeds
				- Briefly describing the business project for which the loan is being made and
				the exact use of loan funds.
g)
				Financing of Borrower - Information on primary lender, the amount of the
				lender's loan, terms of this loan, etc., as well as information and schedule of
				expected payout of the Department's loan commitment to the borrower.
h) Labor Compliance Requirements - As
				appropriate, including equal opportunity employment, minimum wage, and other
				state or federal labor standards.
i) Other - Such other terms and conditions
				necessary to secure or document the loan, including, but not limited to: key
				man life insurance, liens, and Uniform Commercial Code (U.C.C.) (Ill. Rev.
				Stat. 1989, ch. 26, pars. 1-101 et seq.) filings.
Illinois Administrative Code › Title 14 - COMMERCE › Part 640 - RURAL DIVERSIFICATION ACT PROGRAM › Subpart A - RURAL DIVERSIFICATION LOAN PROGRAM › Section 640.160 - Loan Security

Current through Register Vol. 48, No. 28, July 12, 2024
Financial assistance shall be secured by first, second, or
				  third 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. Security for Department loans shall include but is not limited to
				  any or all of the following:
a) First
				or second lien security interest in favor of the Department on all personal
				property of the borrower.
b) First
				or second position real estate mortgage in favor of the Department on real
				estate of the borrower.
c) Personal
				guarantees and/or corporate guarantees in the amount of the loan.
d) Irrevocable letter of credit.
e) First or second security interest in
				negotiable securities of the borrower or business principle owners.
Illinois Administrative Code › Title 14 - COMMERCE › Part 640 - RURAL DIVERSIFICATION ACT PROGRAM › Subpart A - RURAL DIVERSIFICATION LOAN PROGRAM › Section 640.170 - Maintenance and Insurance of Property

Current through Register Vol. 48, No. 28, July 12, 2024
a) The recipient shall at all times maintain
				the property provided as security for the loan in such condition and repair as
				a reasonably prudent person would who held title to the property.
b) The recipients shall maintain, during the
				term of the loan, fire and hazard insurance policies, covering the amount of
				the loan with a loss payee clause in favor of the Department.
c) The recipient shall, if at any time during
				the life of the loan the recipient's property is declared to be within a flood
				hazard area, purchase federal flood insurance if available, and in an amount
				equal to the amount of the loan.
d)
				The recipient shall maintain liability and workers' compensation
				insurance.
e) The recipient shall
				provide written notice to the Department of any public hearing or meeting
				before any administrative or other public agency which may, in any manner,
				affect the personal property or real estate securing the loan.
Illinois Administrative Code › Title 14 - COMMERCE › Part 640 - RURAL DIVERSIFICATION ACT PROGRAM › Subpart A - RURAL DIVERSIFICATION LOAN PROGRAM › Section 640.180 - Administrative Requirements

Current through Register Vol. 48, No. 28, July 12, 2024
a)
				Financial Management - The loan recipient's financial management system shall
				be structured under the Accounting Standards of the Financial Accounting
				Standards Board of the American Institute of Certified Public Accountants
				(AICPA) (September 19, 1987) to maintain control and accountability over the
				loan funds. The AICPA is located at 1211 Avenue of the Americas, New York, New
				York 10036-8775.
b) Reporting - The
				loan recipient shall provide, at least annually, information and reports on
				project impact, job creation/retention, and company financial
				statements.
c) Department
				Monitoring and Evaluation - Loan recipients shall permit any agent authorized
				by the Department, upon presentation of credentials, to have full access to and
				the right to:
1) inspect, examine or audit
				any documents, papers, and records involving transactions related to a loan
				from the Department, including making copies thereof, and
2) inspect or appraise any of the loan
				recipient's business assets.
Illinois Administrative Code › Title 14 - COMMERCE › Part 640 - RURAL DIVERSIFICATION ACT PROGRAM › Subpart A - RURAL DIVERSIFICATION LOAN PROGRAM › Section 640.190 - Audits

Current through Register Vol. 48, No. 28, July 12, 2024
a) It shall be the
				loan recipient's responsibility to secure any compliance audit of the use of
				loan proceeds. Such audit must be performed by an independent certified public
				accountant, licensed by authority of the State of Illinois pursuant to the
				Illinois Public Accounting Act (Ill. Rev. Stat. 1989, ch. 111, pars. 5500 et
				seq.). The audit shall be conducted in accordance with generally accepted
				auditing standards adopted by the AICPA (1989).
b) The Department reserves the right to
				conduct special audits of funds expended under Department loans, at any time
				during normal working hours.
Illinois Administrative Code › Title 14 - COMMERCE › Part 640 - RURAL DIVERSIFICATION ACT PROGRAM › Subpart B - RURAL DIVERSIFICATION GRANT PROGRAM › Section 640.210 - Purpose of Grant Program

