Bill Text: IL HB5470 | 2025-2026 | 104th General Assembly | Enrolled

---

Bill Title: Reinserts the provisions of House Amendment No. 1 with changes. Removes provisions of the Illinois Power Agency Act extending a home rule preemption concerning taxes or fees related to the generation of electricity. Removes provisions extending the following income tax credits: (1) the research and development credit; (2) the angel investment credit; (3) the apprenticeship education expense credit; and (4) the River Edge Redevelopment Zone credit. Effective immediately.

Sponsorship: Partisan Bill (Democrat 7)

Status: (Passed) 2026-08-07 - Public Act . . . . . . . . . 104-0799 [HB5470 Detail]

Download: Illinois-2025-HB5470-Enrolled.html

---

HB5470 Enrolled LRB104 19493 HLH 32941 b
AN ACT concerning State government.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Department of Commerce and Economic
Opportunity Law of the Civil Administrative Code of Illinois
is amended by changing Sections 605-300, 605-465, 605-503,
605-913, 605-1007, and 605-1032 as follows:
(20 ILCS 605/605-300) (was 20 ILCS 605/46.2)
Sec. 605-300. Economic development plans. The Department
shall develop a strategic economic development plan for the
State by July 1, 2014. By no later than January 31 July 1,
2015, and by July 1 annually thereafter, the Department shall
make modifications to the plan as modifications are warranted
by changes in economic conditions or by other factors,
including changes in policy. In addition to the annual
modification, the plan shall be reviewed and redeveloped in
full every 5 years. In the development of the annual economic
development plan, the Department shall consult with
representatives of the private sector, other State agencies,
academic institutions, local economic development
organizations, local governments, and not-for-profit
organizations. The annual economic development plan shall set
specific, measurable, attainable, relevant, and time-sensitive

HB5470 Enrolled - 2 - LRB104 19493 HLH 32941 b
goals and shall include a focus on areas of high unemployment
or poverty.
The term "economic development" shall be construed broadly
by the Department and may include, but is not limited to, job
creation, job retention, tax base enhancements, development of
human capital, workforce productivity, critical
infrastructure, regional competitiveness, social inclusion,
standard of living, environmental sustainability, energy
independence, quality of life, the effective use of financial
incentives, the utilization of public private partnerships
where appropriate, and other metrics determined by the
Department.
The plan shall be based on relevant economic data, focus
on economic development as prescribed by this Section, and
emphasize strategies to retain and create jobs.
The plan shall identify and develop specific strategies
for utilizing the assets of regions within the State defined
as counties and municipalities or other political subdivisions
in close geographical proximity that share common economic
traits such as commuting zones, labor market areas, or other
economically integrated characteristics.
If the plan includes strategies that have a fiscal impact
on the Department or any other agency, the plan shall include a
detailed description of the estimated fiscal impact of such
strategies.
Prior to publishing the plan in its final form, the

HB5470 Enrolled - 3 - LRB104 19493 HLH 32941 b
Department shall allow for a reasonable time for public input.
The Department shall transmit copies of the economic
development plan to the Governor and the General Assembly no
later than July 1, 2014, and by July 1 annually thereafter. The
plan and its corresponding modifications shall be published
and made available to the public in both paper and electronic
media, on the Department's website, and by any other method
that the Department deems appropriate.
The Department shall annually submit legislation to
implement the strategic economic development plan or
modifications to the strategic economic development plan to
the Governor, the President and Minority Leader of the Senate,
and the Speaker and the Minority Leader of the House of
Representatives. The legislation shall be in the form of one
or more substantive bills drafted by the Legislative Reference
Bureau.
(Source: P.A. 104-435, eff. 11-21-25.)
(20 ILCS 605/605-465)
Sec. 605-465. Comprehensive website information.
(a) The Department's official website must contain a
comprehensive list of State, local, and federal economic
benefits available to businesses in each of the State's
counties and municipalities that the Department includes on
its website. In order to do so:
(1) The Department annually must request a summary of

HB5470 Enrolled - 4 - LRB104 19493 HLH 32941 b
available economic benefits from each of the State's
counties and municipalities that are linked to the
Department's website.
(2) The information obtained under paragraph (1) must
be published on the related web pages of the Department's
website.
(3) The Department's website shall also provide
information regarding available federal economic benefits
to the extent possible.
(b) The Department shall adopt rules for the
implementation of this Section.
(c) This Section is repealed on July 1, 2026.
(Source: P.A. 97-721, eff. 6-29-12.)
(20 ILCS 605/605-503)
Sec. 605-503. Entrepreneurship assistance centers.
(a) The Department shall establish and support, subject to
appropriation, entrepreneurship assistance centers, including
the issuance of grants, at career education agencies and
not-for-profit corporations, including, but not limited to,
local development corporations, chambers of commerce,
community-based business outreach centers, and other
community-based organizations. The purpose of the centers
shall be to train minority group members, women, individuals
with a disability, dislocated workers, veterans, and youth
entrepreneurs in the principles and practice of

HB5470 Enrolled - 5 - LRB104 19493 HLH 32941 b
entrepreneurship in order to prepare those persons to pursue
self-employment opportunities and to pursue a minority
business enterprise or a women-owned business enterprise. The
centers shall provide for training in all aspects of business
development and small business management as defined by the
Department.
(b) The Department shall establish criteria for selection
and designation of the centers which shall include, but not be
limited to:
(1) the level of support for the center from local
post-secondary education institutions, businesses, and
government;
(2) the level of financial assistance provided at the
local and federal level to support the operations of the
center;
(3) the applicant's understanding of program goals and
objectives articulated by the Department;
(4) the plans of the center to supplement State and
local funding through fees for services which may be based
on a sliding scale based on ability to pay;
(5) the need for and anticipated impact of the center
on the community in which it will function;
(6) the quality of the proposed work plan and staff of
the center; and
(7) the extent of economic distress in the area to be
served.

HB5470 Enrolled - 6 - LRB104 19493 HLH 32941 b
(c) Each center shall:
(1) be operated by a board of directors representing
community leaders in business, education, finance, and
government;
(2) be incorporated as a not-for-profit corporation;
(3) be located in an area accessible to eligible
clients;
(4) establish an advisory group of community business
experts, at least one-half of whom shall be representative
of the clientele to be served by the center, which shall
constitute a support network to provide counseling and
mentoring services to minority group members, women,
individuals with a disability, dislocated workers,
veterans, and youth entrepreneurs from the concept stage
of development through the first one to 2 years of
existence on a regular basis and as needed thereafter; and
(5) establish a referral system and linkages to
existing area small business assistance programs and
financing sources.
(d) Each entrepreneurship assistance center shall provide
needed services to eligible clients, including, but not
limited to: (i) orientation and screening of prospective
entrepreneurs; (ii) analysis of business concepts and
technical feasibility; (iii) market analysis; (iv) management
analysis and counseling; (v) business planning and financial
planning assistance; (vi) referrals to financial resources;

HB5470 Enrolled - 7 - LRB104 19493 HLH 32941 b
(vii) referrals to existing educational programs for training
in such areas as marketing, accounting, and other training
programs as may be necessary and available; and (viii)
referrals to business incubator facilities, when appropriate,
for the purpose of entering into agreements to access shared
support services.
(e) Applications for grants made under this Section shall
be made in the manner and on forms prescribed by the
Department. The application shall include, but shall not be
limited to:
(1) a description of the training programs available
within the geographic area to be served by the center to
which eligible clients may be referred;
(2) designation of a program director;
(3) plans for providing ongoing technical assistance
to program graduates, including linkages with providers of
other entrepreneurial assistance programs and with
providers of small business technical assistance and
services;
(4) a program budget, including matching funds,
in-kind and otherwise, to be provided by the applicant;
and
(5) any other requirements as deemed necessary by the
Department.
(f) Grants made under this Section shall be disbursed for
payment of the cost of services and expenses of the program

