Section 691.20 Definitions

Section 691.20  Definitions

"Affiliate" means

another business that is at least 50% or more owned or controlled by a person

with at least 50% ownership or control of the Applicant.

"Allowable Expenditure"

means a necessary expenditure that the Department has authorized for

reimbursement under the Program in accordance with Section 691.110.

"Applicant" means a

Qualifying Business that applies for funding under the Program.

"ARPA" means the

American Rescue Plan Act (P.L. 117-2).

"Authorized Representative"

is an individual with legal authority to bind the business or non-profit

organization.

"Business" means a

for-profit enterprise or non-profit organization lawfully conducting business

in Illinois.

"Business district(s)"

means an area containing shops and offices where persons engage in the purchase

and sale of commodities or in related financial transactions.

"COVID-19" means

the

novel coronavirus disease deemed COVID-19 by the World Health Organization on

February 11, 2020

[20 ILCS 605/605-1050(g)(1)].

"COVID-19 Public Health

Emergency" means the Statewide public health emergency declared March 9,

2020, the national public health emergency declared March 13, 2020, and the

major disaster declared in Illinois by the President on March 26, 2020.

"COVID-19 Prevention

Directives" means all state laws, orders, administrative rules and

guidance relevant to and in effect during the COVID-19 Public Health Emergency

that pertain to preventing the spread of COVID-19, including Executive Orders

and preventative guidelines issued by the Illinois Governor, the Illinois

Emergency Management Agency, the Department, or the Illinois Department of

Public Health.

"CSFRF" means the

Coronavirus State Fiscal Recovery Fund as implemented by Section 602 of Title

VI of the federal Social Security Act [42 U.S.C. 802].

"Department" means the

Illinois Department of Commerce and Economic Opportunity

and preventative guidelines issued by the Illinois Governor, the Illinois

Emergency Management Agency, the Department, or the Illinois Department of

Public Health.

"CSFRF" means the

Coronavirus State Fiscal Recovery Fund as implemented by Section 602 of Title

VI of the federal Social Security Act [42 U.S.C. 802].

"Department" means the

Illinois Department of Commerce and Economic Opportunity.

"Disproportionately Impacted

Area" means those zip codes most severely affected by the COVID-19 Public

Health Emergency, to be determined based on positive COVID-19 case per capita

rates, and high rates in at least one of the following poverty-related categories

relative to other zip codes within their region:

share of population consisting of

children age 6 to 17 in households with income less than 125% of the federal

poverty level;

share of population consisting of

adults over age 64 in households with income less than 200% of the federal

poverty level;

share of population in household

with income less than 150% of the federal poverty level; and

share of population consisting of

children ages 5 and under in households with income less than 185% of the

federal poverty level.

"GATA" means the Grant

Accountability and Transparency Act [30 ILCS 708].

"GATA Rule" means 44

Ill. Adm. Code 7000.

"Financial Assistance"

means financial support to an Illinois business in the form of a grant, expense

reimbursement, or subsidy.

“Hard-hit industry” means an

industry that was negatively impacted by the pandemic including the arts, travel,

tourism, and hospitality industries (a full list of hard-hit industries to be

identified by the Department based on COVID-19 impact on each industry, and to

be posted on the Department's website)

pport to an Illinois business in the form of a grant, expense

reimbursement, or subsidy.

“Hard-hit industry” means an

industry that was negatively impacted by the pandemic including the arts, travel,

tourism, and hospitality industries (a full list of hard-hit industries to be

identified by the Department based on COVID-19 impact on each industry, and to

be posted on the Department's website).

“High traffic area” means a

location that is zoned to allow for commercial use and located within 2 blocks

or ¼ mile of a transportation facility (train station, bus station, or intermodal

facility); an educational institution providing on-site, in-person instruction;

or at least two establishments meeting one of the following criteria:  retail

or commercial business offering on-site, in-person services or sales to

customers, or non-profit or government office providing on-site, in-person

services to residents.

“Home-based business" means a

small business that operates from the business owner’s home.

“Independently Owned and Operated”

means, with respect to a business, that the ownership interests, management,

and operation of the business are not subject to control, restriction,

modification, or limitation by a person with no formal role in the operation of

the business.

"Non-Profit Organization"

means an organization which is registered as a not-for-profit corporation with

the Illinois Secretary of State and is registered with the Internal Revenue

Service as a 501(c)(3), 501(c)(6), or as a 501(c)(19) entity.

“Occupy” means to hold in

possession with the legal authority thereof; to hold or keep for use.

"Program" means the

financial assistance funding opportunities administered by the Department and

implemented in this Part.

"Program Participant"

means the business that receives financial assistance under the Program

he Internal Revenue

Service as a 501(c)(3), 501(c)(6), or as a 501(c)(19) entity.

“Occupy” means to hold in

possession with the legal authority thereof; to hold or keep for use.

"Program" means the

financial assistance funding opportunities administered by the Department and

implemented in this Part.

"Program Participant"

means the business that receives financial assistance under the Program.

"Qualifying Business"

means a business or organization that has experienced or is experiencing

business interruption or other adverse conditions due to the COVID-19 public

health emergency, and includes a new business or organization started after

March 1, 2020 in the midst of adverse conditions due to the COVID-19 public

health emergency, includes self-employed individuals and independent

contractors

[20 ILCS 605/605-1050(g)(2)]

.

"Qualified Partner"

means

a financial institution or non-profit organization with which the

Department

,

or another state agency pursuant to an

intergovernmental agreement with the Department

,

has entered into an

agreement or contract to provide or incentivize assistance to Qualifying

Businesses

.  [20ILCS 605/605-1050(g)(5)].

"Revenue" means the

total amount a business or a non-profit organization has received from sales or

contributions during its annual accounting period, without subtracting any

costs or expenses. Revenue is equal to the gross receipts of a business or

non-profit organization as reported on their federal tax return.

"SLFRF" means the Federal

Coronavirus State and Local Fiscal Recovery Funds.

"Small business" means a

business that earns gross receipts less than $20 million annually.

"Smallest business"

means a business that earns gross receipts less than $5 million annually

or expenses. Revenue is equal to the gross receipts of a business or

non-profit organization as reported on their federal tax return.

"SLFRF" means the Federal

Coronavirus State and Local Fiscal Recovery Funds.

"Small business" means a

business that earns gross receipts less than $20 million annually.

"Smallest business"

means a business that earns gross receipts less than $5 million annually.

"Targeted Funding Opportunity"

means a formal announcement of the availability of funding through the Program

from the Department for a Qualifying Business that operates in an industry or

an area that has been the most disproportionately impacted by the COVID-19 Public

Health Emergency.

"Uniform Guidance" means

the Uniform Administrative Requirements, Cost Principles, and Audit

Requirements for Federal Awards ("Uniform Guidance"), codified at 2

CFR 200.