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DESCRIPTION:\nProgram and Speakers' Bios \nOverview\nSTAR Bonds: A New Fina
 ncing Tool\nThe recently enacted Statewide Innovation Development and Econ
 omy 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 Bon
 d 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 wh
 ich may be financed by STAR Bonds.  Debt service on STAR Bonds may be secu
 red by\, among other sources\, incremental increases in State and local sa
 les taxes within the STAR Bond District.  STAR Bonds secured by State sale
 s 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\,0
 00.  Local governments wishing to establish a Star Bond District must file
  a notice of intention with the Director of Commerce and Economic Opportun
 ity and the Director of Revenue on or before June 1\, 2026. This session w
 ill outline the statutory requirements and procedural steps for establishi
 ng a STAR Bond District and issuing STAR Bonds to finance eligible project
 s\, including key structuring strategies and credit considerations. \nSpea
 kers: \nAustin Root\, Principal\, Miller\, Canfield\, Paddock and Stone PL
 C\nGlenn Weinstein\, Principal\, Miller\, Canfield\, Paddock and Stone PLC
 \nDalena Welkomer\, Managing Director\, Raymond James & Associates \nLearn
 ing Objectives:\n Participants completing this seminar should be able to: 
 \n\n\n\nIdentify the statutory requirements for establishing STAR Bond Dis
 tricts and adopting STAR Bond District plans. \n\n\n\n\nUnderstand the req
 uirements for adopting Star Bond projects and STAR Bond project plans.  \n
 \n\n\n\nDescribe the legal and procedural requirements for issuing STAR Bo
 nds to finance eligible projects. \n\n\n\n\nEvaluate key structuring strat
 egies and credit considerations associated with issuing STAR Bonds. \nInte
 nded Audience: Finance ProfessionalsDelivery Method: Internet BasedProgram
  Level: BasicPrerequisites: No prerequisites required Advanced Preparation
 : No advanced preparation requiredField of Study: Finance - TechnicalLast 
 Review/Revision/Update:NASBA CPE: Earn About 1.5 CPE credit\n
DTEND:20260504T111500
DTSTAMP:20260414T152738
DTSTART:20260504T100000
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SEQUENCE:0
SUMMARY:STAR Bonds: A New Financing Tool
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