HB5470 Enrolled - 8 - LRB104 19493 HLH 32941 b
director, the instructors of the participating career
education agency or not-for-profit corporation, the faculty
and support personnel thereof, and any other person in the
service of providing instruction and counseling in furtherance
of the program.
(g) The Department shall monitor the performance of each
entrepreneurial assistance center and require quarterly
reports from each center at such time and in such a manner as
prescribed by the Department.
The Department shall also evaluate the entrepreneurial
assistance centers established under this Section and report
annually beginning on January 1, 2023, and on or before
January 31 January 1 of each year thereafter, the results of
the evaluation to the Governor and the General Assembly. The
report shall discuss the extent to which the centers serve
minority group members, women, individuals with a disability,
dislocated workers, veterans, and youth entrepreneurs; the
extent to which the training program is coordinated with other
assistance programs targeted to small and new businesses; the
ability of the program to leverage other sources of funding
and support; and the success of the program in aiding
entrepreneurs to start up new businesses, including the number
of new business start-ups resulting from the program. The
report shall recommend changes and improvements in the
training program and in the quality of supplemental technical
assistance offered to graduates of the training programs. The

HB5470 Enrolled - 9 - LRB104 19493 HLH 32941 b
report shall be made available to the public on the
Department's website. Between evaluation due dates, the
Department shall maintain the necessary records and data
required to satisfy the evaluation requirements.
(h) For purposes of this Section:
"Entrepreneurship assistance center" or "center" means the
business development centers or programs which provide
assistance to primarily minority group members, women,
individuals with a disability, dislocated workers, veterans,
and youth entrepreneurs under this Section.
"Disability" means, with respect to an individual: (i) a
physical or mental impairment that substantially limits one or
more of the major life activities of an individual; (ii) a
record of such an impairment; or (iii) being regarded as
having an impairment.
"Minority business enterprise" has the same meaning as
provided for "minority-owned business" under Section 2 of the
Business Enterprise for Minorities, Women, and Persons with
Disabilities Act.
"Minority group member" has the same meaning as provided
for "minority person" under Section 2 of the Business
Enterprise for Minorities, Women, and Persons with
Disabilities Act.
"Women-owned business enterprise" has the same meaning as
provided for "women-owned business" under Section 2 of the
Business Enterprise for Minorities, Women, and Persons with

HB5470 Enrolled - 10 - LRB104 19493 HLH 32941 b
Disabilities Act.
"Veteran" means a person who served in and who has
received an honorable or general discharge from, the United
States Army, Navy, Air Force, Space Force, Marines, Coast
Guard, or reserves thereof, or who served in the Army National
Guard, Air National Guard, or Illinois National Guard.
"Youth entrepreneur" means a person who is between the
ages of 16 and 29 years old and is seeking community support to
start a business in Illinois.
(Source: P.A. 102-272, eff. 1-1-22; 102-821, eff. 1-1-23;
103-154, eff. 6-30-23; 103-746, eff. 1-1-25.)
(20 ILCS 605/605-913)
Sec. 605-913. Clean Water Workforce Pipeline Program.
(a) The General Assembly finds the following:
(1) The fresh surface water and groundwater supply in
Illinois and Lake Michigan constitute vital natural
resources that require careful stewardship and protection
for future generations. Access to safe and clean drinking
water is the right of all Illinois residents.
(2) To adequately protect these resources and provide
safe and clean drinking water, substantial investment is
needed to replace lead components in drinking water
infrastructure, improve wastewater treatment, flood
control, and stormwater management, control aquatic
invasive species, implement green infrastructure

HB5470 Enrolled - 11 - LRB104 19493 HLH 32941 b
solutions, and implement other infrastructure solutions to
protect water quality.
(3) Implementing these clean water solutions will
require a skilled and trained workforce, and new
investments will demand additional workers with
specialized skills.
(4) Water infrastructure jobs have been shown to
provide living wages and contribute to Illinois' economy.
(5) Significant populations of Illinois residents,
including, but not limited to, residents of environmental
justice communities, economically and socially
disadvantaged communities, those returning from the
criminal justice system, foster care alumni, and in
particular women and transgender persons, are in need of
access to skilled living wage jobs like those in the water
infrastructure sector.
(6) Many of these residents are more likely to live in
communities with aging and inadequate clean water
infrastructure and suffer from threats to surface and
drinking water quality.
(7) The State can provide significant economic
opportunities to these residents and achieve greater
environmental and public health by investing in clean
water infrastructure.
(8) New training, recruitment, support, and placement
efforts are needed to connect these residents with career

HB5470 Enrolled - 12 - LRB104 19493 HLH 32941 b
opportunities in water infrastructure.
(9) The State must invest in both clean water
infrastructure and workforce development efforts in order
to achieve these goals.
(b) Subject to appropriation, From appropriations made
from the Build Illinois Bond Fund, Capital Development Fund,
or General Revenue Fund or other funds as identified by the
Department, the Department may shall create a Clean Water
Workforce Pipeline Program to provide grants and other
financial assistance to prepare and support individuals for
careers in water infrastructure. All funding provided by the
Program under this Section shall be designed to encourage and
facilitate employment in projects funded through State capital
investment and provide participants a skill set to allow them
to work professionally in fields related to water
infrastructure.
Grants and other financial assistance may be made
available on a competitive annual basis to organizations that
demonstrate a capacity to recruit, support, train, and place
individuals in water infrastructure careers, including, but
not limited to, community organizations, educational
institutions, workforce investment boards, community action
agencies, and multi-craft labor organizations for new efforts
specifically focused on engaging residents of environmental
justice communities, economically and socially disadvantaged
communities, those returning from the criminal justice system,

HB5470 Enrolled - 13 - LRB104 19493 HLH 32941 b
foster care alumni, and in particular women and transgender
persons in these populations.
Grants and other financial assistance may shall be awarded
on a competitive and annual basis for the following
activities:
(1) identification of individuals for job training in
the water sector;
(2) counseling, preparation, skills training, and
other support to increase a candidate's likelihood of
success in a job training program and career;
(3) financial support for individuals in a water
sector job skills training program, support services, and
transportation assistance tied to training under this
Section;
(4) job placement services for individuals during and
after completion of water sector job skills training
programs; and
(5) financial, administrative, and management
assistance for organizations engaged in these activities.
(c) It shall be an annual goal of the Program to train and
place at least 300, or 25% of the number of annual jobs created
by State financed water infrastructure projects, whichever is
greater, of the following persons in water sector-related
apprenticeships annually: residents of environmental justice
communities; residents of economically and socially
disadvantaged communities; those returning from the criminal

HB5470 Enrolled - 14 - LRB104 19493 HLH 32941 b
justice system; foster care alumni; and, in particular, women
and transgender persons. In awarding and administering grants
under this Program, the Department shall strive to provide
assistance equitably throughout the State.
In order to encourage the employment of individuals
trained through the Program onto projects receiving State
financial assistance, the Department shall coordinate with the
Illinois Environmental Protection Agency, the Illinois Finance
Authority, and other State agencies that provide financial
support for water infrastructure projects. These agencies
shall take steps to support attaining the training and
placement goals set forth in this subsection, using a list of
projects that receive State financial support. These agencies
may propose and adopt rules to facilitate the attainment of
this goal.
Using funds appropriated for the purposes of this Section,
the Department may select through a competitive bidding
process a Program Administrator to oversee the allocation of
funds and select organizations that receive funding.
The Department may require recipients of grants under this
Program to Recipients of grants under the Program shall report
annually to the Department, at intervals determined by the
Department, on the success of their efforts and their
contribution to reaching the goals of the Program provided in
this subsection. To the extent possible based on reporting
provided by recipients of grants under this Program, the The

