Illinois House Bill 5274 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on January 27 2022 - 25% progression, died in committee
Action: 2022-04-01 - Added Co-Sponsor Rep. Maurice A. West, II
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Department of Commerce and Economic Opportunity shall establish the Small Business Emergency Loan Program. Provides that from funds made available to the Department from the State Small Business Credit Initiative Fund, the Department shall offer low-interest loans of up to $50,000 to eligible small businesses for working capital, with at least 50% of loan proceeds to be applied for specified purposes. Provides that borrower eligibility and loan terms under the Program shall be as prescribed by the Department. Provides for the adoption of rules.

DCEO-SMALL BUSINESS LOAN PROG

Rep. Nicholas Smith [D]

Rep. Dagmara Avelar [D]

Rep. Dave Vella [D]

Rep. Maurice West [D]

Date	Chamber	Action
2022-04-01	House	Added Co-Sponsor Rep. Maurice A. West, II
2022-03-30	House	Added Co-Sponsor Rep. Dave Vella
2022-03-04	House	Rule 19(a) / Re-referred to Rules Committee
2022-03-02	House	Held on Calendar Order of Second Reading - Short Debate
2022-03-02	House	Second Reading - Short Debate
2022-02-23	House	Added Co-Sponsor Rep. Dagmara Avelar
2022-02-17	House	Placed on Calendar 2nd Reading - Short Debate
2022-02-16	House	Do Pass / Short Debate State Government Administration Committee; 005-003-000
2022-02-09	House	Assigned to State Government Administration Committee
2022-01-31	House	Referred to Rules Committee
2022-01-31	House	First Reading
2022-01-27	House	Filed with the Clerk by Rep. Nicholas K. Smith

Chapter	Article	Section	Citation Type	Statute Text
20	605	605-1095	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5274&GAID=16&DocTypeID=HB&SessionID=110&GA=102
Text	https://www.ilga.gov/legislation/102/HB/10200HB5274.htm