Arthur Turner
Primary
Amends the Build Illinois Act. Provides that the Department of Commerce and Economic Opportunity may also make loans or equity investments to small businesses with moneys in the State Small Business Credit Initiative Fund (currently, the Department make only make such loans and equity investments with moneys in the Build Illinois Bond Fund, the Illinois Capital Revolving Fund, or the Illinois Equity Revolving Fund). Provides that the Department of Commerce and Economic Opportunity may make loans to small businesses of up to $2,000,000 (currently, $750,000) per project. Provides that moneys collected from the fees imposed under this Act connected with the Capital Fund shall be deposited into the Capital Fund. Provides that loans under the minority, veteran, female, and persons with a disability loan program shall not exceed $400,000 (currently, $100,000) without a waiver from the Director of Commerce and Economic Opportunity. Effective immediately.
Public Act . . . . . . . . . 100-0377
Governor Approved
Effective Date August 25, 2017
Sent to the Governor
Third Reading - Passed; 055-000-000
Passed Both Houses
Added as Alternate Co-Sponsor Sen. Thomas Cullerton
Rule 2-10 Third Reading Deadline Established As May 31, 2017
Placed on Calendar Order of 3rd Reading May 24, 2017
Second Reading
Added as Alternate Chief Co-Sponsor Sen. Cristina Castro
Do Pass Commerce and Economic Development; 007-000-000
Placed on Calendar Order of 2nd Reading May 12, 2017
Added as Alternate Co-Sponsor Sen. Michael Connelly
Assigned to Commerce and Economic Development
Added as Alternate Chief Co-Sponsor Sen. Chuck Weaver
Added as Alternate Co-Sponsor Sen. Kimberly A. Lightford
First Reading
Added as Alternate Chief Co-Sponsor Sen. Andy Manar
Referred to Assignments
Added as Alternate Chief Co-Sponsor Sen. Karen McConnaughay
Chief Senate Sponsor Sen. Toi W. Hutchinson
Arrive in Senate
Placed on Calendar Order of First Reading April 26, 2017
Added Co-Sponsor Rep. Elgie R. Sims, Jr.
Third Reading - Short Debate - Passed 111-001-000
Added Chief Co-Sponsor Rep. Carol Ammons
Added Chief Co-Sponsor Rep. Stephanie A. Kifowit
Added Co-Sponsor Rep. Melissa Conyears-Ervin
Added Co-Sponsor Rep. LaToya Greenwood
Added Co-Sponsor Rep. Robert Martwick
Added Co-Sponsor Rep. Jehan Gordon-Booth
Added Co-Sponsor Rep. Mark Batinick
Second Reading - Short Debate
Added Chief Co-Sponsor Rep. Keith R. Wheeler
Remove Chief Co-Sponsor Rep. Barbara Wheeler
Placed on Calendar Order of 3rd Reading - Short Debate
House Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote
Added Chief Co-Sponsor Rep. Barbara Wheeler
Placed on Calendar 2nd Reading - Short Debate
Do Pass as Amended / Short Debate Executive Committee; 011-000-000
House Committee Amendment No. 1 Rules Refers to Executive Committee
House Committee Amendment No. 1 Filed with Clerk by Rep. Arthur Turner
House Committee Amendment No. 1 Referred to Rules Committee
Added Co-Sponsor Rep. Elizabeth Hernandez
Added Chief Co-Sponsor Rep. Linda Chapa LaVia
Assigned to Executive Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Arthur Turner
| Bill Text Versions | Format |
|---|---|
| Enrolled | HTML |
| Engrossed | HTML |
| Introduced | HTML |
| Document | Format |
|---|---|
| Public Act | |
| House Amendment 001 |
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