HB 5420

  • Illinois House Bill
  • 96th Regular Session
  • Introduced in House Jan 06, 2011
  • Passed House Mar 26, 2010
  • Passed Senate Jan 05, 2011
  • Became Law Jan 25, 2011

Dceo-Microloan Program

Abstract

Creates the Microloan Program Act. Authorizes the Director of Commerce and Economic Opportunity to (i) make loans to eligible intermediaries for the purpose of making short-term, fixed rate loans to certain business concerns, (ii) make grants to those intermediaries to provide marketing, management, and technical assistance to small business concerns, and (iii) make grants to non-profit entities for the purpose of providing marketing, management, and technical assistance to low-income individuals under certain circumstances. Specifies criteria that eligible intermediaries must satisfy. Sets forth requirements for loans made to intermediaries; marketing, management, and technical assistance grants to intermediaries; private sector borrowing technical assistance grants; and loans to small business concerns from eligible intermediaries. Requires the Department to file certain reports with the General Assembly. Amends the State Finance Act to create the Business Loan and Investment Fund as a special fund in the State treasury. Authorizes the Department, subject to appropriation, to use the moneys in the Fund to carry out the purposes of the Microloan Program Act.

Bill Sponsors (7)

Votes


Actions


Jan 25, 2011

House

Public Act . . . . . . . . . 96-1501

House

Effective Date January 25, 2011

House

Governor Approved

Jan 06, 2011

House

Sent to the Governor

House

Added Co-Sponsor Rep. Kay Hatcher

House

Remove Chief Co-Sponsor Rep. Deborah Mell

House

Added Co-Sponsor Rep. Sara Feigenholtz

House

Passed Both Houses

House

Senate Floor Amendment No. 2 House Concurs 111-004-002

House

Senate Committee Amendment No. 1 House Concurs 111-004-002

House

Added Co-Sponsor Rep. Jim Watson

Senate

Added as Alternate Co-Sponsor Sen. Mattie Hunter

House

Added Co-Sponsor Rep. John D'Amico

House

Added Co-Sponsor Rep. Joseph M. Lyons

House

Added Co-Sponsor Rep. Luis Arroyo

House

Added Co-Sponsor Rep. Edward J. Acevedo

House

Added Co-Sponsor Rep. Elizabeth Hernandez

House

Added Co-Sponsor Rep. Cynthia Soto

House

Added Co-Sponsor Rep. Donald L. Moffitt

House

Added Co-Sponsor Rep. Sidney H. Mathias

House

Removed Co-Sponsor Rep. LaShawn K. Ford

House

Added Co-Sponsor Rep. LaShawn K. Ford

House

Added Co-Sponsor Rep. Kenneth Dunkin

House

Added Co-Sponsor Rep. Robert W. Pritchard

House

Added Co-Sponsor Rep. Darlene J. Senger

House

Added Co-Sponsor Rep. Dennis M. Reboletti

House

Added Co-Sponsor Rep. Chapin Rose

House

Added Co-Sponsor Rep. Sandy Cole

House

Added Co-Sponsor Rep. Randy Ramey, Jr.

House

Added Co-Sponsor Rep. Michael G. Connelly

House

Added Co-Sponsor Rep. Sandra M. Pihos

House

Added Co-Sponsor Rep. Michael W. Tryon

House

Added Chief Co-Sponsor Rep. David R. Leitch

House

Added Co-Sponsor Rep. Greg Harris

House

Added Co-Sponsor Rep. Elizabeth Coulson

House

Added Co-Sponsor Rep. Keith Farnham

House

Added Co-Sponsor Rep. Linda Chapa LaVia

House

Added Co-Sponsor Rep. Carol A. Sente

House

Added Co-Sponsor Rep. Jack D. Franks

House

Senate Floor Amendment No. 2 Motion to Concur Recommends Be Adopted Special Committee on Medicaid Reform; 012-001-001

House

Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Special Committee on Medicaid Reform; 012-001-001

House

Senate Floor Amendment No. 2 Motion to Concur Referred to Special Committee on Medicaid Reform

House

Senate Committee Amendment No. 1 Motion to Concur Referred to Special Committee on Medicaid Reform

House

Senate Floor Amendment No. 2 Motion to Concur Referred to Rules Committee

House

Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee

House

Senate Floor Amendment No. 2 Motion Filed Concur Rep. Barbara Flynn Currie

House

Senate Committee Amendment No. 1 Motion Filed Concur Rep. Barbara Flynn Currie

House

Added Chief Co-Sponsor Rep. Deborah Mell

House

Added Chief Co-Sponsor Rep. Patricia R. Bellock

House

Chief Sponsor Changed to Rep. Barbara Flynn Currie

House

Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 2

House

Arrived in House

Jan 05, 2011

Senate

Sponsor Removed Sen. Jacqueline Y. Collins

Senate

Alternate Chief Sponsor Changed to Sen. Heather Steans

Senate

Added as Alternate Chief Co-Sponsor Sen. Dale A. Righter

Senate

Senate Floor Amendment No. 2 Filed with Secretary by Sen. Heather Steans; -Righter-Althoff