Current through Register Vol. 48, No. 28, July 12, 2024
Through the Rural Diversification Grant Program, the
				  Department of Commerce and Community Affairs will provide grants to local
				  governments and not-for-profit agencies for the purpose of rural economic
				  diversification.
Illinois Administrative Code › Title 14 - COMMERCE › Part 640 - RURAL DIVERSIFICATION ACT PROGRAM › Subpart B - RURAL DIVERSIFICATION GRANT PROGRAM › Section 640.220 - Definitions

Current through Register Vol. 48, No. 28, July 12, 2024
"Act" - The Rural Diversification Act (Ill. Rev. Stat. 1989,
				  ch. 5, pars. 2251 et seq.) which creates the Rural Diversification
				  Program.
"Application" - A request for program funds, including the
				  required statistical and narrative information and attachments.
"Department" - The Illinois Department of Commerce and
				  Community Affairs.
"Financing" - Grants to or on behalf of local governments or
				  not-for-profit agencies for purposes of rural diversification, except that no
				  grants under this Program shall be made directly with a rural business.
"Program" - The Rural Diversification Grant Program.
"Recipient" - Any eligible applicant receiving funds under
				  this program.
Illinois Administrative Code › Title 14 - COMMERCE › Part 640 - RURAL DIVERSIFICATION ACT PROGRAM › Subpart B - RURAL DIVERSIFICATION GRANT PROGRAM › Section 640.230 - Eligible Applicants

Current through Register Vol. 48, No. 28, July 12, 2024
Applications shall be accepted from the chief elected
				  official of cities, villages, towns, counties, college districts and from
				  officials of not-for- profit agencies including regional planning and
				  development commissions, economic development organizations, or community based
				  organizations which are located in or serve any incorporated area (including
				  contiguous cities, towns or villages combined) of 50,000 population or less or
				  any unincorporated area, of a non urban county with a population of less than
				  350,000.
Illinois Administrative Code › Title 14 - COMMERCE › Part 640 - RURAL DIVERSIFICATION ACT PROGRAM › Subpart B - RURAL DIVERSIFICATION GRANT PROGRAM › Section 640.240 - Eligible Program Activities

Current through Register Vol. 48, No. 28, July 12, 2024
a)
				The Department may provide financing to or on behalf of an eligible applicant
				in the State for the purpose of industry or region wide research directed to
				profit oriented uses of rural resources (Section 3(d)(iii) of the Act)
				including:
1) Region-wide research, such as
				feasibility studies, opportunity analyses, reuse studies, needs assessments,
				cost/benefit analyses or other studies required by a rural community in order
				to explore its options for economic development or diversification.
2) Business and industry research and reports
				such as market analyses, production analyses, customer surveys, feasibility
				studies, and related research to explore, identify or create new markets for
				actual or potential rural businesses.
Illinois Administrative Code › Title 14 - COMMERCE › Part 640 - RURAL DIVERSIFICATION ACT PROGRAM › Subpart B - RURAL DIVERSIFICATION GRANT PROGRAM › Section 640.250 - Eligible Program Costs

Current through Register Vol. 48, No. 28, July 12, 2024
Project costs which shall be eligible for reimbursement with
				  Grant proceeds include contractual services, consultant fees, commodities,
				  materials and supplies, travel and other project-related direct expenses
				  necessitated by the project.
Illinois Administrative Code › Title 14 - COMMERCE › Part 640 - RURAL DIVERSIFICATION ACT PROGRAM › Subpart B - RURAL DIVERSIFICATION GRANT PROGRAM › Section 640.260 - Fund Availability and Submission Deadlines

Current through Register Vol. 48, No. 28, July 12, 2024
a) Upon request, the Department will supply
				applicants with an application package. Public notice of the availability of
				funding and the application due dates will be published in the State-recognized
				newspaper.
b) Applications for
				funding under the Rural Diversification Grant Program will be made available at
				least quarterly on a schedule determined by the Department and published in the
				State-recognized newspaper. Applications received after 5:00 p.m. on the
				appropriate submission date will be held for consideration during the next
				review cycle. Final award announcements will be made within forty-five (45)
				working days of the application deadline.
Illinois Administrative Code › Title 14 - COMMERCE › Part 640 - RURAL DIVERSIFICATION ACT PROGRAM › Subpart B - RURAL DIVERSIFICATION GRANT PROGRAM › Section 640.270 - Grant Application Package

