Bill Text: IL HB0736 | 2017-2018 | 100th General Assembly | Engrossed

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Amends the Illinois Public Aid Code. Requires the Department of Human Services to establish a small business grant program for public aid recipients who are interested in developing a new start-up business. Requires grant applicants to submit an initial business plan or proposal to the Department that clearly articulates the viability of the new start-up business and how the grant money will be used to develop the business. Provides that the Department shall use such application materials to determine an applicant's eligibility under the program, the grant amount to be awarded, if applicable, and the number of grants an eligible applicant will receive under the program. Provides that if an applicant is determined by the Department to be eligible for a small business grant, the applicant must submit to the Department every year that he or she participates in the program or applies for a new grant an updated business plan or proposal that demonstrates the continued viability or progress of the new start-up business. Requires the Department to adopt any rules necessary to implement the program, including rules on the minimum and maximum grant amounts awarded under the program, the number of grants an applicant may apply for or receive during a specified period of time, and application requirements.

Spectrum: Moderate Partisan Bill (Democrat 7-1)

Status: (Passed) 2017-08-25 - Public Act . . . . . . . . . 100-0347 [HB0736 Detail]

Download: Illinois-2017-HB0736-Engrossed.html

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HB0736 Engrossed LRB100 05692 KTG 15713 b
AN ACT concerning public aid.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Public Aid Code is amended by
adding Section 9-14 as follows:
(305 ILCS 5/9-14 new)
Sec. 9-14. Small business grant program. Subject to
appropriation, the Department of Commerce and Economic
Opportunity may establish a small business grant program for
public aid recipients who are interested in developing a new
start-up business. Grant applicants must submit an initial
business plan or proposal to the Department of Commerce and
Economic Opportunity that clearly articulates the viability of
the new start-up business and how the grant money will be used
to develop the business. The Department of Commerce and
Economic Opportunity shall use such application materials to
determine an applicant's eligibility under the program, the
grant amount to be awarded, if applicable, and the number of
grants an eligible applicant will receive under the program. If
an applicant is determined by the Department of Commerce and
Economic Opportunity to be eligible for a small business grant,
the applicant must submit to the Department of Commerce and
Economic Opportunity every year that he or she participates in

HB0736 Engrossed - 2 - LRB100 05692 KTG 15713 b
the program or applies for a new grant an updated business plan
or proposal that demonstrates the continued viability or
progress of the new start-up business. The Department of
Commerce and Economic Opportunity shall adopt any rules
necessary to implement this provision, including rules on the
minimum and maximum grant amounts awarded under the program,
the number of grants an applicant may apply for or receive
during a specified period of time, and application
requirements.