Illinois Compiled Statutes 15 ILCS 560/5 – Definitions
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As used in this Act:
“Development capital” means financing for investments in which the underlying assets involve direct ownership of non-financial assets for developing or expanding in Illinois.
“Illinois infrastructure development firm” means an entity that: (i) has more than 50% of its employees in Illinois or that has at least one general partner or principal domiciled in Illinois; (ii) provides financing for investments in which the underlying assets involve direct ownership of non-financial assets to develop or expand in Illinois; or (iii) has a track record of identifying, evaluating, and investing in Illinois infrastructure development projects and providing financing for investments in which the underlying assets involve direct ownership of non-financial assets to develop or expand in Illinois.
“Illinois infrastructure development project” means a project that has as its principal function investing in real assets to develop economic and social infrastructure including, but not limited to, land, buildings, transportation, utilities, communication, renewable energy, schools, healthcare, and other real assets.
“Significant presence” means at least one physical office and one full-time employee within the geographic borders of this State.
“Track record” means having made, on average, at least one investment in an Illinois infrastructure development project in each of its funds if the Illinois infrastructure development firm has multiple funds or at least 2 investments in Illinois infrastructure development projects if the Illinois infrastructure development firm has only one fund.
“Development capital” means financing for investments in which the underlying assets involve direct ownership of non-financial assets for developing or expanding in Illinois.
Terms Used In Illinois Compiled Statutes 15 ILCS 560/5
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
“Illinois infrastructure development firm” means an entity that: (i) has more than 50% of its employees in Illinois or that has at least one general partner or principal domiciled in Illinois; (ii) provides financing for investments in which the underlying assets involve direct ownership of non-financial assets to develop or expand in Illinois; or (iii) has a track record of identifying, evaluating, and investing in Illinois infrastructure development projects and providing financing for investments in which the underlying assets involve direct ownership of non-financial assets to develop or expand in Illinois.
“Illinois infrastructure development project” means a project that has as its principal function investing in real assets to develop economic and social infrastructure including, but not limited to, land, buildings, transportation, utilities, communication, renewable energy, schools, healthcare, and other real assets.
“Significant presence” means at least one physical office and one full-time employee within the geographic borders of this State.
“Track record” means having made, on average, at least one investment in an Illinois infrastructure development project in each of its funds if the Illinois infrastructure development firm has multiple funds or at least 2 investments in Illinois infrastructure development projects if the Illinois infrastructure development firm has only one fund.