Current through Register Vol. 48, No. 28, July 12, 2024
Applications for grants must include the following
				  documentation:
a) Project Summary - a
				brief statement and description of the project for which funds are being
				sought.
b) Evidence of Need - a
				description of the conditions of the community requiring study or action such
				as absence of opportunities, over-reliance on limited industries, history of
				low wages or high unemployment, or level of knowledge or education.
c) Background of Applicant - a brief
				discussion of the applicant's organization, purpose, history and capabilities
				to carry out the proposed project.
d) Project Description - a description of the
				proposed research or technical assistance project for which the grant would be
				used, including a project work statement detailing project objectives, work
				activities and deadlines as well as identification of the individual(s) or
				group(s) responsible for carrying out the project.
e) Project Results - identification of the
				anticipated results of the proposed project in terms such as rural or
				agricultural diversification, potential for creation or retention of jobs, or
				number of communities to be served.
f) Follow-up Work and Timelines - a
				description of the expected follow-up work of the organization to continue the
				work begun by the project.
g)
				Project Management - identification and information on the staff and/or
				consultants to be involved in the proposed project, including qualifications,
				functional responsibilities, percent of time and related information.
h) Financial Statements - if necessary,
				financial statements of the applicant.
i) Coordination - description of any
				cooperative working relationships which are or will be developed with other
				organizations involved in similar or related activities, and the relationship
				of the project to existing local, regional or state economic development
				plans.
j) Related Activities or
				Assistance Sought - information concerning project-related activities
				undertaken within the last two years, and information concerning any other
				public financing applied for or received.
k) Budget - a project budget by cost
				categories, including quarterly projections of fund requirements, as required
				in the Department's application package.
Illinois Administrative Code › Title 14 - COMMERCE › Part 640 - RURAL DIVERSIFICATION ACT PROGRAM › Subpart B - RURAL DIVERSIFICATION GRANT PROGRAM › Section 640.280 - Review of Grant Applications

Current through Register Vol. 48, No. 28, July 12, 2024
a)
				Application Screening - The Department shall screen all grant applications to
				determine that all elements of the application package have been addressed.
				Applicants will be notified of deficiencies in applications and given the
				opportunity to correct such deficiencies through resubmission during the next
				cycle of funding. Complete applications will be reviewed and evaluated by
				Department staff in accordance with the criteria listed in subsections (b)
				through (h) of this Section. This review and evaluation process will be
				completed within forty-five (45) working days of the due date for
				applications.
b) Basic Eligibility
				Evaluation - Each grant application will be reviewed to assure compliance with
				the eligibility requirements as detailed below:
1) Eligible Applicant - Eligible applicant as
				detailed in Section
				640.230.
2) Eligible Project Type - Project activities
				consistent with the eligible activities of a Rural Diversification Project as
				detailed in Section
				640.240.
Illinois Administrative Code › Title 14 - COMMERCE › Part 640 - RURAL DIVERSIFICATION ACT PROGRAM › Subpart B - RURAL DIVERSIFICATION GRANT PROGRAM › Section 640.290 - Rural Diversification Review Committee

Current through Register Vol. 48, No. 28, July 12, 2024
a) There is created an internal review
				committee with the Director of the Rural Affairs Council, or his designee, the
				Director of the Department of Agriculture, or his designee, and the Director of
				the Illinois Farm Development Authority, or his designee and other members as
				deemed necessary by the Director of the Department to assist in the review of
				all project applications (Section 5(c) of the Act).
b) Within 10 working days of the application
				due date, the "Internal Review committee" shall meet to review all project
				applications. The committee will identify applications for grant consideration
				based upon analysis of the applicant organization, the project design and the
				project's readiness in accordance with the requirements of subsections (c)
				through (e) of this Section.
c)
				Project Implementation Readiness - The applicant must demonstrate project
				readiness, including:
1) a time schedule for
				immediate project initiation;
2)
				written cost estimates which support project costs; and
3) scope of activities which can be conducted
				within the grant agreement time period.
Illinois Administrative Code › Title 14 - COMMERCE › Part 640 - RURAL DIVERSIFICATION ACT PROGRAM › Subpart B - RURAL DIVERSIFICATION GRANT PROGRAM › Section 640.300 - Selection for Financing