HB5470 Enrolled - 15 - LRB104 19493 HLH 32941 b
Department shall compile this information and periodically
annually report to the General Assembly on the Program,
including, but not limited to, the following information:
(1) progress toward the goals stated in this
subsection;
(2) any increase in the percentage of water industry
jobs in targeted populations;
(3) any increase in the rate of acceptance,
completion, or retention of water training programs among
targeted populations;
(4) any increase in the rate of employment, including
hours and annual income, measured against pre-Program
participant income; and
(5) any recommendations for future changes to optimize
the success of the Program.
(d) Within 180 days after an appropriation is made
available for the purposes of meeting the requirements of this
Act, Within 90 days after January 1, 2020 (the effective date
of Public Act 101-576), the Department shall propose rules for
adoption a draft plan to implement this Section in accordance
with the Illinois Administrative Procedure Act, including any
public comment required by the Joint Committee on
Administrative Rules. for public comment. The Department shall
allow a minimum of 60 days for public comment on the plan,
including one or more public hearings, if requested. The
Department shall finalize the plan within 180 days of January

HB5470 Enrolled - 16 - LRB104 19493 HLH 32941 b
1, 2020 (the effective date of Public Act 101-576).
The Department may propose and adopt any rules necessary
for the implementation of the Program and to ensure compliance
with this Section.
(e) The Water Workforce Development Fund is created as a
special fund in the State treasury. The Fund shall receive
moneys appropriated for the purpose of this Section from the
Build Illinois Bond Fund, the Capital Development Fund, the
General Revenue Fund and any other funds. Moneys in the Fund
shall only be used to fund the Program and to assist and enable
implementation of clean water infrastructure capital
investments. Notwithstanding any other law to the contrary,
the Water Workforce Development Fund is not subject to sweeps,
administrative charge-backs, or any other fiscal or budgetary
maneuver that would in any way transfer any amounts from the
Water Workforce Development Fund into any other fund of the
State.
(f) For purpose of this Section:
"Environmental justice community" has the meaning provided
in subsection (b) of Section 1-50 of the Illinois Power Agency
Act.
"Multi-craft labor organization" means a joint
labor-management apprenticeship program registered with and
approved by the United States Department of Labor's Office of
Apprenticeship or a labor organization that has an accredited
training program through the Higher Learning Commission or the

HB5470 Enrolled - 17 - LRB104 19493 HLH 32941 b
Illinois Community College Board.
"Organization" means a corporation, company, partnership,
association, society, order, labor organization, or individual
or aggregation of individuals.
(Source: P.A. 101-576, eff. 1-1-20; 102-558, eff. 8-20-21.)
(20 ILCS 605/605-1007)
Sec. 605-1007. New business permitting portal.
(a) By July 1, 2017, the Department shall, subject to
appropriation, create and maintain, in consultation with the
Department of Innovation and Technology, a website to help
persons wishing to create new businesses or relocate
businesses to Illinois. The Department shall consult with at
least one organization representing small businesses in this
State while creating the website.
(b) The website shall include:
(1) an estimate of license and permitting fees for
different businesses;
(2) State government application forms for business
licensing or registration;
(3) hyperlinks to websites of the responsible agency
or organization responsible for accepting the application;
and
(4) contact information for any local government
permitting agencies that may be relevant.
(c) The Department shall maintain an integrated digital

HB5470 Enrolled - 18 - LRB104 19493 HLH 32941 b
platform for business permitting and licensing information in
collaboration with all State agencies with regulatory
authority over business activities. Those agencies shall
provide, maintain, and update their required business forms,
instructions, and related content in the shared content
management system or other Department-designated platform on
an ongoing basis, in accordance with guidance issued by the
Department. Agencies shall also maintain current and accurate
business-related content on their primary public websites to
ensure efficient integration and curation of information into
the portal. contact all agencies to obtain business forms and
other information for this website. Those agencies shall
respond to the Department before July 1, 2016.
(d) The website shall also include some mechanism for the
potential business owner to request more information from the
Department that may be helpful in starting the business,
including, but not limited to, State-based incentives that the
business owner may qualify for when starting or relocating a
business.
(e) The Department shall ensure that the portal is kept
current through continuous content management processes. State
agencies with regulatory authority over business activities
shall notify the Department or update the shared content
management system promptly when changes to forms, fees,
processes, requirements, or other relevant information occur,
and shall review and confirm the accuracy of its application

HB5470 Enrolled - 19 - LRB104 19493 HLH 32941 b
forms and related content at least annually. update the
website at least once a year before July 1. The Department
shall request that other State agencies report any changes in
applicable application forms to the Department by June 1 of
every year after 2016.
(Source: P.A. 102-276, eff. 8-6-21.)
(20 ILCS 605/605-1032)
Sec. 605-1032. Office of Economic Equity and Empowerment.
(a) As used in this Section:
"Eligible not-for-profit corporation" means a
not-for-profit corporation, as defined in Section 101.80 of
the General Not For Profit Corporation Act of 1986, that
primarily serves minorities, women, veterans, or persons with
a disability.
"Office" means the Office of Economic Equity and
Empowerment.
(b) The Office of Economic Equity and Empowerment is
hereby created within the Department. The Office shall assist
minority-owned businesses, women-owned businesses,
veteran-owned businesses, businesses owned by persons with
disabilities, eligible not-for-profit corporations, and other
underserved communities and constituencies through targeted
programs, resources, and outreach and promotional activities.
The Office may engage in or conduct the following activities:
(1) promoting and conducting outreach efforts to

HB5470 Enrolled - 20 - LRB104 19493 HLH 32941 b
ensure access to State and federal funding opportunities,
and assisting minority-owned businesses, women-owned
businesses, veteran-owned businesses, businesses owned by
persons with disabilities, eligible not-for-profit
corporations, and other underserved communities and
constituencies in applying for and receiving loan funds in
the State;
(2) providing and hosting workshops and public forums
and engaging in outreach efforts for minority-owned
businesses, women-owned businesses, veteran-owned
businesses, businesses owned by persons with disabilities,
and other underserved communities and constituencies to
encourage participation in programs under the Business
Enterprise for Minorities, Women, and Persons with
Disabilities Act, and assisting those businesses in
becoming designated under that Act and under similar
certification programs;
(3) providing and hosting workshops and public forums
and engaging in outreach efforts that assist and educate
minority-owned businesses, women-owned businesses,
veteran-owned businesses, businesses owned by persons with
disabilities, eligible not-for-profit corporations, and
other underserved communities and constituencies on the
process of applying for and becoming certified to apply
for State grant funds under the Grant Accountability and
Transparency Act;

HB5470 Enrolled - 21 - LRB104 19493 HLH 32941 b
(4) providing and hosting workshops and public forums
and engaging in outreach efforts that assist and educate
aspiring and existing minority-owned businesses,
women-owned businesses, veteran-owned businesses,
businesses owned by persons with disabilities, eligible
not-for-profit corporations, and other underserved
communities and constituencies with understanding concepts
including, but not limited to, business formation and
not-for-profit incorporation, business planning, capital
access, and marketing a business or not-for-profit
corporation;
(5) administering programs established by the
Department or the General Assembly to provide grants to
minority-owned businesses, woman-owned businesses,
veteran-owned businesses, businesses owned by persons with
disabilities, eligible not-for-profit corporations, and
other underserved communities and constituencies;
(6) coordinating assistance for minority-owned
businesses, woman-owned businesses, veteran-owned
businesses, businesses owned by persons with disabilities,
eligible not-for-profit corporations, and other
underserved communities and constituencies with other
State agencies;
(7) providing staff, administration, and related
support required to administer this Section; and
(8) establishing applications, notifications,

