Bill Amendment: IL SB1982 | 2021-2022 | 102nd General Assembly

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: DCEO-CORONAVIRUS RELIEF

Status: 2021-04-22 - Added as Co-Sponsor Sen. Brian W. Stewart [SB1982 Detail]

Download: Illinois-2021-SB1982-Senate_Amendment_001.html

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Sen. Laura Fine

Filed: 3/31/2021

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AMENDMENT TO SENATE BILL 1982
AMENDMENT NO. ______. Amend Senate Bill 1982 by replacing
everything after the enacting clause with the following:
"Section 5. The Department of Commerce and Economic
Opportunity Law of the Civil Administrative Code of Illinois
is amended by adding Section 605-1055 as follows:
(20 ILCS 605/605-1055 new)
Sec. 605-1055. Coronavirus relief small business grants.
(a) Of the federal funds received by the State for
purposes related to the COVID-19 public health emergency, 25%
of any such funds shall be allocated as grants to businesses
with 50 or fewer employees as provided under this Section.
(b) Except as may otherwise be provided under subsection
(c), to be eligible for grants under this Section, a business
must employ 50 or fewer employees and must demonstrate at
least a 25% reduction in gross income from 2019 to 2020.

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(c) Subject to appropriation, the Department shall award
grants to eligible businesses as follows:
(1) Grants in the amount of $10,000 to small
businesses and non-profit organizations with 50 or fewer
employees, having gross revenue over $100,000, that can
demonstrate a 25% reduction in revenue between 2019 and
2020. Such businesses and non-profit organizations in
disadvantaged communities shall receive an additional
$2,500 in funding.
(2) Grants totaling 10% of the revenue loss sustained
between 2019 and 2020 to eligible small businesses and
non-profit organizations whose revenue did not exceed
$100,000 in 2019. Such businesses and non-profit
organizations in disadvantaged communities shall receive
grants totaling 12.5% of that lost revenue.
(3) Grants in the amount of $3,500 to small businesses
and non-profit organizations that commenced operations in
the 3rd and 4th quarter of 2019, and as such, are unable to
demonstrate the requisite loss in revenue from 2019 to
2020. Such businesses and non-profit organizations in
disadvantaged communities shall receive an additional $500
in funding. To be eligible for a grant under this
paragraph (3), a business or non-profit organization must
establish that prior to March 2020 it met at least 3 of the
following criteria: (i) an established website or social
media presence; (ii) an established office space; (iii) an

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established business banking account; (iv) at least
$10,000 in revenue; and (v) at least one full-time
employee.
(d) The Department shall publish the names of the
businesses that are awarded grants under this Section on its
Internet website.
(e) The Department shall adopt all rules necessary for the
implementation of this Section.".