Current through Register Vol. 48, No. 28, July 12, 2024
Applications that meet the criteria of Sections
				  640.280
				  and
				  640.290
				  will be funded until all available grant financing is expended. The amount of
				  grant financing made available by the Department will be based on the extent to
				  which the application provides evidence of economic benefit to the community
				  including:
a) the degree to which the
				proposed project ameliorates the problems or needs identified within the
				area;
b) the extent to which the
				project addresses substate regional, rather than individual, community
				concerns;
c) the innovativeness and
				replicability of the proposed projects in relation to approaches used in the
				past; and
d) the residual economic
				benefit to the community, such as jobs created or retained, increase tax base
				or revenues, added community wealth or similar benefits.
Illinois Administrative Code › Title 14 - COMMERCE › Part 640 - RURAL DIVERSIFICATION ACT PROGRAM › Subpart B - RURAL DIVERSIFICATION GRANT PROGRAM › Section 640.310 - Grant Limitations

Current through Register Vol. 48, No. 28, July 12, 2024
a) The
				Department shall approve Grants in amounts necessary to pay up to 25 percent of
				eligible costs as defined in Section
				640.250,
				incurred by or on behalf of an eligible entity up to a maximum of $200,000,
				unless the Director waives the percent share or maximum amount in accordance
				with Section
				640.320.
b) In calculating the Department's share of
				costs, total financing for the project shall include cash amounts or other
				contributions of in-kind goods or services provided by the applicant, derived
				from any source, and used on the project's eligible expenses, and included as a
				part of the grant agreement budget. Funds derived from other departmental
				programs will be considered as matching funds if they are:
1) verifiable from the applicant's records,
				and
2) utilized or expended after
				the Department commitment during the period of the project, and
3) clearly identified in the project's scope
				of work and related to the accomplishment of the project objective.
Illinois Administrative Code › Title 14 - COMMERCE › Part 640 - RURAL DIVERSIFICATION ACT PROGRAM › Subpart B - RURAL DIVERSIFICATION GRANT PROGRAM › Section 640.320 - Waivers

Current through Register Vol. 48, No. 28, July 12, 2024
In accordance with Section 7(c) of the Act, a waiver of
				  limitations on the percentage of leverage in accordance with Section
				  640.310 of this
				  Part shall be allowable when it is determined that these funding limitations
				  would prohibit an otherwise approved project, and subsequent rural
				  diversification, including job creation or retention, from occurring if the
				  application demonstrates severe need, including but not limited to:
a) The area to be served is a distressed
				community or county with an average unemployment rate for the last two years
				which is 25 percent higher than the State average, or a per capita income which
				is less than the State average;
b)
				Area with limited economic development potential as evidenced by absence of
				development activities within the last two years or as evidenced by new job
				growth rate less than the State or national average;
c) Funding would support a project which has
				provided assurance that it will generate business growth and job creation in
				the community as a result;
d)
				Funding is needed to avert loss of a major employment source (more than 100
				jobs or 2 percent of the local base) in the community;
e) The project is designed to benefit
				multiple rural jurisdictions across the State; or
f) The project is a model project, new
				program innovation or demonstration effort with the potential for replicability
				within numerous regions or areas of the State.
Illinois Administrative Code › Title 14 - COMMERCE › Part 640 - RURAL DIVERSIFICATION ACT PROGRAM › Subpart B - RURAL DIVERSIFICATION GRANT PROGRAM › Section 640.330 - Applicant Certifications

Current through Register Vol. 48, No. 28, July 12, 2024
Each applicant for program financing will be required to
				  satisfy the following certifications, when applicable:
a) Farmland Preservation (if applicable) -
				certification that the proposed project is compatible with established State
				policy regarding farmland preservation pursuant to the Farmland Preservation
				Act.
b) Floodplain - certification
				that the proposed project will comply with the Flood Disaster Protection Act of
				1973 (
				42 U.S.C.
				4001 et seq. (1984)) and Executive Order
				79-4, effective June 1, 1979, which requires special environmental procedures
				if any activities will be carried out in a flood hazard area.
c) Nondiscrimination - Certification that the
				recipient shall comply with all applicable laws and regulations which prohibit
				discrimination on the basis of race, sex, religion, national origin, age or
				handicaps, including but not limited to the Illinois Human Rights Act, and the
				Equal Employment Opportunity Clause promulgated pursuant thereto.
d) Historic Preservation - Recipient
				certifies that this project does not involve the destruction, alteration,
				renovation, transfer or sale, or utilization, of an historic property,
				structure or structures, or the introduction of visual, audible or atmospheric
				elements to an historic property, structure or structures, and will, therefore,
				not result in any changes in the character or use of any historic property in
				accordance with the State Agency Historic Resources Preservation Act.
e) Bribery Certification - That neither the
				applicant nor the applicant's employees have been convicted of bribery or
				attempting to bribe an officer or employee of the State of Illinois nor has
				there been an admission of guilt of such conduct which is a matter of public
				record pursuant to Section 10.1 of the Illinois Purchasing Act.
f) Interest of Public Officials - Recipient
				certifies that it is in compliance with the provisions of Section 11.4 of the
				Illinois Purchasing Act prohibiting conflict of interest.
g) Bidding on State Contracts - Applicant
				certifies that it has not been barred from bidding on or entering into State
				contracts as a result of a violation of the Criminal Code of 1961 (Ill. Rev.
				Stat. 1989, ch. 38, par. 1-1 et seq.).
Illinois Administrative Code › Title 14 - COMMERCE › Part 640 - RURAL DIVERSIFICATION ACT PROGRAM › Subpart B - RURAL DIVERSIFICATION GRANT PROGRAM › Section 640.350 - Modification, Breach and Termination of Grants