HB5470 Enrolled - 22 - LRB104 19493 HLH 32941 b
contracts, and other forms and procedures, and adopting
rules deemed necessary and appropriate.
(b-5) Subject to appropriation, the Office may administer
assistance that is focused on the revitalization and economic
stabilization of urban areas in the State. This assistance may
include programming, communication, and cross-coordination of
existing State programs designed to stimulate the economic
growth of under-resourced and underserved urban areas of the
State. Among other duties assigned by the Department, subject
to appropriation, the Office is authorized to do the
following:
(1) To the extent possible, to assist in the
coordination and communication of the activities of the
following units and programs of the Department and all
other present and future units and programs of the
Department that impact under-resourced or underserved
urban areas to the extent that they may assist urban areas
and urban economics:
(A) the Enterprise Zone Program;
(B) the Small Business Development Center Program;
(C) the Low-Income Heating and Energy Assistance
Program (LIHEAP) and related energy assistance
programs;
(D) programs funded through Community Services
Block Grant funds;
(E) programs funded through Community Development

HB5470 Enrolled - 23 - LRB104 19493 HLH 32941 b
Block Grant funds;
(F) programs under the federal Workforce
Innovation and Opportunity Act (WIOA) or related
workforce programs;
(G) programming related to the deployment of and
access to broadband and related technology and skills;
(H) programs that assist in the development of
businesses owned by individuals that are socially and
economically disadvantaged; and
(I) programs that assist in the development of
community infrastructure.
(2) To gather information concerning any State or
federal program that is designed to revitalize or assist
under-resourced or underserved urban areas in the State
and to provide this information to public and private
entities upon request.
(3) To use existing programs of the Department to
collaborate with regional economic development
professionals hired by the Department to promote and
assist in developing urban industrial parks and related
economic development.
(4) To promote economic parity throughout the State
and the autonomy of residents of the State by promoting
and assisting the development of the following as it
relates to services to and for under-resourced or
underserved urban areas of the State:

HB5470 Enrolled - 24 - LRB104 19493 HLH 32941 b
(A) small business development centers;
(B) youth employment;
(C) small business incubators;
(D) family resource centers;
(E) urban development banks;
(F) self-managed urban businesses; and
(G) plans for urban infrastructure projects.
(5) To, at its discretion and to the extent
practicable, seek guidance from urban public officials,
municipalities, metropolitan planning organizations,
nonprofits, and other entities to develop recommendations
to the Department on economic policies for urban areas and
planning models that will result in the revitalization of
the economy of under-resourced or underserved urban areas,
especially those urban areas where economically and
socially disadvantaged people live. These recommendations
may include, but are not limited to, recommendations in
the areas of:
(A) housing;
(B) scientific research;
(C) urban youth unemployment;
(D) business incubators and family resource
centers in urban areas; and
(E) alternative energy resource development in
urban areas as part of the Department's 5-year plan
for economic development.

HB5470 Enrolled - 25 - LRB104 19493 HLH 32941 b
(6) To encourage new enterprises to locate in urban
areas through educational promotions that emphasize the
opportunities in areas identified in the Department's
5-year economic development plan and by connecting those
enterprises to employees of the Department that specialize
in the solicitation of businesses in urban areas, and to
do other acts that, in the judgment of the Department, are
necessary and proper to foster and promote the economic
development and welfare of any urban area. Except as
otherwise specifically provided by law, the Department
shall have no power to require reports from or to regulate
any business.
(7) To accept grants, loans, or appropriations from
the federal government or the State, or any agency or
instrumentality thereof, to be used for any expenses
necessary to serve under-resourced or underserved urban
areas of the State, including, but not limited to,
scientific research, urban youth employment projects,
business incubators, urban infrastructure development,
alternative energy resource development, food deserts and
community food plots, community facilities needed in urban
areas, and any other purpose related to the revitalization
of and support for urban areas.
(c) The Office may use vendors or enter into contracts to
carry out the purposes of this Section.
(Source: P.A. 103-889, eff. 1-1-25.)

HB5470 Enrolled - 26 - LRB104 19493 HLH 32941 b
(20 ILCS 605/605-400 rep.)
Section 7. The Department of Commerce and Economic
Opportunity Law of the Civil Administrative Code of Illinois
is amended by repealing Section 605-400.
Section 10. The Illinois Enterprise Zone Act is amended by
changing Section 12-9 as follows:
(20 ILCS 655/12-9) (from Ch. 67 1/2, par. 626)
Sec. 12-9. Report. On January 31 January 1 of each year,
the Department shall report on its operation of the Fund for
the preceding fiscal year to the Governor and the General
Assembly. For any fiscal year in which no operations are
conducted by the Department because no funds were appropriated
to the Fund, the report outlined by this Section is not
required.
(Source: P.A. 102-108, eff. 1-1-22.)
Section 13. The Illinois Promotion Act is amended by
changing Section 4b as follows:
(20 ILCS 665/4b)
Sec. 4b. Coordinating Committee. There is created a
Coordinating Committee of State agencies involved with tourism
in the State of Illinois. The Committee shall consist of the

HB5470 Enrolled - 27 - LRB104 19493 HLH 32941 b
Director of Commerce and Economic Opportunity or the
Director's designee, as chairman, the Lieutenant Governor or
the Lieutenant Governor's designee, the Secretary of
Transportation or his or her designee, and the head executive
officer or his or her designee of the following: the Lincoln
Presidential Library; the Department of Natural Resources; the
Department of Agriculture; the Illinois Arts Council; the
Illinois Community College Board; and the Board of Higher
Education. The Committee shall also include 4 members of the
Illinois General Assembly, one of whom shall be named by the
Speaker of the House of Representatives, one of whom shall be
named by the Minority Leader of the House of Representatives,
one of whom who shall be named by the President of the Senate,
and one of whom shall be named by the Minority Leader of the
Senate. The Committee shall meet at least quarterly and at
other times as called by the chair. The Committee shall
coordinate the promotion and development of tourism activities
throughout State government.
(Source: P.A. 102-278, eff. 8-6-21.)
(20 ILCS 5075/Act rep.)
Section 20. The Opportunities for At-Risk Women Act is
repealed.
Section 23. The Illinois Council on Women and Girls Act is
amended by changing Section 15 as follows:

HB5470 Enrolled - 28 - LRB104 19493 HLH 32941 b
(20 ILCS 5130/15)
Sec. 15. The Illinois Council on Women and Girls.
(a) There is hereby created the Illinois Council on Women
and Girls.
(b) The Council shall advise the Governor and the General
Assembly on policy issues impacting women and girls in this
State, including, but not limited to, the following goals:
(1) to advance the role and civic participation of
women and girls in this State;
(2) to put in place programs and advocate policies
that work to end the gender pay gap and discrimination in
professional and academic opportunities;
(3) to promote resources and opportunities for
academic and professional growth;
(4) to allow women and young girls to have legal
protections and recourse in cases of sexual harassment in
the workplace;
(5) to prevent and protect women from domestic
violence;
(6) to provide proper standards of healthcare, and to
study the disparate impacts on women as it pertains to
diverse demographics;
(7) to promote increased access to reproductive health
care;
(8) to protect women who are transgender from violence

HB5470 Enrolled - 29 - LRB104 19493 HLH 32941 b
and harassment, and increase their fair and equal access
to culturally competent health care, housing, employment,
and other opportunities;
(9) to disseminate information and build relationships
between State agencies and commissions in furtherance of
the Council's goals under this Act; and
(10) to give significant attention to the inclusion of
women of color in decision-making capacities and
identifying barriers toward parity, and for leadership
inclusion that works to realize America's founding
principles of equity and opportunity for all.
(c) The Council is hereby authorized to create
subcommittees. The Council may create a Subcommittee on
Opportunities for Women At Risk of Being Justice Impacted. The
Subcommittee on Opportunities for Women At Risk of Being
Justice Impacted may analyze, without limitation, the
following:
(1) existing State of Illinois boards, commissions,
councils, and task forces, as well as State of Illinois
initiatives and programs, that support women at risk of
being justice impacted;
(2) additional statewide councils managed by the
Department of Corrections;
(3) all State agencies and offices that help women at
risk of being justice impacted;
(4) federal, State, and local government offices that

