Bill Amendment: IL HB0642 | 2015-2016 | 99th General Assembly
NOTE: For additional amemendments please see the Bill Drafting List
Bill Title: FINANCE-TECH
Status: 2015-08-03 - Public Act . . . . . . . . . 99-0233 [HB0642 Detail]
Download: Illinois-2015-HB0642-House_Amendment_002.html
Bill Title: FINANCE-TECH
Status: 2015-08-03 - Public Act . . . . . . . . . 99-0233 [HB0642 Detail]
Download: Illinois-2015-HB0642-House_Amendment_002.html
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1 | AMENDMENT TO HOUSE BILL 642
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2 | AMENDMENT NO. ______. Amend House Bill 642 by replacing | ||||||
3 | everything after the enacting clause with the following:
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4 | "Section 1. Short title. This Act may be cited as the | ||||||
5 | Women's Business
Ownership Act of 2015.
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6 | Section 5. Women's Business Ownership Council. The Women's | ||||||
7 | Business Ownership
Council is created within the
Department of | ||||||
8 | Commerce and Economic Opportunity. The Council shall consist of | ||||||
9 | 9 members, with 5 persons appointed by
the Governor, one of | ||||||
10 | whom shall be the Director of Commerce and Economic Opportunity | ||||||
11 | or his or her designee, one person appointed by the
President | ||||||
12 | of the Senate, one person appointed by the Minority Leader of | ||||||
13 | the
Senate,
one person appointed by the Speaker of the House of | ||||||
14 | Representatives, and one
person appointed by the Minority | ||||||
15 | Leader of the House of Representatives.
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16 | Appointed members shall be uniquely qualified by |
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1 | education, professional
knowledge, or experience to serve on | ||||||
2 | the Council and shall reflect the ethnic,
cultural, and | ||||||
3 | geographic diversity of the State. Of the 9 members, at least 5
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4 | shall be women business owners. As used this Act, "woman | ||||||
5 | business
owner" means a woman who is either:
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6 | (1) the principal of a company or business concern, at | ||||||
7 | least 51% of which is owned,
operated, and controlled by | ||||||
8 | women; or
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9 | (2) a senior officer or director of a company or | ||||||
10 | business concern who also
has either:
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11 | (A) material responsibility for the daily | ||||||
12 | operations and management of the
overall company or | ||||||
13 | business concern; or
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14 | (B) material responsibility for the policy making | ||||||
15 | of the company or
business concern.
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16 | Of the initial appointments, members shall be randomly | ||||||
17 | assigned to staggered
terms; 3 members shall be appointed for a | ||||||
18 | term of 3 years, 3 members shall be
appointed for a term of 2 | ||||||
19 | years, and 3 members shall be appointed for a term of
one year. | ||||||
20 | Upon the expiration of each member's term, a successor shall
be | ||||||
21 | appointed for a term of 3 years. In the case of a vacancy in the | ||||||
22 | office of
any member, a successor shall be appointed for the | ||||||
23 | remainder of the unexpired
term by the person designated as | ||||||
24 | responsible for making the appointment. No
member shall serve | ||||||
25 | more than 3 consecutive terms. Members shall serve without
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26 | compensation but shall be reimbursed for expenses incurred in |
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1 | connection with
the performance of their duties as members.
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2 | One of the members shall be designated as Chairperson by | ||||||
3 | the Governor. In
the event the Governor does not appoint the | ||||||
4 | Chairperson within 60 days after
the effective date of this | ||||||
5 | Act, the Council shall convene and elect a
Chairperson by a | ||||||
6 | simple majority vote. Upon a vacancy in the position of
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7 | Chairperson, the
Governor shall have 30 days from the date of | ||||||
8 | the resignation to appoint a new
Chairperson. In the event the | ||||||
9 | Governor does not appoint a new Chairperson
within 30 days, the | ||||||
10 | Council shall convene and elect a new Chairperson by a
simple | ||||||
11 | majority vote.
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12 | The first meeting of the Council shall be held within 90 | ||||||
13 | days after the
effective date of this Act. The Council shall | ||||||
14 | meet quarterly and may hold
other
meetings on the call of the | ||||||
15 | Chairperson. Five members shall constitute a
quorum. The | ||||||
16 | Council may adopt rules it deems necessary to
govern its own | ||||||
17 | procedures. The Department of Commerce and Economic | ||||||
18 | Opportunity
shall cooperate with the Council to fulfill the | ||||||
19 | purposes of this Act and shall
provide the Council with | ||||||
20 | necessary staff and administrative support. The
Council may | ||||||
21 | apply for grants from the public and private sector and is
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22 | authorized to accept grants, gifts, and donations, which shall | ||||||
23 | be deposited
into the
Women's Business Ownership Fund.
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24 | Section 10. Duties and responsibilities of the Council.
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25 | (a) The Council shall conduct hearings, as necessary, and |
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1 | issue an annual
report to the Governor and the General Assembly | ||||||
2 | regarding the status of women
business owners within the State. | ||||||
3 | In that regard, the Council shall review the
following:
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4 | (1) The status of women-owned businesses statewide, | ||||||
5 | including progress
made and barriers that remain, in order | ||||||
6 | to assist these businesses to enter the
mainstream of the | ||||||
7 | Illinois economy.
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8 | (2) The role of State and local government in assisting | ||||||
9 | and promoting aid
to, and the promotion of, women-owned | ||||||
10 | businesses.
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11 | (3) Data collected by private and public sector | ||||||
12 | entities relating to
women-owned businesses.
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13 | (4) Any other government initiatives that may exist | ||||||
14 | relating to
women-owned businesses, including but not | ||||||
15 | limited to those relating to State
and
local procurement.
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16 | (b) The Council shall recommend to the Governor and the | ||||||
17 | General Assembly, on
an annual basis, all of the following:
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18 | (1) New private sector initiatives that would provide | ||||||
19 | management and
technical assistance to women-owned | ||||||
20 | businesses.
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21 | (2) Ways to promote greater access to public and | ||||||
22 | private sector financing
and procurement opportunities for | ||||||
23 | these businesses.
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24 | (3) Detailed multi-year plans of action, with specific | ||||||
25 | goals and
timetables, for both public and private sector | ||||||
26 | actions needed to overcome
discriminatory barriers to full |
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1 | participation in the economic mainstream.
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2 | (c) The Council may hold hearings, take testimony, and | ||||||
3 | request information
from State agencies.
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4 | Section 15. The Women's Business Ownership Fund. The | ||||||
5 | Women's Business Ownership Fund is created as a special fund in | ||||||
6 | the State treasury. The Fund shall
consist of all public and | ||||||
7 | private moneys donated to further the work of the
Council under | ||||||
8 | this Act. All moneys deposited into the Fund shall be subject | ||||||
9 | to
appropriation by the General Assembly.
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10 | Section 90. The State Finance Act is amended by adding | ||||||
11 | Section 5.866 as follows:
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12 | (30 ILCS 105/5.866 new) | ||||||
13 | Sec. 5.866. The Women's Business Ownership Fund.
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14 | Section 99. Effective date. This Act takes effect upon | ||||||
15 | becoming law.".
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