Establishes STAR bond districts and projects to stimulate economic development in Illinois.
The bill creates STAR bond districts and projects to promote economic development in Illinois. It outlines criteria for establishing STAR bond districts, including minimum investment and job creation requirements. It also details the process for approving STAR bond projects, including feasibility studies and public hearings. The bill defines terms such as "STAR bond," "STAR bond district," and "project costs." It specifies that STAR bonds can be used to finance various project costs and that the proceeds are to be used only for those costs.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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