HB5470 Enrolled - 30 - LRB104 19493 HLH 32941 b
help women at risk of being justice impacted through their
task forces or programs or that manage corrections and
jail facilities;
(5) organizations, including nonprofits, civic groups,
and faith-based organizations, that support women at risk
of being justice impacted;
(6) colleges and universities that support, through
academic research, initiatives, and programs, women at
risk of being justice impacted; and
(7) additional cross-sector organizational resources.
(d) As used in this Section, "women at risk of being
justice impacted" means women who are at increased risk of
incarceration because of historic injustices that have
perpetuated the lack of access to economic opportunities, such
as poverty, abuse, addiction, financial challenges,
illiteracy, or other causes. The term "women at risk of being
justice impacted" includes, but shall not be limited to, women
who have previously been incarcerated.
(Source: P.A. 100-913, eff. 8-17-18.)
Section 25. The Urban Weatherization Initiative Act is
amended by changing Section 40-40 as follows:
(30 ILCS 738/40-40)
Sec. 40-40. Weatherization Initiative Board.
(a) Subject to appropriation, the The Weatherization

HB5470 Enrolled - 31 - LRB104 19493 HLH 32941 b
Initiative Board is created within the Department. The Board
must approve or deny all grants from the Fund.
(a-5) Notwithstanding any other provision of this Article,
the Board has the authority to direct the Department to
authorize the awarding of grants to applicants serving areas
or populations not included in the target areas and
populations set forth in Section 40-25 if the Board determines
that there are special circumstances involving the areas or
populations served by the applicant.
(b) The Board shall consist of 5 voting members appointed
by the Governor with the advice and consent of the Senate. The
initial members shall have terms as follows as designated by
the Governor: one for one year, one for 2 years, one for 3
years, one for 4 years, and one for 5 years, or until a
successor is appointed and qualified. Thereafter, members
shall serve 5-year terms or until a successor is appointed and
qualified. The voting members shall elect a voting member to
serve as chair for a one-year term. Vacancies shall be filled
in the same manner for the balance of a term.
(c) The Board shall also have 4 non-voting ex officio
members appointed as follows: one Representative appointed by
the Speaker of the House, one Representative appointed by the
House Minority Leader, one Senator appointed by the President
of the Senate, and one Senator appointed by the Senate
Minority Leader, each to serve at the pleasure of the
appointing authority.

HB5470 Enrolled - 32 - LRB104 19493 HLH 32941 b
(d) Members shall receive no compensation, but may be
reimbursed for necessary expenses from appropriations to the
Department available for that purpose.
(e) The Board may adopt rules under the Illinois
Administrative Procedure Act.
(f) A quorum of the Board is at least 3 voting members, and
the affirmative vote of at least 3 voting members is required
for Board decisions and adoption of rules.
(g) The Department shall provide staff and administrative
assistance to the Board.
(h) By January 31 December 31 of each year, the Board shall
file an annual report with the Governor and the General
Assembly concerning the Initiative, grants awarded, and
grantees and making recommendations for any changes needed to
enhance the effectiveness of the Initiative.
(Source: P.A. 96-37, eff. 7-13-09.)
Section 30. The Build Illinois Act is amended by changing
Sections 9-9 and 10-9 as follows:
(30 ILCS 750/9-9) (from Ch. 127, par. 2709-9)
Sec. 9-9. Annual Report. On January 31 January 1 of each
year, the Department shall report on its operations of the
Illinois Capital Revolving Loan Fund and the Illinois Equity
Fund for the preceding fiscal year to the Governor and the
General Assembly.

HB5470 Enrolled - 33 - LRB104 19493 HLH 32941 b
(Source: P.A. 84-109.)
(30 ILCS 750/10-9) (from Ch. 127, par. 2710-9)
Sec. 10-9. Report. On January 31 January 1 of each year,
the Department shall report on its operation of the Fund for
the preceding fiscal year to the Governor and the General
Assembly.
(Source: P.A. 84-109.)
Section 35. The Illinois Income Tax Act is amended by
changing Section 242 as follows:
(35 ILCS 5/242)
Sec. 242. Music and Musicians Tax Credits and Jobs Act.
Taxpayers who have been awarded a credit under the Music and
Musicians Tax Credits and Jobs Act are entitled to a credit
against the taxes imposed by subsections (a) and (b) of
Section 201 of this Act in an amount determined by the
Department of Commerce and Economic Opportunity under that
Act. The credit shall be claimed for in the taxable year in
which the tax credit award certificate is issued, and the
certificate shall be attached to the return. If the taxpayer
is a partnership or Subchapter S corporation, the credit shall
be allowed to the partners or shareholders in accordance with
the provisions of Section 251.
The credit may not reduce the taxpayer's liability to less

HB5470 Enrolled - 34 - LRB104 19493 HLH 32941 b
than zero. If the amount of the credit exceeds the tax
liability for the year, the excess may be carried forward and
applied to the tax liability of the 5 taxable years following
the excess credit year. The credit shall be applied to the
earliest year for which there is a tax liability. If there are
credits from more than one tax year that are available to
offset a liability, the earlier credit shall be applied first.
(Source: P.A. 103-592, Article 52, Section 52-5, eff. 6-7-24;
104-417, eff. 8-15-25.)
Section 37. The Music and Musicians Tax Credit and Jobs
Act is amended by changing Sections 50-10, 50-15, 50-35,
50-40, and 50-45 as follows:
(35 ILCS 19/50-10)
Sec. 50-10. Definitions. As used in this Act:
"Department" means the Department of Commerce and Economic
Opportunity.
"Expenditure in the State" means (i) an expenditure to
acquire, from a source within the State, property that is
subject to tax under the Use Tax Act, the Service Use Tax Act,
the Service Occupation Tax Act, or the Retailers' Occupation
Tax Act or (ii) an expenditure for compensation for services
performed within the State that is subject to State income tax
under the Illinois Income Tax Act.
"Illinois labor expenditure" means gross salary or wages,

HB5470 Enrolled - 35 - LRB104 19493 HLH 32941 b
including, but not limited to, taxes, benefits, and any other
consideration incurred or paid to artist employees of the
applicant for services rendered to and on behalf of the
qualified music company, provided that the expenditure is:
(1) incurred or paid by the applicant on or after the
effective date of this Act for services related to any
portion of a qualified music company from rehearsals,
performances, and any other qualified music company
related activities;
(2) limited to the first $100,000 of wages incurred or
paid to each employee of a qualified music production in
each calendar tax year;
(3) paid in the calendar year of the State-certified
production tax year for which the applicant is seeking
claiming the tax credit award;
(4) paid to persons residing in Illinois at the time
payments were made; and
(5) reasonable under the circumstances.
"Qualified music company" means an entity that (i) is
authorized to do business in Illinois, (ii) is engaged
directly or indirectly in the production, distribution, or
promotion of music, (iii) is certified by the Department as
meeting the eligibility requirements of this Act, and (iv) has
executed a contract with the Department providing the terms
and conditions for its participation.
"Qualified music company payroll" or "QMC payroll" means

HB5470 Enrolled - 36 - LRB104 19493 HLH 32941 b
wages reported by the qualified music company in box 1 of each
W-2 form prepared for an employee of the qualified music
company who is an Illinois resident.
"Resident copyright" means the copyright of a musical
composition written by an Illinois resident or owned by an
Illinois-domiciled music company, as evidenced by documents of
ownership, including, but not limited to, registration with
the United States Copyright Office.
"Sound recording" means a recording of music, poetry, or a
spoken-word performance made, in whole or in part, in
Illinois. "Sound recording" does not include the audio
portions of dialogue or words spoken and recorded as part of
television news coverage or athletic events.
"Sound recording production company" means a company
engaged in the business of producing sound recordings. "Sound
recording production company" does not include any person or
company, or any company owned, affiliated, or controlled, in
whole or in part, by any company or person, that is in default
on a loan made by the State or a loan guaranteed by the State,
nor which has ever declared bankruptcy under which an
obligation of the company or person to pay or repay public
funds or moneys was discharged as a part of the bankruptcy.
"State-certified production" means a sound recording
production, or a series of productions, including, but not
limited to, master and demonstration recordings, occurring
over the course of a 12-month period, and the base

