50 ILCS 350/1
Short title
Short title. This Act may be cited as the Community Self-Revitalization Act. (Source: P.A. 95-557, eff. 8-30-07.)
Illinois Compiled Statutes 50 ILCS 350 — Community Self-Revitalization Act.
Illinois · statute · 50 ILCS 350 · 7 active provisions
50 ILCS 350/5
Findings and purpose
Findings and purpose. (a) The General Assembly finds that: (1) There is a great need for economic revitalization in many communities throughout this State. (2) Each community has valuable resources at its fingertips that can be tapped in the revitalization process. (3) With adequate support and assistance from the Stat…
50 ILCS 350/10
Definitions
Definitions. As used in this Section: "Community" means a municipality or a county with respect to the unincorporated areas of a county. "Department" means the Department of Commerce and Economic Opportunity. "Economically distressed community" means (i) in the case of a municipality with a population of 25,000 or more…
50 ILCS 350/15
Certification; Board of Economic Advisors
Certification; Board of Economic Advisors. (a) In order to receive the assistance as provided in this Act, a community shall first, by ordinance passed by its corporate authorities, request that the Department certify that it is an economically distressed community. The community must submit a certified copy of the ord…
50 ILCS 350/20
Action by the Board
Action by the Board. (a) Organize. The Board shall first assess the needs and the resources of the community operating from the basic premise that the family unit is the primary unit of community and that the demand for goods and services from this residential sector is the main source of recovery and growth for the re…
50 ILCS 350/25
Funding sources
Funding sources. Subject to appropriation, the Department may make grants to communities that are certified as economically distressed communities under this Act and that create a Board of Economic Advisors under this Act for the operational expenses of the Board. The procedures for grant application shall be establish…
50 ILCS 350/99
Effective date
Effective date. This Act takes effect upon becoming law. (Source: P.A. 95-557, eff. 8-30-07.)