Illinois SB2663 allocates $10,000,000 from the General Revenue Fund to the Illinois Investment and Development Authority.
Illinois SB2663 appropriates $10,000,000 from the General Revenue Fund to the Illinois Investment and Development Authority. The funds are designated for grants and lending activities aimed at community development financial institutions and other eligible entities. This allocation supports the purposes and activities authorized by the Illinois Investment and Development Authority Act, effective July 1, 2025.
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