HB5470 Enrolled - 37 - LRB104 19493 HLH 32941 b
production-related investment that is approved by the
Department after receipt by the Department of a complete
application for initial certification of a production.
"Tax credit award" means the issuance to a taxpayer by the
Department of a tax credit award against the taxes imposed by
subsections (a) and (b) of Section 201 of the Illinois Income
Tax Act as provided in this Act.
(Source: P.A. 103-592, eff. 6-7-24; 103-1055, eff. 12-20-24.)
(35 ILCS 19/50-15)
Sec. 50-15. Powers of the Department. The Department, in
addition to those powers granted under the Civil
Administrative Code of Illinois, is granted and has all the
powers necessary or convenient to carry out and effectuate the
purposes and provisions of this Act, including, but not
limited to, the power and authority to:
(1) adopt rules that are necessary and appropriate for
the administration of this Act;
(2) establish forms for applications, notifications,
contracts, or any other agreements with respect to tax
credits under this Act and to accept applications for tax
credits under this Act at any time during the year;
(3) assist applicants for tax credits under this Act
to promote, foster, and support sound recording and live
theater development and production and its related job
creation or retention within the State;

HB5470 Enrolled - 38 - LRB104 19493 HLH 32941 b
(4) gather information and conduct inquiries, as
provided in this Act, required for the Department to
comply with the provisions of this Act and, without
limitation, to obtain information with respect to
applicants for the purpose of making any designations or
certifications necessary or desirable to assist the
Department with any recommendation or guidance in the
furtherance of the purposes of this Act and relating to
applicants' participation in training, education, and
recruitment programs that are organized in cooperation
with Illinois colleges and universities or labor
organizations designed to promote and encourage the
training and hiring of Illinois residents who represent
the diversity of the Illinois population;
(5) provide for sufficient personnel to permit
administrative, staffing, operating, and related support
required to adequately discharge the Department's duties
and responsibilities under this Act from funds as may be
appropriated by the General Assembly for the
administration of this Act; and
(6) require that the applicant at all times keep
proper books and records of accounts relating to the tax
credit award, in accordance with generally accepted
accounting principles consistently applied, and make those
books and records available for reasonable Department
inspection and audit, upon reasonable written request by

HB5470 Enrolled - 39 - LRB104 19493 HLH 32941 b
the Department, during the applicant's normal business
hours. Any documents or data made available to the
Department or received by the Department from the
applicant by any agent, employee, officer, or service
provider shall be deemed confidential and shall not
constitute public records to the extent that the documents
or data consist of commercial or financial information
regarding the operation by the applicant of any qualified
music company theater or any accredited music theater
production or any recipient of any tax credit award under
this Act.
(Source: P.A. 103-592, eff. 6-7-24.)
(35 ILCS 19/50-35)
Sec. 50-35. Issuance of tax credit award certificate.
(a) In order to qualify for a tax credit award under this
Act, an applicant must file an application for each qualified
music company at each of the applicant's qualified facilities,
on forms prescribed by the Department, providing information
necessary to calculate the tax credit award and any additional
information as reasonably required by the Department.
(b) Upon satisfactory review of the application, the
Department shall issue a tax credit award certificate stating
the amount of the tax credit award to which the applicant is
entitled for that calendar tax year and shall
contemporaneously notify the applicant and the Department of

HB5470 Enrolled - 40 - LRB104 19493 HLH 32941 b
Revenue.
(c) For calendar tax years beginning on or after January
1, 2026, January 1, 2025, a taxpayer who has been awarded a tax
credit under paragraph (b) of this Section is entitled to a
credit against the taxes imposed under subsections (a) and (b)
of Section 201 of the Illinois Income Tax Act.
(Source: P.A. 103-592, eff. 6-7-24.)
(35 ILCS 19/50-40)
Sec. 50-40. Amount and payment of the tax credit award.
(a) For calendar taxable years beginning on or after
January 1, 2026, January 1, 2025, the Department shall
determine the amount of the tax award under this Act. The award
may not exceed 10% of the Illinois labor expenditures for the
State-certified production if the QMC payroll of the qualified
music company for the calendar taxable year does not exceed
$150,000 or 15% of the Illinois labor expenditures for the
State-certified production if the QMC payroll of the qualified
music company for the calendar taxable year exceeds $150,000,
plus all of the following:
(1) an additional 15% of the Illinois labor
expenditures for the State-certified production generated
by the employment of Illinois residents in geographic
areas of high poverty or high unemployment in each
calendar tax year, as determined by the Department; and
(2) an additional 7% of the Illinois labor

HB5470 Enrolled - 41 - LRB104 19493 HLH 32941 b
expenditures for the State-certified production generated
by the employment of individuals who are employed at a
wage of no less than the general prevailing hourly rate as
paid for work of a similar character in the locality in
which the work is performed; and
(3) an additional 7% of the Illinois labor
expenditures for the State-certified production incurred
by a qualified music company and spent on post-production
sound recording for television or film work completed in
Illinois.
(b) To the extent that the base investment by a qualified
music company is expended on a sound recording production of a
resident copyright, the investor shall be allowed an
additional 10% increase in the base investment rate.
(c) The aggregate amount of credits certified for all
investors pursuant to this Section during any calendar year
shall not exceed $2,000,000. No more than $200,000 in tax
credits may be granted per calendar year for any single
qualified music company.
(d) A business is eligible for participation in the
program if the business meets all of the following criteria:
(1) The business is engaged directly or indirectly in
the production, distribution, and promotion of music.
(2) The business is approved by the Director of
Commerce and Economic Opportunity.
(e) Upon approval of a tax credit award under this Act, the

HB5470 Enrolled - 42 - LRB104 19493 HLH 32941 b
Department shall issue a tax credit certificate to the
applicant.
(Source: P.A. 103-592, eff. 6-7-24; 103-1055, eff. 12-20-24.)
(35 ILCS 19/50-45)
Sec. 50-45. Qualified music program evaluation and
reports.
(a) (Blank).
The Department may make a recommendation to extend,
modify, or not extend the program based on the evaluation.
(b) (Blank).
(c) On or before June 1 of each At the end of each fiscal
year, the Department shall submit to the General Assembly a
report for the prior calendar year that includes, without
limitation:
(1) the identification of each vendor that provided
goods or services that were included in a qualified music
company's Illinois spending;
(2) a statement of the amount paid to each identified
vendor by the qualified music program and whether the
vendor is a minority-owned or women-owned business as
defined in Section 2 of the Business Enterprise for
Minorities, Women, and Persons with Disabilities Act; and
(3) a description of the steps taken by the Department
to encourage qualified music companies to use vendors who
are minority-owned or women-owned businesses.

