The purpose of this Act is to promote the health, welfare, and prosperity of all the residents of this State by ensuring access to financial products that allow Illinois residents and businesses to invest in clean energy. Furthermore, the Clean Energy Jobs and Justice Fund, is designed to fill the following purposes: (1) ensure that the benefits of the clean energy economy are equitably distributed; (2) make clean energy accessible to all through the provision of innovative financing opportunities and grants for Minority Business Enterprises (MBE) and other contractors of color, and for low-income, environmental justice, and BIPOC communities and the businesses that serve these communities; (3) prioritize the provision of public and private capital for clean energy investment to MBEs and other contractors of color, and to businesses serving low-income, environmental justice, and BIPOC communities; (4) accelerate the flow of private capital into clean energy markets; (5) assist low-income, environmental justice, and BIPOC community utility customers in paying for solar and energy efficiency upgrades through energy cost savings; (6) increase access to no-cost and low-cost loans for MBE and other contractors of color; (7) develop financing products designed to compensate for historical and structural barriers preventing low-income, environmental justice, and BIPOC communities from accessing traditional financing; (8) leverage private investment in clean energy projects and in projects developed by MBEs and other contractors of color; and (9) pursue financial self-sustainability through innovative financing products. 805 ILCS 155/20-5

N/A

805 ILCS 155/20-5

N/A

The purpose of this Act is to promote the health, welfare, and prosperity of all the residents of this State by ensuring access to financial products that allow Illinois residents and businesses to invest in clean energy. Furthermore, the Clean Energy Jobs and Justice Fund, is designed to fill the following purposes: (1) ensure that the benefits of the clean energy economy are equitably distributed; (2) make clean energy accessible to all through the provision of innovative financing opportunities and grants for Minority Business Enterprises (MBE) and other contractors of color, and for low-income, environmental justice, and BIPOC communities and the businesses that serve these communities; (3) prioritize the provision of public and private capital for clean energy investment to MBEs and other contractors of color, and to businesses serving low-income, environmental justice, and BIPOC communities; (4) accelerate the flow of private capital into clean energy markets; (5) assist low-income, environmental justice, and BIPOC community utility customers in paying for solar and energy efficiency upgrades through energy cost savings; (6) increase access to no-cost and low-cost loans for MBE and other contractors of color; (7) develop financing products designed to compensate for historical and structural barriers preventing low-income, environmental justice, and BIPOC communities from accessing traditional financing; (8) leverage private investment in clean energy projects and in projects developed by MBEs and other contractors of color; and (9) pursue financial self-sustainability through innovative financing products. 805 ILCS 155/20-5

Yes

Information about the specific terms and requirements can be found in the Clean Energy Jobs and Justice Fund Act (805 ILCS 155/20-5).

Nonprofit Organizations;

805 ILCS 155/20-5

805 ILCS 155/20-5

Formula Grants

Economic Development

805 ILCS 155/20-5

Creation of NFP Board. See 805 ILCS 155/20-5.

Creation of NFP Board. See 805 ILCS 155/20-5.

Creation of NFP Board. See 805 ILCS 155/20-5.

Creation of NFP Board. See 805 ILCS 155/20-5.

See NOFO.

30 days

The Merit Based Review process is subject to appeal. However, competitive grant appeals are limited to the evaluation process. Evaluation scores may not be protested. Only the evaluation process is subject to appeal. The appeal must be submitted in writing to the Department within 14 calendar days after the date that the grant award notice has been published. The written appeal shall include the name and address of the appealing party, the identification of the grant and a statement of reasons for the appeal. To file an appeal, applicants must submit the appeal in writing and in accordance with the Merit-Based Application Review Appeals Process listed on the Grant Opportunities page of the DCEO website: https://www2.illinois.gov/dceo/AboutDCEO/GrantOpportunities/Pages/MeritAppReview.aspx.

Extended until 2045.

N/A

No restrictions specified in the grant by initial funding source. See 805 ILCS 155/20-5

Quarterly reporting using PPR and PFR

N/A

N/A

427-42030-4900-0000

$1M

One (1) grant annually given for $1m.

N/A

https://casetext.com/statute/illinois-compiled-statutes/business-and-employment/chapter-805-business-organizations/subchapter-nonprofit-corporations/act-155-clean-energy-jobs-and-justice-fund-act/section-805-ilcs-15520-1-section-scheduled-to-be-repealed-9152045-short-title

N/A

500 East Monroe Springfield, IL 62701 and 555 W Monroe St, 12th Floor Chicago, IL 60661

https://govappointments.illinois.gov/boardsandcommissions/details/?id=7d16cb5e-2007-ee11-8f6d-001dd8068008

CEJA

N/A

FY 2024 : $1,000,000
FY 2025 : $1,000,000