Bill > SB4032

This bill appropriates $2,000,000 from the state's General Revenue Fund, which is the primary fund for state government operations, to the Department of Commerce and Economic Opportunity (DCEO), a state agency responsible for economic development. This funding is designated as a grant to Black Contractors, Owners, and Executives (BCOE), an organization that supports black business owners. The purpose of this grant is to enable BCOE to expand its services across the entire state, thereby assisting black entrepreneurs in growing their businesses. The bill specifies that this appropriation will become effective on July 1, 2026.

Budget and Finance

https://www.ilga.gov/Legislation/BillStatus?DocNum=4032&GAID=18&DocTypeID=SB&SessionID=114&GA=104