HB0736 EngrossedLRB100 05692 KTG 15713 b


  
1    AN ACT concerning public aid.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  


 
 
4    Section 5. The Illinois Public Aid Code is amended  by 
5adding Section 9-14 as follows:
 
6    (305 ILCS 5/9-14 new)
7    Sec. 9-14. Small business grant program. Subject to 
8appropriation, the Department of Commerce and Economic 
9Opportunity may establish a small business grant program for 
10public aid recipients who are interested in developing a new 
11start-up business. Grant applicants must submit an initial 
12business plan or proposal to the Department of Commerce and 
13Economic Opportunity that clearly articulates the viability of 
14the new start-up business and how the grant money will be used 
15to develop the business. The Department of Commerce and 
16Economic Opportunity shall use such application materials to 
17determine an applicant's eligibility under the program, the 
18grant amount to be awarded, if applicable, and the number of 
19grants an eligible applicant will receive under the program. If 
20an applicant is determined by the Department of Commerce and 
21Economic Opportunity to be eligible for a small business grant, 
22the applicant must submit to the Department of Commerce and 
23Economic Opportunity every year that he or she participates in 
 
 
HB0736 Engrossed- 2 -LRB100 05692 KTG 15713 b

1the program or applies for a new grant an updated business plan 
2or proposal that demonstrates the continued viability or 
3progress of the new start-up business. The Department of 
4Commerce and Economic Opportunity shall adopt any rules 
5necessary to implement this provision, including rules on the 
6minimum and maximum grant amounts awarded under the program,  
7the number of grants an applicant may apply for or receive 
8during a specified period of time, and application 
9requirements.