Illinois Compiled Statutes 20 ILCS 665/8b – Municipal convention center and sports facility attraction grants
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(a) Until July 1, 2022, the Department is authorized to make grants, subject to appropriation by the General Assembly, from the Tourism Promotion Fund to a unit of local government or convention center authority that provides incentives, as defined in subsection (i) of Section 3 of this Act, for the purpose of attracting conventions, meetings, and trade shows to municipal convention centers or attracting sporting events to municipal amateur sports facilities. Grants awarded under this Section shall be based on the net proceeds received under the Hotel Operators’ Occupation Tax Act for the renting, leasing, or letting of hotel rooms in the municipality in which the municipal convention center or municipal amateur sports facility is located for the month in which the convention, meeting, trade show, or sporting event occurs. Grants shall not exceed 80% of the incentive amount provided by the unit of local government or convention center authority. Further, in no event may the aggregate amount of grants awarded with respect to a single municipal convention center or municipal amateur sports facility exceed $200,000 in any calendar year. The Department may, by rule, require any other provisions it deems necessary in order to protect the State‘s interest in administering this program.
(b) No later than May 15 of each year, through May 15, 2022, the unit of local government or convention center authority shall certify to the Department the amounts of funds expended in the previous calendar year to provide qualified incentives; however, in no event may the certified amount pursuant to this paragraph exceed $200,000 with respect to any municipal convention center or municipal amateur sports facility in any calendar year. The unit of local government or convention center authority shall certify (A) the net proceeds received under the Hotel Operators’ Occupation Tax Act for the renting, leasing, or letting of hotel rooms in the municipality for the month in which the convention, meeting, or trade show occurs and (B) the average of the net proceeds received under the Hotel Operators’ Occupation Tax Act for the renting, leasing, or letting of hotel rooms in the municipality for the same month in the 3 immediately preceding years. The unit of local government or convention center authority shall include the incentive amounts as part of its regular audit.
(b-5) Grants awarded to a unit of local government or convention center authority may be made by the Department of Commerce and Economic Opportunity from appropriations for those purposes for any fiscal year, without regard to the fact that the qualification or obligation may have occurred in a prior fiscal year.
(c) The Department shall submit a report, which must be provided electronically, on the effectiveness of the program established under this Section to the General Assembly no later than January 1, 2022.
(b) No later than May 15 of each year, through May 15, 2022, the unit of local government or convention center authority shall certify to the Department the amounts of funds expended in the previous calendar year to provide qualified incentives; however, in no event may the certified amount pursuant to this paragraph exceed $200,000 with respect to any municipal convention center or municipal amateur sports facility in any calendar year. The unit of local government or convention center authority shall certify (A) the net proceeds received under the Hotel Operators’ Occupation Tax Act for the renting, leasing, or letting of hotel rooms in the municipality for the month in which the convention, meeting, or trade show occurs and (B) the average of the net proceeds received under the Hotel Operators’ Occupation Tax Act for the renting, leasing, or letting of hotel rooms in the municipality for the same month in the 3 immediately preceding years. The unit of local government or convention center authority shall include the incentive amounts as part of its regular audit.
Terms Used In Illinois Compiled Statutes 20 ILCS 665/8b
- 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
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Month: means a calendar month, and the word "year" a calendar year unless otherwise expressed; and the word "year" alone, is equivalent to the expression "year of our Lord. See Illinois Compiled Statutes 5 ILCS 70/1.10
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- 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
(b-5) Grants awarded to a unit of local government or convention center authority may be made by the Department of Commerce and Economic Opportunity from appropriations for those purposes for any fiscal year, without regard to the fact that the qualification or obligation may have occurred in a prior fiscal year.
(c) The Department shall submit a report, which must be provided electronically, on the effectiveness of the program established under this Section to the General Assembly no later than January 1, 2022.