Illinois Statutes Chapter 805. Business Organizations § 155/20-10. Definitions

§ 20-10. Definitions. As used in this Act:

“Black, indigenous, and people of color” or “BIPOC” means people who are members of the groups described in subparagraphs (a) through (e) of paragraph (A) of subsection (1) of Section 2 of the Business Enterprise for Minorities, Women, and Persons with Disabilities Act.

“Board” means the Board of Directors of the Clean Energy Jobs and Justice Fund.

“Contractor of color” means a business entity that is at least 51% owned by one or more BIPOC persons, or in the case of a corporation, at least 51% of the corporation's stock is owned by one or more BIPOC persons, and the management and daily business operations of which are controlled by one or more of the BIPOC persons who own it. A contractor of color may also be a nonprofit entity with a board of directors composed of at least 51% BIPOC persons or a nonprofit entity certified by the State of Illinois to be minority-led.

“Environmental justice communities” means the definition of that term based on existing methodologies and findings used by the Illinois Power Agency and its Administrator of the Illinois Solar for All Program.

“Fund” means the Clean Energy Jobs and Justice Fund.

“Low-income” means households whose income does not exceed 80% of Area Median Income (AMI), adjusted for family size and revised every 5 years.

“Low-income community” means a census tract where at least half of households are low-income.

“Minority-owned business enterprise” or “MBE” means a business certified as such by an authorized unit of government or other authorized entity in Illinois.

“Municipality” means a city, village, or incorporated town.

“Person” means any natural person, firm, partnership, corporation, either domestic or foreign, company, association, limited liability company, joint stock company, or association and includes any trustee, receiver, assignee, or personal representative thereof.