Illinois Compiled Statutes 20 ILCS 605/605-1005 – Technology transfer incentives
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Terms Used In Illinois Compiled Statutes 20 ILCS 605/605-1005
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
The Department may, subject to appropriation, create financial incentive and grant programs to encourage private companies to share their new energy technologies with public institutions of higher education, public utilities, electric cooperatives, State agencies, and federal agencies. For the purposes of this Section, “public institutions of higher education” has the same meaning as under Section 1 of the Board of Higher Education Act; “public utility” has the same meaning as under § 3-105 of the Public Utilities Act; “electric cooperative” has the same meaning as under § 3-119 of the Public Utilities Act; “State agency” has the same meaning as under Section 1-10 of the Illinois Administrative Procedure Act; and “federal agency” has the same meaning ascribed to the term “agency” under Section 551 of the federal Administrative Procedure Act.