Bill > HB3585

This bill reappropriates $30,000,000 from the Build Illinois Bond Fund to the Department of Commerce and Economic Opportunity (DCEO) for a specific purpose: providing a grant to Woodlawn Central LLC to support pre-development, engineering, and construction activities. The bill effectively extends funding that was originally authorized in a previous legislation (Public Act 103-0006) and ensures that any unspent money from that prior allocation can still be used for this project as of July 1, 2025. A reappropriation allows previously allocated funds to remain available for spending beyond their original timeframe, which can be useful for complex development projects that may take longer than initially anticipated. In this case, the grant will support development efforts by Woodlawn Central LLC, likely for a specific urban development or infrastructure project in the Woodlawn neighborhood of Chicago.

Budget and Finance

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3585&GAID=18&DocTypeID=HB&SessionID=114&GA=104