HB5470 Enrolled - 43 - LRB104 19493 HLH 32941 b
(Source: P.A. 103-592, eff. 6-7-24; 103-1055, eff. 12-20-24;
104-283, eff. 8-15-25.)
Section 40. The Southeastern Illinois Economic Development
Authority Act is amended by changing Section 20 as follows:
(70 ILCS 518/20)
Sec. 20. Creation.
(a) There is created a political subdivision, body
politic, and municipal corporation named the Southeastern
Illinois Economic Development Authority. The territorial
jurisdiction of the Authority is that geographic area within
the boundaries of the following counties: Fayette, Cumberland,
Clark, Effingham, Jasper, Crawford, Marion, Clay, Richland,
Lawrence, Jefferson, Wayne, Edwards, Wabash, Hamilton, and
White; Irvington Township in Washington County; and any
navigable waters and air space located therein.
(b) The governing and administrative powers of the
Authority shall be vested in a body consisting of 26 public 27
members and one ex officio member, as follows:
(1) Public members. Nine members shall be appointed by
the Governor with the advice and consent of the Senate.
The county board chairmen of the following counties shall
each appoint one member: Clark, Clay, Crawford,
Cumberland, Edwards, Effingham, Fayette, Hamilton, Jasper,
Jefferson, Lawrence, Marion, Richland, Wabash, Washington,

HB5470 Enrolled - 44 - LRB104 19493 HLH 32941 b
Wayne, and White.
(2) Ex officio member. The Director of Commerce and
Economic Opportunity or the Director's designee shall
serve as an ex officio member. One member shall be
appointed by the Director of Commerce and Economic
Opportunity.
All public members shall reside within the territorial
jurisdiction of the Authority. The public members shall be
persons of recognized ability and experience in one or more of
the following areas: economic development, finance, banking,
industrial development, state or local government, commercial
agriculture, small business management, real estate
development, community development, venture finance, organized
labor, or civic or community organization.
(c) Fourteen members shall constitute a quorum, and the
Board may not meet or take any action without a quorum present.
(d) The chairman of the Authority shall be elected
annually by the Board.
(e) The terms of the initial members of the Authority
shall begin 30 days after the effective date of this Act. Of
the 10 original members appointed by the Governor and the
Director of Commerce and Economic Opportunity pursuant to
subsection (b), one shall serve until the third Monday in
January, 2005; one shall serve until the third Monday in
January, 2006; 2 shall serve until the third Monday in
January, 2007; 2 shall serve until the third Monday in

HB5470 Enrolled - 45 - LRB104 19493 HLH 32941 b
January, 2008; 2 shall serve until the third Monday in
January, 2009; and 2 shall serve until the third Monday in
January, 2010. The terms of the initial public members of the
Authority appointed by the county board chairmen shall begin
30 days after the effective date of this amendatory Act of the
97th General Assembly. The terms of the initial public members
appointed by the county board chairmen shall be determined by
lot, according to the following schedule: (i) 4 shall serve
until the third Monday in January, 2013, (ii) 4 shall serve
until the third Monday in January, 2014, (iii) 3 shall serve
until the third Monday in January, 2015, (iv) 3 shall serve
until the third Monday in January, 2016, and (v) 3 shall serve
until the third Monday in January, 2017. All successors to
these initial members shall be appointed by the original
appointing authority pursuant to subsection (b), and shall
hold office for a term of 3 years commencing the third Monday
in January of the year in which their term commences, except in
the case of an appointment to fill a vacancy. Vacancies
occurring among the members shall be filled for the remainder
of the term. In case of a vacancy in a Governor-appointed
membership when the Senate is not in session, the Governor may
make a temporary appointment until the next meeting of the
Senate when a person shall be nominated to fill the office and,
upon confirmation by the Senate, he or she shall hold office
during the remainder of the term and until a successor is
appointed and qualified. Members of the Authority are not

HB5470 Enrolled - 46 - LRB104 19493 HLH 32941 b
entitled to compensation for their services as members but are
entitled to reimbursement for all necessary expenses incurred
in connection with the performance of their duties as members.
Members of the Board may participate in Board meetings by
teleconference or video conference.
(f) The Governor may remove any public member of the
Authority appointed by the Governor, and the Director of
Commerce and Economic Opportunity may remove any member
appointed by the Director, in case of incompetence, neglect of
duty, or malfeasance in office. The chairman of a county
board, with the approval of a majority vote of the county
board, may remove any public member appointed by that chairman
in the case of incompetence, neglect of duty, or malfeasance
in office.
(g) The Board shall appoint an Executive Director who
shall have a background in finance, including familiarity with
the legal and procedural requirements of issuing bonds, real
estate, or economic development and administration. The
Executive Director shall hold office at the discretion of the
Board. The Executive Director shall be the chief
administrative and operational officer of the Authority, shall
direct and supervise its administrative affairs and general
management, perform such other duties as may be prescribed
from time to time by the members, and receive compensation
fixed by the Authority. The Executive Director shall attend
all meetings of the Authority. However, no action of the

HB5470 Enrolled - 47 - LRB104 19493 HLH 32941 b
Authority shall be invalid on account of the absence of the
Executive Director from a meeting. The Authority may engage
the services of the Illinois Finance Authority, attorneys,
appraisers, engineers, accountants, credit analysts, and other
consultants, if the Southeastern Illinois Economic Development
Authority deems it advisable.
(Source: P.A. 103-517, eff. 8-11-23.)
Section 45. The Broadband Advisory Council Act is amended
by changing Section 20 as follows:
(220 ILCS 80/20)
Sec. 20. Powers and duties of the Council generally.
(a) The Council shall:
(1) explore any and all ways to expand the
availability to end-user customers of broadband services
using available technologies, including, but not limited
to, wireline, wireless, fixed wireless, and satellite
applications;
(2) identify barriers to broadband adoption among the
residents and small businesses of Illinois;
(3) research ways to eliminate barriers to adoption
through measures such as: digital literacy programs;
programs to assist older citizens in using broadband
Internet access; programs to facilitate adoption by
disabled citizens; and programs to encourage collaborative

HB5470 Enrolled - 48 - LRB104 19493 HLH 32941 b
efforts among public universities, community colleges,
libraries, public housing, and other institutions;
(4) assess the availability of broadband for
low-income households compared to the availability of
broadband for other households;
(5) explore the potential for increased use of
broadband service for the purposes of education, career
readiness, workforce preparation, and alternative career
training;
(6) explore the potential for increased use of
broadband services to facilitate aging in place;
(7) explore ways for encouraging State and municipal
agencies, including public housing authorities, to expand
the use of broadband services for the purpose of better
serving the public, including audio and video streaming,
voice-over Internet protocol, teleconferencing, and
wireless networking;
(8) cooperate and assist in the expansion of
electronic instruction and distance education services;
(9) as the Federal Communications Commission updates
the benchmark downstream data rates and upstream data
rates, publish the revised data rates in the Illinois
Register within 60 days after the federal update; and
(10) evaluate the expansion of the Illinois Century
Network to Illinois public schools, public libraries, and
State-owned correctional institutions or facilities,

HB5470 Enrolled - 49 - LRB104 19493 HLH 32941 b
including issuing recommendations for increasing agency
staffing, infrastructure development, price modeling, and
providing download speeds of at least one gigabyte per
second and upload speeds of at least one gigabyte per
second.
(b) In addition to the powers set forth elsewhere in this
Act, the Council is hereby granted the powers necessary to
carry out the purpose and intent of this Act, as enumerated in
this Section, including, but not limited to:
(1) promoting awareness of public facilities that have
community broadband access that can be used for distance
education and workforce development; and
(2) advising on deployment of e-government portals
such that all public bodies and political subdivisions
have websites and encourage one-stop government access and
that all public entities stream audio and video of all
public meetings.
(c) The Council shall also:
(1) monitor the broadband-based development efforts of
other states in areas such as business, education, aging
in place, and health;
(2)receive input provided on a voluntary basis from
all Illinois broadband stakeholders and advise the
Governor and the General Assembly on policies related to
broadband in Illinois, provided that no stakeholders shall
be required to publicly disclose competitively sensitive

