Bill Text: IL SB1608 | 2019-2020 | 101st General Assembly | Engrossed

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Bill Title: Amends the Business Enterprise for Minorities, and Persons with Disabilities Act. Specifies further requirements in the awarding of State contracts under the Act concerning diversity and underrepresented groups. Amends the Illinois Procurement Code. Makes changes to provisions concerning competitive sealed bids and the awarding of contracts as related to diversity. Provides for diversity training. Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Establishes the Illinois Small Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Matching Funds Program. Creates the Community Development Loan Guarantee Act. Establishes the Loan Guarantee Program. Provides that the State Treasurer may establish at any eligible financial institution a Loan Guarantee Account as a special account outside the State treasury and with the State Treasurer as custodian. Provides further requirements for the Program. Creates the Illinois Community Reinvestment Act. Requires each covered financial institution to have a continuing and affirmative obligation to meet the financial services needs of the communities in which its offices, branches, and other facilities are maintained, consistent with the safe and sound operation of the financial institution, and for credit unions, consistent with its common bond. Creates the Commission on Equity and Inclusion. Provides for the membership and powers and duties of the Commission. Amends the Illinois Public Aid Code. Requires the Department shall update the Child Care Assistance Program Eligibility Calculator posted on its website to include a question on whether a family is applying for child care assistance for the first time or is applying for a redetermination of eligibility. Makes conforming and other changes. Effective immediately, except that specified provisions take effect January 1, 2022.

Spectrum: Partisan Bill (Democrat 30-0)

Status: (Enrolled - Dead) 2021-01-14 - Added as Chief Co-Sponsor Sen. Kimberly A. Lightford [SB1608 Detail]

Download: Illinois-2019-SB1608-Engrossed.html

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AN ACT concerning State government.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Department of Commerce and Economic
Opportunity Law of the Civil Administrative Code of Illinois is
amended by adding Section 605-1025 as follows:
(20 ILCS 605/605-1025 new)
Sec. 605-1025. Illinois SBIR/STTR Matching Funds Program.
(a) There is established the Illinois Small Business
Innovation Research (SBIR) and Small Business Technology
Transfer (STTR) Matching Funds Program to be administered by
the Department. In order to foster job creation and economic
development in the State, the Department may make grants to
eligible businesses to match funds received by the business as
an SBIR or STTR Phase I award and to encourage businesses to
apply for Phase II awards.
(b) In order to be eligible for a grant under this Section,
a business must satisfy all of the following conditions:
(1) The business must be a for-profit, Illinois-based
business. For the purposes of this Section, an
Illinois-based business is one that has its principal place
of business in this State;
(2) The business must have received an SBIR/STTR Phase

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I award from a participating federal agency in response to
a specific federal solicitation. To receive the full match,
the business must also have submitted a final Phase I
report, demonstrated that the sponsoring agency has
interest in the Phase II proposal, and submitted a Phase II
proposal to the agency.
(3) The business must satisfy all federal SBIR/STTR
requirements.
(4) The business shall not receive concurrent funding
support from other sources that duplicates the purpose of
this Section.
(5) The business must certify that at least 51% of the
research described in the federal SBIR/STTR Phase II
proposal will be conducted in this State and that the
business will remain an Illinois-based business for the
duration of the SBIR/STTR Phase II project.
(6) The business must demonstrate its ability to
conduct research in its SBIR/STTR Phase II proposal.
(c) The Department may award grants to match the funds
received by a business through an SBIR/STTR Phase I proposal up
to a maximum of $50,000. Seventy-five percent of the total
grant shall be remitted to the business upon receipt of the
SBIR/STTR Phase I award and application for funds under this
Section. Twenty-five percent of the total grant shall be
remitted to the business upon submission by the business of the
Phase II application to the funding agency and acceptance of

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the Phase I report by the funding agency. A business may
receive only one grant under this Section per year. A business
may receive only one grant under this Section with respect to
each federal proposal submission. Over its lifetime, a business
may receive a maximum of 5 awards under this Section.
(d) A business shall apply, under oath, to the Department
for a grant under this Section on a form prescribed by the
Department that includes at least all of the following:
(1) the name of the business, the form of business
organization under which it is operated, and the names and
addresses of the principals or management of the business;
(2) an acknowledgment of receipt of the Phase I report
and Phase II proposal by the relevant federal agency; and
(3) any other information necessary for the Department
to evaluate the application.