Current through Register Vol. 48, No. 28, July 12, 2024
a) Modification and Amendment of the Grant -
				The grant award is subject to revision as follows:
1) Modifications by Operation of Law - The
				grant award is subject to such modifications as may be required by changes in
				State law or regulations. Any such required modification shall be incorporated
				into and made a part of the grant as within the provisions of the Illinois
				Grant Funds Recovery Act (Ill. Rev. Stat. 1989, ch. 127, pars. 2301 et seq.).
				The Department shall notify the recipient in writing of any amendment to such
				regulations and the effective date.
2) Modifications in Budget - A recipient's
				request for budget variations in the amount or line item costs shall be in
				writing by registered letter and shall give justifications for the requested
				variations. The Department may approve modification requests, if, the
				Department determines such is necessary to achieve program objectives. Any
				changes in cost categories or line items shall not alter the activities or
				deliverables for the project. If the Department approves the modification
				request, the recipient will be notified in writing of the change and the
				effective date of the change.
3)
				Other Modifications by Department or Recipient - If either the Department or
				the recipient requests to modify the terms of the grant award other than as set
				forth in subsections (a)(1) and (2) above, written notice of the proposed
				modification shall be given to the other party. No modification shall take
				effect unless agreed to in writing by both the Department and the
				recipient.
Illinois Administrative Code › Title 14 - COMMERCE › Part 645 - GROCERY STORE INITIATIVE GRANT PROGRAM › Section 645.10 - Purpose

Current through Register Vol. 48, No. 28, July 12, 2024
The Department shall provide grants and other forms of
				financial assistance to eligible applicants for the purpose of expanding access
				to healthy foods in food deserts. Following a Grocery Initiative Study that
				examines food insecurity, examines food deserts, and identifies areas at risk
				of becoming food deserts in Illinois, the Department shall also provide grants
				and other forms of financial assistance to eligible applicants for the purpose
				of expanding access to healthy foods in areas at risk of becoming food
				deserts.
Illinois Administrative Code › Title 14 - COMMERCE › Part 645 - GROCERY STORE INITIATIVE GRANT PROGRAM › Section 645.30 - Eligible Applicants and Projects

Current through Register Vol. 48, No. 28, July 12, 2024
a) An applicant shall own and operate a
			 grocery store, seek to acquire a grocery store, or establish a grocery store.
			 Unless the applicant is a local governmental unit, the grocery store shall be
			 independently owned and locally owned.
b)
The Department may award grants or
			 provide loans
to an applicant establishing a new grocery store in a
			 food desert
for any one or more of the following:
1)
market and site feasibility
			 studies, promotional materials, and marketing;
2)
salaries and benefits for
			 workers;
3)
rent
			 or a down payment to acquire a facility;
4)
purchase of ownership of a grocery
			 store as part of establishing a new grocery store;
5)
capital improvements, planning,
			 renovations, land acquisition, demolition, durable and non-durable equipment
			 purchases; or
6)
other costs as determined eligible by the Department
,
			 including, but not limited to, insurance and utility cost. Costs unrelated to
			 the provision of food, such as acquisition of video poker machines or equipment
			 for lottery sales, are excluded
.
[20 ILCS
			 750/15 ]
Illinois Administrative Code › Title 14 - COMMERCE › Part 650 - CANNABIS SOCIAL EQUITY PROGRAM › Section 650.10 - Purpose

