Celina Villanueva
- Democratic
- Senator
- District 12
Primary
Amends the Build Illinois Act. Provides that the amount of small business loans made to minority persons, veterans, females, or persons with a disability under the Act shall not exceed $2,000,000 (rather than $400,000) or 50% of the business project costs unless the Director of Commerce and Economic Development determines that a waiver of these limits is required to meet the purposes of the Act. Provides that eligible projects under those provisions include refinancing current debt if the loan will refinance a loan previously made by a lender that is unaffiliated with the financial intermediary making the new loan and the proceeds of the refinance transaction are not used to finance an extraordinary dividend or other distribution.
Governor Approved
Public Act . . . . . . . . . 103-1051
Effective Date January 1, 2025
Sent to the Governor
Added Alternate Chief Co-Sponsor Rep. Curtis J. Tarver, II
Passed Both Houses
Placed on Calendar Order of 3rd Reading - Short Debate
Third Reading - Short Debate - Passed 109-000-000
Added Alternate Co-Sponsor Rep. Kevin Schmidt
Added Alternate Chief Co-Sponsor Rep. Brandun Schweizer
Added Alternate Chief Co-Sponsor Rep. Yolonda Morris
Added Alternate Chief Co-Sponsor Rep. Dagmara Avelar
Third Reading/Final Action Deadline Extended-9(b) May 24, 2024
Held on Calendar Order of Second Reading - Short Debate
Second Reading - Short Debate
Do Pass / Short Debate Small Business, Tech Innovation, and Entrepreneurship Committee; 010-000-000
Placed on Calendar 2nd Reading - Short Debate
Assigned to Small Business, Tech Innovation, and Entrepreneurship Committee
Referred to Rules Committee
First Reading
Chief House Sponsor Rep. Carol Ammons
Third Reading - Passed; 054-003-000
Arrived in House
Added as Co-Sponsor Sen. Mary Edly-Allen
Placed on Calendar Order of 3rd Reading **
Placed on Calendar Order of 3rd Reading March 20, 2024
Second Reading
Placed on Calendar Order of 2nd Reading March 12, 2024
Do Pass Executive; 011-000-000
Assigned to Executive
Added as Chief Co-Sponsor Sen. Paul Faraci
First Reading
Referred to Assignments
Filed with Secretary by Sen. Celina Villanueva
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML PDF |
| Engrossed | HTML PDF |
| Enrolled | HTML PDF |
| Document | Format |
|---|---|
| Public Act |
Data on Open States is updated periodically throughout the day from the official website of the Illinois General Assembly.
If you notice any inconsistencies with these official sources, feel free to file an issue.