SB2275 amends the Invest in Illinois Act to require additional notifications and objections to incentive agreements.

SB2275 amends the Invest in Illinois Act by requiring the Department to notify the Minority Leader of the Senate and the Minority Leader of the House of Representatives when awards are nearing final approval. These leaders, or their designees, can object to agreements within two days of notification. The bill also mandates that agreements cannot take effect or allow fund transfers if objections are submitted. The act takes effect immediately upon becoming law.

SB2275 amends the Invest in Illinois Act to require additional notifications and objections to incentive agreements.

SB2275 amends the Invest in Illinois Act by requiring the Department to notify the Minority Leader of the Senate and the Minority Leader of the House of Representatives when awards are nearing final approval. These leaders, or their designees, can object to agreements within two days of notification. The bill also mandates that agreements cannot take effect or allow fund transfers if objections are submitted. The act takes effect immediately upon becoming law.