Current through Register Vol. 48, No. 28, July 12, 2024
a) In the interest
			 of establishing a legal cannabis industry that is equitable and accessible to
			 those most adversely impacted by the enforcement of drug-related laws in
			 Illinois, including cannabis-related laws, the General Assembly has found that
			 a social equity program in the cannabis industry should be established to help
			 remedy the harms resulting from the disproportionate enforcement of
			 cannabis-related laws. The Cannabis Social Equity Program authorized by the Act
			 should offer, among other things, financial assistance and License application
			 benefits to individuals most directly and adversely impacted by the enforcement
			 of cannabis-related laws who are interested in starting Cannabis Business
			 Establishments.
b) In furtherance
			 of this purpose, the Department is authorized to:
1) identify geographic areas that have been
			 disproportionately impacted by the enforcement of cannabis-related laws
			 (Disproportionately Impacted Areas);
2) provide financial assistance, loans,
			 grants, and technical assistance to Social Equity Applicants;
3) conduct outreach that may be provided or
			 targeted to attract and support Social Equity Applicants; and
4) assist with job training and technical
			 assistance for Illinois residents in Disproportionately Impacted
			 Areas.
Illinois Administrative Code › Title 14 - COMMERCE › Part 650 - CANNABIS SOCIAL EQUITY PROGRAM › Section 650.20 - Fees

Current through Register Vol. 48, No. 28, July 12, 2024
a) The Department
			 may charge a borrower a closing fee of up to $5,000, which may be paid at
			 closing or, in the case of a term loan, added to the principal balance of the
			 loan.
b) If, during the term of an
			 Agreement, a borrower transfers, sells, or grants its license within 5 years
			 after it was issued to a person or entity that does not qualify as a Social
			 Equity Applicant, the transfer agreement shall require the new license holder
			 to pay the Department a Program closeout fee of up to $10,000 in addition to
			 the balance of the loan or line of credit.
c) If, during the term of an Agreement, a
			 borrower ceases to meet the criteria of a Social Equity Applicant, the
			 Department may accelerate repayment of the balance of the loan or line of
			 credit and require the borrower to pay a Program closeout fee of up to
			 $10,000.
Illinois Administrative Code › Title 14 - COMMERCE › Part 650 - CANNABIS SOCIAL EQUITY PROGRAM › Section 650.25 - Application Cycle

Current through Register Vol. 48, No. 28, July 12, 2024
Applications under the Program will be accepted until allocated
				Program funds are exhausted, subject to the availability of funding as
				determined by the Department. Funding decisions will also be subject to market
				entry or license issuance dates and demand for financial support. The
				Department will supply an application package upon request.
Illinois Administrative Code › Title 14 - COMMERCE › Part 650 - CANNABIS SOCIAL EQUITY PROGRAM › Section 650.40 - Selection for Funding

Current through Register Vol. 48, No. 28, July 12, 2024
a) Applications
			 that best meet the objectives of the Program and demonstrate the greatest
			 potential for benefit to persons and communities directly and adversely
			 impacted by enforcement of cannabis-related laws may be issued conditional
			 commitment letters or approved to participate in the Program. The conditional
			 commitment letters may be provided to and relied upon by DFPR or DOA in scoring
			 applications for licensure under the Act. The conditional commitment letters
			 will indicate that the Business Applicant is eligible for funding under the
			 Program if it is issued a license under the Act. The amount of funding will be
			 expressed as a minimum amount, but the total funding amount will be determined
			 after licenses have been issued.
b)
			 Funding Terms. The amount of funding available to a Business Applicant, the
			 repayment terms, the applicable interest rates, and other terms will be
			 determined after the Business Applicant is verified to be a Qualified Social
			 Equity Applicant.
c) Conditions to
			 Close. To proceed to closing, a Qualified Social Equity Applicant must maintain
			 its eligibility for the loan or line of credit and comply with all pre-closing
			 instructions. The Department will verify that the Business Applicant remains
			 eligible prior to closing, and it may decline issuance of a loan or line of
			 credit if the Business Applicant ceases to be a Social Equity Applicant, if
			 funding from the Department is not necessary due to additional investment in
			 the company post-license issuance, or if the Business Applicant is unable to
			 fulfill all terms of the loan or line of credit agreement.
Illinois Administrative Code › Title 14 - COMMERCE › Part 651 - CANNABIS BUSINESS INCUBATOR AND SPONSORSHIP PROGRAMS › Section 651.10 - Purpose

Current through Register Vol. 48, No. 28, July 12, 2024
This Part identifies the eligibility requirements and process
				for Early Approval Adult Use Dispensing and Cultivation Organization Licensees'
				participation in the Cannabis Business Incubator and Sponsorship
				Programs.
Illinois Administrative Code › Title 14 - COMMERCE › Part 651 - CANNABIS BUSINESS INCUBATOR AND SPONSORSHIP PROGRAMS › Section 651.15 - Definitions

