Illinois Statutes Chapter 30. Finance § 709/40-10. Definitions

§ 40-10. Definitions. As used in this Act:

“COVID-19” means the novel coronavirus disease deemed COVID-19 by the World Health Organization on February 11, 2020.

“Department” means the Department of Commerce and Economic Opportunity.

“Qualifying Business” means a business or organization, either for-profit or non-profit, that is experiencing or has experienced business interruption due to the COVID-19 public health emergency and that is:

“Independent live venue operator” means a business or organization that is not a publicly traded corporation listed on a stock exchange and that is a destination for live entertainment consumers and that has its artistic programming as a main driver of its attendance, as indicated by meeting the following criteria:

“Performing or presenting arts organization” means a business or organization that has as its primary mission or integral to its primary mission the performance or presentation of the arts to the public, including the artistic disciplines of dance, film, literary arts, media arts, music, theater, and visual arts.

“Arts education organization” means a business or organization that has as its primary mission or integral to its primary mission the provision of arts learning, or has a dedicated portion of its business focused on providing arts education.

“Museum” means a business or organization that is an institution in service to the public, dedicated to the procurement, care, study, and display of objects, archival materials, ephemera, or live specimens, of lasting interest or value.

“Cultural heritage organization” means a business or organization that is a community cultural and arts center; an ethnic and cultural awareness organization; or a festival focused on promoting and preserving ethnic, cultural, racial, regional, linguistic, or religious traditions.

“Qualified partner” means a financial institution or nonprofit organization with which the Department has entered into an agreement or contract to provide or incentivize assistance to qualifying businesses.