Mark Walker
- Democratic
- Senator
- District 27
Primary
Amends the Technology Development Act. Removes a provision specifying that the investment of the State Treasurer in any fund created by an Illinois venture capital firm in which the State Treasurer places money shall not exceed 10% of the total investments in the fund. Provides that distributions from a TDA II-Recipient Fund, in an amount not to exceed the commitment amount and total distributions received, may be reinvested into a specified account without being counted against the 5% cap. Provides that specified moneys in the Technology Development Fund may be provided as grants to technology businesses in order to foster, accelerate, and scale technology innovation in Illinois. Modifies the term "technology business" to expand the meaning of technology oriented or emerging activity. Makes conforming changes. Effective immediately.
No votes to display
Rule 19(b) / Re-referred to Rules Committee
Assigned to Revenue & Finance Committee
Filed with the Clerk by Rep. Mark L. Walker
First Reading
Referred to Rules Committee
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