Current through Register Vol. 48, No. 28, July 12, 2024
The following definitions are applicable to the Cannabis
				Business Incubator and Sponsorship Programs:
"Act" means the Cannabis Regulation and Tax Act [410 ILCS 705
				]. Article 15 of the Act authorizes these programs.
"Department" means the Illinois Department of Commerce and
				Economic Opportunity.
"Host" means:
an Early Approval Adult Use Dispensing or Cultivation
				Organization License holder that provides a loan of at least $100,000 and
				provides mentorship to one or more licensees that qualify as Social Equity
				Applicants; or
a Social Equity Applicant intending to seek a license as part
				of a Social Equity Inclusion Plan.
"Incubate" means providing direct financial assistance
				and training necessary to engage in licensed cannabis industry activity similar
				to that of the host licensee.
[410
				ILCS 705/15-15(b)(8)(d) and 15
				-20(d)(4)]
"Loan" means a traditional financial arrangement governed by a
				written document establishing the terms of repayment and term of that document.
				Loan, as used in the Cannabis Business Incubator Program, does not include
				instruments of convertible debt or other forms of financial arrangements
				differing from that of a traditional loan. Transfers of these loans are
				prohibited.
"Mentor" means an Early Approval Adult Use Dispensing or
				Cultivation Organization license holder that participates in the Cannabis
				Business Sponsorship Program.
"Mentorship" means a mentor providing business guidance in the
				start-up and operation of a successful cannabis business. Mentorship can
				include, but is not limited to, offering advice on developing a business plan,
				cultivating cannabis products, securing real estate, developing a cannabis
				product supply chain, soliciting investment in cannabis businesses, navigating
				legal compliance for cannabis businesses, and networking with other
				participants in the cannabis industry.
"Ownership Interest" means a substantial economic benefit
				gained by the Early Approval Adult Use Dispensing or Cultivation Organization
				Licensee from a Social Equity Applicant being incubated or sponsored by the
				licensee, but not to include the payment of fair market value consideration for
				goods provided by the host.
"Sponsor" means an Early Approval Adult Use Dispensing
				Organization License holder that enters into a no interest loan agreement with
				a value of at least $200,000 to a Social Equity Applicant that intends to seek
				a license.
Illinois Administrative Code › Title 14 - COMMERCE › Part 651 - CANNABIS BUSINESS INCUBATOR AND SPONSORSHIP PROGRAMS › Section 651.20 - Cannabis Business Incubator Program

Current through Register Vol. 48, No. 28, July 12, 2024
a) Through the Cannabis Business Incubator
			 Program, the Department may approve hosts that provide the following required
			 services to a Social Equity Applicant intending to seek a license, or a
			 licensee that qualifies as a Social Equity Applicant. All such services shall
			 commence by March 31, 2020 and shall be substantially completed by March 31,
			 2021. The host shall:
1) agree to provide
			 incubation services to a Social Equity Applicant intending to seek a license,
			 or a licensee that qualified as a Social Equity Applicant for at least one
			 year. Those services shall include mentorship;
2) provide a loan of at least $100,000, with
			 the loan complying with the following conditions:
A) the interest rate shall not exceed 12% and
			 the repayment term shall be no less than 5 years, with the first payment being
			 due no less than one year from the execution of the loan documents. If the host
			 charges fees in connection with the loan, then the annual percentage rate of
			 the loan shall not exceed 12%;
B)
			 if the Social Equity Applicant defaults on this loan, no penalties, fees, or
			 costs shall be charged and the borrower's liability shall not exceed the
			 principal balance and accrued interest; and
C) securing this loan with a controlling
			 interest in the Social Equity Applicant's license (whether by agreeing to use
			 the license as collateral or requiring a majority equity pledge of the
			 borrower's owners, or by any other mechanism to secure control over a license
			 upon default under the loan) is strictly prohibited;
3) in the event the host does not charge
			 interest on the loan, hold no more than a 10% ownership interest in the
			 licensee; and
4) abide by all other
			 statutory restrictions on ownership, including, but not limited to, those
			 expressed in Section 15-30(k) of the Act.
Illinois Administrative Code › Title 14 - COMMERCE › Part 651 - CANNABIS BUSINESS INCUBATOR AND SPONSORSHIP PROGRAMS › Section 651.25 - Cannabis Business Sponsorship Program

