15 ILCS 560/1
Short title
Short title. This Act may be cited as the Infrastructure Development Act. (Source: P.A. 102-141, eff. 7-23-21.)
Illinois Compiled Statutes 15 ILCS 560 — Infrastructure Development Act.
Illinois · statute · 15 ILCS 560 · 7 active provisions
15 ILCS 560/5
Definitions
Definitions. As used in this Act: "Development capital" means financing for investments in which the underlying assets involve direct ownership of non-financial assets for developing or expanding in Illinois. "Illinois infrastructure development firm" means an entity that: (i) has more than 50% of its employees in Illi…
15 ILCS 560/10
Infrastructure Development Account
Infrastructure Development Account. (a) The State Treasurer shall segregate a portion of the Treasurer's State investment portfolio, which at no time shall be greater than 5% of the portfolio, in the Infrastructure Development Account, an account that shall be maintained separately and apart from other moneys invested…
15 ILCS 560/15
Rules
Rules. The State Treasurer may adopt rules necessary to implement this Act. (Source: P.A. 102-141, eff. 7-23-21.)
15 ILCS 560/20
Infrastructure Development Fund
Infrastructure Development Fund. The Infrastructure Development Fund is created as a non-appropriated trust fund within the State treasury, which may receive a portion of earnings from the Infrastructure Development Account and may be used by the State Treasurer to pay expenses related to this Act. (Source: P.A. 102-14…
15 ILCS 560/90
(Amendatory provisions; text omitted)
(Amendatory provisions; text omitted). (Source: P.A. 102-141, eff. 7-23-21; text omitted.)
15 ILCS 560/99
Effective date
Effective date. This Act takes effect upon becoming law. (Source: P.A. 102-141, eff. 7-23-21.)