IL HB1874 | 2011-2012 | 97th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 3-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Creates the Illinois Emerging Technology Act. Provides for the creation of the Emerging Technology Advisory Panel. Provides that the Emerging Technology Advisory Panel shall consist of 9 members. Sets forth the appointment, terms, and duties of the members. Provides that the Department of Commerce and Economic Opportunity, with the assistance of the Emerging Technology Advisory Panel, shall establish the Illinois Emerging Technology Program to make grants, loans, and equity investments from the Illinois Emerging Technology Fund to entrepreneurs involved with emerging technologies. Amends the Deposit of State Moneys Act. Requires that the State Comptroller direct and the State Treasurer transfer from the General Revenue Fund to the Illinois Emerging Technology Fund an amount no less than $75,000,000 and no more than $100,000,000. Amends the State Finance Act to create the Illinois Emerging Technology Fund as a special fund in the State treasury.

Tracking Information

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Title

IL EMERGING TECHNOLOGY ACT

Sponsors


History

DateChamberAction
2013-01-08HouseSession Sine Die
2011-03-24HouseAdded Chief Co-Sponsor Rep. Dwight Kay
2011-03-17HouseRule 19(a) / Re-referred to Rules Committee
2011-03-01HouseAdded Chief Co-Sponsor Rep. Darlene J. Senger
2011-02-22HouseAssigned to Executive Committee
2011-02-16HouseReferred to Rules Committee
2011-02-16HouseFirst Reading
2011-02-16HouseFiled with the Clerk by Rep. Tom Cross

Code Citations

ChapterArticleSectionCitation TypeStatute Text
1552022.3New CodeSee Bill Text
301055.786New CodeSee Bill Text

Illinois State Sources


Bill Comments

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