Current through Register Vol. 48, No. 28, July 12, 2024
a) Through the Cannabis Business Sponsorship
			 Program, the Department may approve sponsors that provide the following
			 required services to licensees that qualify as a Social Equity Applicant. The
			 sponsors shall:
1)
participate in the
			 sponsorship program for at least 2 years
; and
2)
provide an interest-free loan of
			 at least $200,000 to a Social Equity Applicant
[410
			 ILCS 705/15-20(d)(5) ], with a period
			 of disbursement to the Social Equity Applicant over no longer than 2 years.
			 Repayment terms shall be no less than 5 years, with the first payment being due
			 no less than one year from the execution of the loan documents. Loan funds
			 shall be used for day-to-day operating expenses and shall not be used for
			 specialized purposes, including, but not limited to, legal expenses.
Illinois Administrative Code › Title 14 - COMMERCE › Part 670 - HUMAN SERVICES CAPITAL INVESTMENT GRANT PROGRAM › Subpart A - GENERAL PROVISIONS › Section 670.10 - Purpose

Current through Register Vol. 48, No. 28, July 12, 2024
The purpose of the Human Services Capital Investment Grant
				  Program is to
make capital improvement grants to human services
				  providers serving low-income and marginalized populations
[20 ILCS
				  605/605-1030(a)]. The Human Services
				  Capital Investment Grant Program is established through a collaboration between
				  DCEO and DHS. The Agencies will cooperate on program establishment and
				  administration. DCEO shall be responsible for issuing and administering capital
				  improvement grants to human services providers, either directly or indirectly
				  through one or more intermediaries, subject to appropriation. DCEO will consult
				  with DHS on the issuance of rules and the priorities for capital improvement
				  grants to human services providers, based on available data.
Illinois Administrative Code › Title 14 - COMMERCE › Part 670 - HUMAN SERVICES CAPITAL INVESTMENT GRANT PROGRAM › Subpart A - GENERAL PROVISIONS › Section 670.30 - Use of Intermediaries

Current through Register Vol. 48, No. 28, July 12, 2024
DCEO may enter into agreements or contracts with one or more
				  intermediaries to assist in administering the program, including, but not
				  limited to, issuing subawards to human services providers through a grant award
				  from DCEO. DCEO may also enter into an inter-governmental agreement with DHS or
				  other State agencies to provide funds to DCEO to secure an intermediary. The
				  nature of the services provided shall determine whether the arrangement with an
				  intermediary is a grant, procurement or other relationship.
Illinois Administrative Code › Title 14 - COMMERCE › Part 670 - HUMAN SERVICES CAPITAL INVESTMENT GRANT PROGRAM › Subpart A - GENERAL PROVISIONS › Section 670.40 - Funding Sources

Current through Register Vol. 48, No. 28, July 12, 2024
a) The Build
				Illinois Bond Fund and the Rebuild Illinois Projects Fund are the sources of
				funding for the grants awarded to human services providers for capital
				improvement projects [20 ILCS
				605/605-1030(a)], unless State and
				federal laws permit another funding source.
b) Funding for grants or contracts issued to
				intermediaries to assist with administration of the program may be provided by
				any source of funding as permitted by State and federal law.
Illinois Administrative Code › Title 14 - COMMERCE › Part 670 - HUMAN SERVICES CAPITAL INVESTMENT GRANT PROGRAM › Subpart A - GENERAL PROVISIONS › Section 670.50 - Eligible Capital Improvement Project Activities

Current through Register Vol. 48, No. 28, July 12, 2024
a) DCEO shall make grant awards through a
				competitive application process to eligible human services providers as
				described in this Part, contingent on available funds. The grant awards shall
				be made to support capital improvements to facilities located in Illinois and
				utilized by human services providers to deliver services to low-income or
				marginalized populations. The specific types of capital improvement project
				activities permitted will be dependent on the funding source.
1) Grant awards funded by Build Illinois must
				be used by the grantees for bondable capital improvements. A bondable capital
				improvement is a project for which:
A) The
				activities improve upon or expand a facility owned or leased by a human
				services provider and generally include, but are not limited to, one or more of
				the following purposes:
i) architectural
				planning and engineering design;
ii) demolition (in preparation for additional
				work);
iii) site preparation and
				improvement;
iv) utility
				work;
v) new construction of
				buildings and structures;
vi)
				reconstruction or improvement of existing buildings or structures;
vii) original furnishings and durable
				equipment;
viii) replacement of
				currently utilized assets by a better asset; or
ix) expansion of existing buildings or
				facilities; and