Nick Smith
- Democratic
- Representative
- District 34
Primary
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.
No votes to display
Session Sine Die
Added Co-Sponsor Rep. Maurice A. West, II
Added Co-Sponsor Rep. Dave Vella
Rule 19(a) / Re-referred to Rules Committee
Second Reading - Short Debate
Held on Calendar Order of Second Reading - Short Debate
Added Co-Sponsor Rep. Dagmara Avelar
Placed on Calendar 2nd Reading - Short Debate
Do Pass / Short Debate State Government Administration Committee; 005-003-000
Assigned to State Government Administration Committee
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Nicholas K. Smith
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| Introduced | HTML PDF |
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| No related documents. |
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