Illinois Administrative Code
Title 14 - COMMERCE
Part 520 - ENTERPRISE ZONE AND HIGH IMPACT BUSINESS PROGRAMS
Subpart B - ENTERPRISE ZONE: APPLICATION FOR CERTIFICATION
Section 520.240 - Joint Application

Universal Citation: 14 IL Admin Code ยง 520.240

Current through Register Vol. 48, No. 12, March 22, 2024

a) Joint Application. Under a joint application, two or more local governments are the applicants and share responsibility for operation of the Enterprise Zone. Other units of government may participate by offering or supplementing tax incentives and other benefits available in the Enterprise Zone. Submission of a joint application is required in those instances where the proposed Enterprise Zone covers portions of more than one county or municipality. b) Enabling Ordinance for Joint Applicants. A joint application must be supported by enabling ordinances passed by participating units of local government in accordance with Section 5(a) and (b) of the Act.

b) Enabling Ordinance for Joint Applicants. A joint application must be supported by enabling ordinances passed by participating units of local government in accordance with Section 5(a) and (b) of the Act.

c) Intergovernmental Agreement for Joint Applicants. An intergovernmental agreement signed and approved by all joint applicants shall be executed and submitted as a part of the joint application package. The intergovernmental agreement shall include:

1) Duration. The duration of the Enterprise Zone;

2) Description. A description of the Enterprise Zone;

3) Incentives. The provisions for the tax incentives, programs, and other benefits to be offered;

4) Zone Administrator. A provision for the position of Zone Administrator, and a description of the responsibilities of the position and the selection process;

5) Management Structure. A management structure for the operation of the Enterprise Zone; and

6) Designated Zone Organizations (DZO). The methods of selecting Designated Zone Organizations and coordinating their activities with each designating unit of government.

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