More than 65% of District 116's $51.4 million education fund came from state aid
in 2018, according to Illinois State Board of Education financial records.
Mr Street, a Conservative, said the Government "should rapidly look at whether state aid
regulation can be altered to enable them to directly support our industries of the future, vital for companies such as Jaguar Land Rover."
RATING BASED ON STATE INTERCEPT: The 'AA' rating is equal to New York State's annual appropriation rating, which is notched one level below the state's 'AA+' general obligation (GO) rating to reflect the state aid
intercept security for the bonds and the annual risk of non-appropriation of state aid
moneys by the state.
Last May, the European Commission started investigating this state aid
, due to suspicions as to whether it fulfils EU rules.
Since 2016, James has served as a consultant to the Office of State Aid
The recent state aid
cases represent the first time the EC has exercised state aid
control to address corporate tax practices on an EU scale.
As a general rule, the Treaty on the Functioning of the European Union prohibits state aid
, while it leaves some room for certain policy objectives for which state aid
can be considered compatible with the internal market.
The EC has also ordered Irish LCC Ryanair to re-pay about 10m [euro] in illegal state aid
received for operating at three small regional airports to France.
law was essentially a form of competition law for the public sector regulating how public bodies could support development, particularly large-scale infrastructure projects.
The 50-page text explains the different elements that constitute state aid
as defined by the treaty (Article 107.1) and EU case law.
There are currently no specific state aid
guidelines in the energy sector, he said.