Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Creates the Military Reservist Business Assistance Loan Program to make loans to small businesses (i) that lose an owner, a manager, or a key employee due to a period of military conflict and (ii) that will experience economic injury as a result of the loss of that owner, manager, or key employee. Authorizes the Department to accept grants, loans, or appropriations and associated contracts and agreements for purposes similar to this program. Limits the total amount of any loan awarded under the program to $150,000. Requires the Department to adopt rules concerning the administration of the program and to create a competitive application procedure. Effective immediately.
Effective Date August 8, 2005
Governor Approved
Public Act . . . . . . . . . 94-0485
Sent to the Governor
Added Alternate Co-Sponsor Rep. Robert F. Flider
Added Alternate Co-Sponsor Rep. Wyvetter H. Younge
Added Alternate Co-Sponsor Rep. Daniel V. Beiser
Added Alternate Co-Sponsor Rep. John E. Bradley
Added Alternate Co-Sponsor Rep. Kathleen A. Ryg
Added Alternate Co-Sponsor Rep. Jack D. Franks
Added Alternate Chief Co-Sponsor Rep. Jack McGuire
Added Alternate Chief Co-Sponsor Rep. Mike Boland
Passed Both Houses
Third Reading - Short Debate - Passed 105-000-011
Added Alternate Chief Co-Sponsor Rep. Linda Chapa LaVia
Added Alternate Chief Co-Sponsor Rep. Patrick J Verschoore
Placed on Calendar Order of 3rd Reading - Short Debate
Second Reading - Short Debate
Placed on Calendar 2nd Reading - Short Debate
Do Pass / Short Debate International Trade & Commerce Committee; 015-000-000
Assigned to International Trade & Commerce Committee
Placed on Calendar Order of First Reading
Added as Co-Sponsor Sen. Mike Jacobs
Third Reading - Passed; 056-000-000
Arrived in House
Chief House Sponsor Rep. Naomi D. Jakobsson
First Reading
Referred to Rules Committee
Added as Co-Sponsor Sen. Gary G. Dahl
Placed on Calendar Order of 3rd Reading April 12, 2005
Senate Floor Amendment No. 2 Adopted; Wilhelmi
Second Reading
Senate Floor Amendment No. 2 Recommend Do Adopt Commerce & Economic Development; 006-000-000
Added as Co-Sponsor Sen. Martin A. Sandoval
Senate Floor Amendment No. 2 Rules Refers to Commerce & Economic Development
Senate Floor Amendment No. 2 Referred to Rules
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Arthur J. Wilhelmi
Senate Committee Amendment No. 1 Adopted
Placed on Calendar Order of 2nd Reading April 6, 2005
Do Pass as Amended Commerce & Economic Development; 010-000-000
Postponed - Commerce & Economic Development
Postponed - Commerce & Economic Development
Senate Committee Amendment No. 1 Rules Refers to Commerce & Economic Development
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Arthur J. Wilhelmi
Senate Committee Amendment No. 1 Referred to Rules
Assigned to Commerce & Economic Development
First Reading
Referred to Rules
Filed with Secretary by Sen. Arthur J. Wilhelmi
Bill Text Versions | Format |
---|---|
Introduced | HTML |
Engrossed | HTML |
Enrolled | HTML |
Document | Format |
---|---|
Public Act | |
Senate Amendment 002 | |
Senate Amendment 001 |
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.