Central Bureau of Local Roads and Streets sends notice of REBUILD Illinois Bond Funds to local agenc
5/12 update – Pritzker Administration Announces $25 Million Fast-Track Grants to Accelerate Planned Infrastructure Projects in the Wake of Covid-19; State leverages Rebuild Illinois Dollars to Support Public Infrastructure Projects and Construction Jobs for Summer Eligible grantees are local governments and other public entities with significant public infrastructure projects that could commence work within 90 days of receiving award notice. Projects eligible for grant funding must be public assets, must be permanent in nature and must not have recurring project expenses. Fast-Track projects must meet shovel-ready criteria, as well as the minority business participation requirements of the State of Illinois’ Business Enterprise Program. See the Notice of Funding Opportunity (NOFO). To apply for the grants, please visit https://bit.ly/2xqjOad. DCEO will conduct a series of webinars and outreach to local governments to provide information on the new Fast Track grants. For a list of upcoming webinars as well as a list of resources available to small businesses please visit DCEO’s website.
CIRCULAR LETTER 2020-11 from the Illinois Department of Transportation: The Illinois Department of Transportation (IDOT) has been authorized to implement a $1.5 billion grant program using proceeds from general obligation (transportation, series A) bonds authorized in the REBUILD Illinois capital program to provide Local Public Agencies (LPAs) with the funds for capital projects. The first REBUILD Illinois grants, which will be awarded and disbursed in the week of May 4th, 2020 will total $250 Million. Grants will be allotted among LPAs based on the regular Motor Fuel tax (MFT) formula. However, keep in mind that these are not MFT disbursements. Rather, they are grants made from bond proceeds that must be used for capital projects and for which separate accounting will be required.
At this time IDOT intends to award and disburse REBUILD Illinois grants twice each year over a period of 3 years. We expect to award $1.5 billion in six (6) disbursements of $250 million each over the 3 years. The exact dates of the distributions will vary depending on the timing of the bond sales and identifiable needs of the LPAs. Read more.