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20 ILCS 686/25

Review of application

Known as the Reimagining Energy and Vehicles in Illinois Act

The act spans §§ 20-686-1 to 20-686-999 (33 sections).

P.A. 102-669, eff. 11-16-21.

The Department shall determine which projects will benefit the State. In making its recommendation that an applicant's application for credit should or should not be accepted, which shall occur within a reasonable time frame as determined by the nature of the application, the Department shall determine that all the following conditions exist: (1) the applicant intends to make the required investment in the State and intends to hire the required number of full-time employees; (2) the applicant's project is economically sound, will benefit the people of the State by increasing opportunities for employment, and will strengthen the economy of the State; (3) awarding the credit will result in an overall positive fiscal impact to the State, as certified by the Department using the best available data; and (4) the credit is not prohibited under this Act.

Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.