STAR Bonds: A New Financing Tool
Event Details
| Registration | Register Online |
| Date | Monday, May 4, 2026
Save to your calendar |
| Time | 10:00am |
| Delivery Method | Webinar |
| Field of Study | Finance - Technical |
| NASBA CPE | Earn 1.50 CPE Hours |
Event Cost
| Type | Before 4/24/2026 |
|---|---|
| Members | $ 20.00 |
| Government / Partner Colleagues | $ 20.00 |
| Non-members | $ 40.00 |
Event Description
The recently enacted Statewide Innovation Development and Economy Act allows for the creation of STAR Bond Districts within each of the ten economic development regions in Illinois recognized by the Department of Commerce and Economic Development. Local governments within a STAR Bond District may submit plans to the Department and the Governor’s Office of Management and Budget for one or more (depending on the population of the related economic development region) STAR Bond projects, the costs of which may be financed by STAR Bonds. Debt service on STAR Bonds may be secured by, among other sources, incremental increases in State and local sales taxes within the STAR Bond District. STAR Bonds secured by State sales tax increment may be issued for a STAR Bond project in an amount not to exceed the lesser of 50% of total project development costs or $75,000,000. Local governments wishing to establish a Star Bond District must file a notice of intention with the Director of Commerce and Economic Opportunity and the Director of Revenue on or before June 1, 2026. This session will outline the statutory requirements and procedural steps for establishing a STAR Bond District and issuing STAR Bonds to finance eligible projects, including key structuring strategies and credit considerations.
Speakers:
Austin Root, Principal, Miller, Canfield, Paddock and Stone PLC
Glenn Weinstein, Principal, Miller, Canfield, Paddock and Stone PLC
Dalena Welkomer, Managing Director, Raymond James & Associates
Learning Objectives:
Participants completing this seminar should be able to:
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Identify the statutory requirements for establishing STAR Bond Districts and adopting STAR Bond District plans.
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Understand the requirements for adopting Star Bond projects and STAR Bond project plans.
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Describe the legal and procedural requirements for issuing STAR Bonds to finance eligible projects.
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Evaluate key structuring strategies and credit considerations associated with issuing STAR Bonds.
Intended Audience: Finance Professionals
Delivery Method: Internet Based
Program Level: Basic
Prerequisites: No prerequisites required
Advanced Preparation: No advanced preparation required
Field of Study: Finance - Technical
Last Review/Revision/Update:
NASBA CPE: Earn About 1.5 CPE credit
Presented by the Assistants network
Registration & Cancellation Policy
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Cancellation of an event registration is subject to the following policy:
• No refunds will be given for cancellations the day of the event and no shows.
• For IGFOA event registration cancellations five (5) business days or more prior to an event, refunds will be offset by a $20 cancellation fee.
• For IGFOA event registration cancellations within five (5) business days of the training, refunds will be offset by a cancellation fee of 50% of the registration fee.
• A substitute attendee may be designated provided that the payment has been made and the IGFOA office has been notified in advance.
• Cancellation policy for chapter events may differ from this policy at the chapters’ discretion.
• A written request for a refund must be emailed to the IGFOA prior to the event.
By submitting this registration, the applicant agrees to the registration and cancellation policy above.
IGFOA reserves the right to modify the agenda and/or speakers, cancel the training due to low enrollment, or to close registration if full. Should IGFOA cancel an event, cancellation notice will be sent to the email address provided by each registrant and prominently posted at the IGFOA website page announcing the event.
If you have questions about the cancellation and refund policy, your membership, or a complaint, please contact IGFOA at info@igfoa.org. The IGFOA reserves the right to apply the non-member fee to any individual or government that has not paid dues for the current year.