Creates the Community Self-Revitalization Act. Provides that a municipality, county, or any combination of municipalities and counties that are certified as an economically distressed community by the Department of Commerce and Community Affairs, in order to receive the assistance as provided under the Act, may appoint a Board of Economic Advisors. Provides that the Board shall consist of 12 members of the community, appointed by the corporate authorities of the community, representing the perspective of 12 sectors vital to community redevelopment, including families, businesses, and government. Provides that the Board shall create a 3-year to 5-year revitalization plan for the community containing distinct, measurable objectives for revitalization. Provides that the Department of Commerce and Community Affairs shall, subject to appropriation, make grants to communities that create a Board of Economic Advisors under the Act for the operational expenses of the Board. Provides that Boards shall seek funding sources to enhance economic development. Further provides that the Department of Commerce and Community Affairs shall advise Boards of available funding and assist Boards in securing this funding. Effective immediately.
Sponsored bills
Reappropriates $25,000 from the Capital Development Fund to the Department of Commerce and Economic Opportunity for the purpose of a grant to the Village of Centreville for all costs associated with rebuilding the Community Village Theater. Effective July 1, 2004.
Creates the East St. Louis Development Authority Act. Contains only a short title provision.
Creates the Community Investment Corporation Development Act. Creates the Community Investment Corporation Development Commission within the Department of Commerce and Economic Opportunity. Sets forth procedures for appointments to the Commission and sets forth procedures for its operation. Requires the Commission to make annual reports to the Governor and the General Assembly concerning the establishment and operation of community investment corporations. Requires the Department of Commerce and Economic Opportunity to develop and maintain a program to make grants to communities seeking to establish community investment corporations. Requires the Commission to seek out funding sources to enhance the development of community investment corporations. Amends the State Finance Act to create the Community Investment Corporation Fund.
Amends the Illinois Community Development Finance Corporation Act. Transfers the chairmanship of the Corporation from the Director of Commerce and Community Affairs to the Lieutenant Governor.
Creates the East St. Louis Historical District Act. Provides the short title only.
Reappropriates $700,000 from the Build Illinois Bond Fund to the Department of Commerce and Economic Opportunity for the purpose of a grant to Madison County for sewer system improvements in Eagle Park Acres. Effective July 1, 2004.
Amends the Property Tax Code. Makes a technical change in a Section concerning the definition of "33 1/3%".
Appropriates $2 from the Local Tourism Fund to the Department of Commerce and Community Affairs for a grant to the City of Madison for establishment of a replica of the Toll Booth on the Chain of Rocks Bridge in Madison, Illinois. Effective July 1, 2003.
Appropriates $1,000,000 from the General Revenue Fund to the Department of Commerce and Community Affairs for grants to East St. Louis Township for building repairs. Effective July 1, 2003.