Sec. 524.20 - Definitions

ยง 524.20. Definitions

Act - The River Edge Redevelopment Act [65 ILCS 115 /Art. 10] that creates the River Edge Redevelopment Program.

Agency - Each officer, board, commission, and agency created by the Constitution, in the executive branch of State government, other than the State Board of Elections; each officer, department, board, commission, agency, institution, authority, university, and body politic and corporate of the State; each administrative unit or corporate outgrowth of the State government that is created by or pursuant to statute, other than units of local government and their officers, school districts, and board of election commissioners; and each administrative unit or corporate outgrowth of the above and as may be created by executive order of the Governor. No entity is an "agency" for the purposes of the Act unless the entity is authorized by law to make rules or regulations.

Application - A request for program funds, including the required information and attachments.

Bondable Capital Improvements - As defined under 71 Ill. Adm. Code 50 and undertaken by a business organization, not-for-profit corporation or local government.

Business Organization - Any for-profit sole proprietorship, limited partnership, co-partnership, joint venture, corporation, or cooperative.

Department - The Illinois Department of Commerce and Economic Opportunity.

Designated Zone Organization - An association or entity:

The members of which are substantially all residents of the River Edge Redevelopment Zone;

The Board of Directors of which is elected by the members of the organization;

That satisfies the criteria set forth in section 501(c)(3) or 501(c)(4) of the Internal Revenue Code ( 26 USC 501(c)(3) or (4)); and

That exists primarily for the purpose of performing within the area or

Zone for the benefit of the residents and businesses in the area or Zone any of the functions set forth in Section 8 of the Act [65 ILCS 115/10-8].

Grant - Funds that require no repayment to be used by a qualified applicant.

Local Government - Any unit of local government as defined in Article VII, Section 1 of the 1970 Illinois Constitution.

Minority Person, Female, and Person with a Disability - Have the meanings set forth under Section 2 of the Business Enterprise for Minorities, Females and Persons with Disabilities Act [30 ILCS 575/2].

Not-for-Profit Corporation - A corporation incorporated pursuant to the General Not For Profit Corporation Act of 1986 [805 ILCS 105] and in good standing with the Illinois Secretary of State.

Program - River Edge Redevelopment Grant Program.

Qualified Applicants - Local governments, not-for-profit corporations, and business organizations.

Redevelopment Project - An endeavor undertaken, during a specified time period, to improve cleared or undeveloped land, including, but not limited to, erection of buildings and other facilities by public or private entities, and site improvements installed by a local government in order to prepare the land for disposition to developers.

Recipient - Any eligible applicant receiving funds under this program.

River Edge Redevelopment Zone or Zone - An area of the State certified by the Department as a River Edge Redevelopment Zone, pursuant to the Act.

Rule - Each agency statement of general applicability that implements, applies, interprets, or prescribes law or policy, but does not include statements concerning only the internal management of an agency and not affecting rights or procedures available to persons or entities outside the agency; intra-agency memoranda; or the prescription of standardized forms.

Veteran - An Illinois resident who is a veteran as defined in 10 USC 1491(h).

(

Amended at 38 Ill. Reg. 3350, effective January 15, 2014

)

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