HB5470 Enrolled - 50 - LRB104 19493 HLH 32941 b
information or information that could compromise network
security or undermine the efficacy of reasonable network
management practices, and that any such information
voluntarily disclosed shall be protected from public
disclosure; and
(3) serve as the broadband advocate to State agencies
and other State entities to communicate the broadband
needs of citizens and organizations that do not have
access to broadband service or to broadband service
adequate for their needs.
(d) The Council shall exercise its powers and authority to
(1) advise and make recommendations to the General Assembly
and the Governor on bringing broadband service to unserved and
underserved rural and urban areas and improving broadband
service statewide, (2) advise and make recommendations to the
General Assembly and the Governor on facilitating broadband
adoption by all citizens, and (3) propose statutory changes
that may enhance and expand broadband in the State.
(e) The Council shall report to the General Assembly on or
before January 31 January 1 of each year. The report to the
General Assembly shall be filed with the Clerk of the House of
Representatives and the Secretary of the Senate in electronic
form only, in the manner that the Clerk and the Secretary shall
direct. The report shall include the action that was taken by
the Council during the previous year in carrying out the
provisions of this Act. The Council shall also make any other

HB5470 Enrolled - 51 - LRB104 19493 HLH 32941 b
reports as may be required by the General Assembly or the
Governor.
(Source: P.A. 103-483, eff. 8-4-23.)
Section 50. The Energy Assistance Act is amended by
changing Section 5 as follows:
(305 ILCS 20/5) (from Ch. 111 2/3, par. 1405)
Sec. 5. Policy Advisory Council.
(a) Within the Department of Commerce and Economic
Opportunity is created a Low Income Energy Assistance Policy
Advisory Council.
(b) The Council shall be chaired by the Director of
Commerce and Economic Opportunity or his or her designee.
There shall be 17 19 members of the Low Income Energy
Assistance Policy Advisory Council, including the chairperson
and the following members:
(1) one member designated by the Illinois Commerce
Commission;
(2) (blank);
(3) one member designated by the Illinois Energy
Association to represent electric public utilities serving
in excess of 1 million customers in this State;
(4) one member agreed upon by gas public utilities
that serve more than 500,000 and fewer than 1,500,000
customers in this State;

HB5470 Enrolled - 52 - LRB104 19493 HLH 32941 b
(5) one member agreed upon by gas public utilities
that serve 1,500,000 or more customers in this State;
(6) one member designated by the Illinois Energy
Association to represent combination gas and electric
public utilities;
(7) one member agreed upon by the Illinois Municipal
Electric Agency and the Association of Illinois Electric
Cooperatives;
(8) one member agreed upon by the Illinois Industrial
Energy Consumers;
(9) three members designated by the Department to
represent low income energy consumers;
(10) two members designated by the Illinois Community
Action Association to represent local agencies that assist
in the administration of this Act;
(11) one member designated by the Citizens Utility
Board to represent residential energy consumers;
(12) (blank); one member designated by the Illinois
Retail Merchants Association to represent commercial
energy customers;
(13) (blank); one member designated by the Department
to represent independent energy providers; and
(14) three members designated by the Mayor of the City
of Chicago.
(c) Designated and appointed members shall serve 2 year
terms and until their successors are appointed and qualified.

HB5470 Enrolled - 53 - LRB104 19493 HLH 32941 b
The designating organization shall notify the chairperson of
any changes or substitutions of a designee within 10 business
days of a change or substitution. Members shall serve without
compensation, but may receive reimbursement for actual costs
incurred in fulfilling their duties as members of the Council.
(d) The Council shall have the following duties:
(1) to monitor the administration of this Act to
ensure effective, efficient, and coordinated program
development and implementation;
(2) to assist the Department in developing and
administering rules and regulations required to be
promulgated pursuant to this Act in a manner consistent
with the purpose and objectives of this Act;
(3) to facilitate and coordinate the collection and
exchange of all program data and other information needed
by the Department and others in fulfilling their duties
pursuant to this Act;
(4) to advise the Department on the proper level of
support required for effective administration of the Act;
(5) to provide a written opinion concerning any
regulation proposed pursuant to this Act, and to review
and comment on any energy assistance or related plan
required to be prepared by the Department;
(6) to advise the Department on the use of funds
collected pursuant to Section 11 of this Act, and on any
changes to existing low income energy assistance programs

HB5470 Enrolled - 54 - LRB104 19493 HLH 32941 b
to make effective use of such funds, so long as such uses
and changes are consistent with the requirements of the
Act.
(Source: P.A. 97-916, eff. 8-9-12.)
Section 55. The Cannabis Regulation and Tax Act is amended
by changing Section 7-15 as follows:
(410 ILCS 705/7-15)
Sec. 7-15. Loans and grants to Social Equity Applicants.
(a) The Department of Commerce and Economic Opportunity
shall establish grant and loan programs, subject to
appropriations from the Cannabis Business Development Fund,
for the purposes of providing financial assistance, loans,
grants, and technical assistance to Social Equity Applicants.
(b) The Department of Commerce and Economic Opportunity
has the power to:
(1) provide Cannabis Social Equity loans and grants
from appropriations from the Cannabis Business Development
Fund to assist Qualified Social Equity Applicants in
gaining entry to, and successfully operating in, the
State's regulated cannabis marketplace;
(2) enter into agreements that set forth terms and
conditions of the financial assistance, accept funds or
grants, and engage in cooperation with private entities
and agencies of State or local government to carry out the

HB5470 Enrolled - 55 - LRB104 19493 HLH 32941 b
purposes of this Section;
(3) fix, determine, charge, and collect any premiums,
fees, charges, costs and expenses, including application
fees, commitment fees, program fees, financing charges, or
publication fees in connection with its activities under
this Section;
(4) coordinate assistance under these loan programs
with activities of the Illinois Department of Financial
and Professional Regulation, the Illinois Department of
Agriculture, and other agencies as needed to maximize the
effectiveness and efficiency of this Act;
(5) provide staff, administration, and related support
required to administer this Section;
(6) take whatever actions are necessary or appropriate
to protect the State's interest in the event of
bankruptcy, default, foreclosure, or noncompliance with
the terms and conditions of financial assistance provided
under this Section, including the ability to recapture
funds if the recipient is found to be noncompliant with
the terms and conditions of the financial assistance
agreement;
(7) establish application, notification, contract, and
other forms, procedures, or rules deemed necessary and
appropriate; and
(8) utilize vendors or contract work to carry out the
purposes of this Act.

HB5470 Enrolled - 56 - LRB104 19493 HLH 32941 b
(c) Loans made under this Section:
(1) shall only be made if, in the Department's
judgment, the project furthers the goals set forth in this
Act; and
(2) shall be in such principal amount and form and
contain such terms and provisions with respect to
security, insurance, reporting, delinquency charges,
default remedies, and other matters as the Department
shall determine appropriate to protect the public interest
and to be consistent with the purposes of this Section.
The terms and provisions may be less than required for
similar loans not covered by this Section.
(d) Grants made under this Section shall be awarded on a
competitive and annual basis under the Grant Accountability
and Transparency Act. Grants made under this Section shall
further and promote the goals of this Act, including promotion
of Social Equity Applicants, job training and workforce
development, and technical assistance to Social Equity
Applicants.
(e) On or before January 31 of Beginning January 1, 2021
and each year thereafter, the Department shall annually report
to the Governor and the General Assembly on the outcomes and
effectiveness of this Section that shall include the
following:
(1) the number of persons or businesses receiving
financial assistance under this Section;

HB5470 Enrolled - 57 - LRB104 19493 HLH 32941 b
(2) the amount in financial assistance awarded in the
aggregate, in addition to the amount of loans made that
are outstanding and the amount of grants awarded;
(3) the location of the project engaged in by the
person or business; and
(4) if applicable, the number of new jobs and other
forms of economic output created as a result of the
financial assistance.
(f) The Department of Commerce and Economic Opportunity
shall include engagement with individuals with limited English
proficiency as part of its outreach provided or targeted to
attract and support Social Equity Applicants.
(Source: P.A. 101-27, eff. 6-25-19; 101-593, eff. 12-4-19.)
Section 99. Effective date. This Act takes effect upon
becoming law.