Senate

Senate Floor Amendment No. 2 Referred to Assignments

Senate

Senate Floor Amendment No. 3 Filed with Secretary by Sen. Carole Pankau

Senate

Senate Floor Amendment No. 3 Referred to Assignments

Senate

Senate Floor Amendment No. 2 Assignments Refers to Special Committee on Medicaid Reform

Senate

Added as Alternate Chief Co-Sponsor Sen. Pamela J. Althoff

Senate

Added as Alternate Chief Co-Sponsor Sen. David Koehler

Senate

Senate Floor Amendment No. 2 Recommend Do Adopt Special Committee on Medicaid Reform; 006-000-000

Senate

Added as Alternate Chief Co-Sponsor Sen. Donne E. Trotter

Senate

Added as Alternate Co-Sponsor Sen. Jacqueline Y. Collins

Senate

Added as Alternate Co-Sponsor Sen. Ira I. Silverstein

Senate

Added as Alternate Co-Sponsor Sen. Kirk W. Dillard

Senate

Added as Alternate Co-Sponsor Sen. M. Maggie Crotty

Senate

Added as Alternate Co-Sponsor Sen. Toi W. Hutchinson

Senate

Recalled to Second Reading

Senate

Senate Floor Amendment No. 2 Adopted; Steans-Righter-Althoff

Senate

Placed on Calendar Order of 3rd Reading

Senate

Third Reading - Passed; 058-000-001

Senate

Senate Floor Amendment No. 3 Tabled Pursuant to Rule 5-4(a)

Jan 04, 2011

Senate

Placed on Calendar Order of 3rd Reading January 5, 2011

Senate

Approved for Consideration Assignments

Jan 02, 2011

Senate

Pursuant to Senate Rule 3-9(b) / Referred to Assignments

Dec 02, 2010

Senate

Second Reading

Senate

Placed on Calendar Order of 3rd Reading January 4, 2011

Nov 30, 2010

Senate

Do Pass as Amended Executive; 009-001-000

Senate

Placed on Calendar Order of 2nd Reading December 1, 2010

Senate

Senate Committee Amendment No. 1 Adopted

Nov 29, 2010

Senate

Senate Committee Amendment No. 1 Filed with Secretary by Sen. John J. Cullerton

Senate

Senate Committee Amendment No. 1 Assignments Refers to Executive

Senate

Senate Committee Amendment No. 1 Referred to Assignments

Nov 19, 2010

Senate

Alternate Chief Sponsor Changed to Sen. John J. Cullerton

Nov 18, 2010

Senate

Re-referred to Executive

Senate

Rule 2-10 Committee/3rd Reading Deadline Established As January 11, 2011

May 07, 2010

Senate

Rule 3-9(a) / Re-referred to Assignments

Apr 29, 2010

Senate

Postponed - Financial Institutions

Apr 23, 2010

Senate

Rule 2-10 Committee Deadline Established As May 7, 2010

Apr 22, 2010

Senate

Postponed - Financial Institutions

Apr 15, 2010

Senate

Postponed - Financial Institutions

Apr 13, 2010

Senate

Alternate Chief Co-Sponsor Changed to Sen. Jacqueline Y. Collins

Senate

Alternate Chief Sponsor Changed to Sen. Iris Y. Martinez

Apr 06, 2010

Senate

Chief Senate Sponsor Sen. Jacqueline Y. Collins

Senate

Assigned to Financial Institutions

Senate

Referred to Assignments

Senate

First Reading

Senate

Added as Alternate Chief Co-Sponsor Sen. Iris Y. Martinez

Senate

Placed on Calendar Order of First Reading

Senate

Arrive in Senate

Mar 26, 2010

House

Third Reading - Short Debate - Passed 067-040-000

Mar 25, 2010

House

Placed on Calendar Order of 3rd Reading - Short Debate

House

Second Reading - Short Debate

Mar 10, 2010

House

Do Pass / Short Debate International Trade & Commerce Committee; 010-001-000

House

Placed on Calendar 2nd Reading - Short Debate

Feb 17, 2010

House

Added Co-Sponsor Rep. Jack McGuire

House

Added Co-Sponsor Rep. John A. Fritchey

Feb 16, 2010

House

Assigned to International Trade & Commerce Committee

Feb 11, 2010

House

Added Co-Sponsor Rep. Karen May

House

Added Co-Sponsor Rep. Lou Lang

House

Added Co-Sponsor Rep. Harry Osterman

House

Added Co-Sponsor Rep. Michael K. Smith

House

Added Co-Sponsor Rep. Jehan A. Gordon

House

Added Co-Sponsor Rep. Esther Golar

House

Added Co-Sponsor Rep. Maria Antonia Berrios

Feb 10, 2010

House

Added Co-Sponsor Rep. Charles E. Jefferson

House

Added Co-Sponsor Rep. Lisa M. Dugan

House

Added Co-Sponsor Rep. Naomi D. Jakobsson

House

Added Co-Sponsor Rep. Michael J. Zalewski

House

Added Co-Sponsor Rep. Eddie Washington

House

Added Chief Co-Sponsor Rep. Eddie Lee Jackson, Sr.

Feb 05, 2010

House

Referred to Rules Committee

House

First Reading

Feb 04, 2010

House

Filed with the Clerk by Rep. Deborah Mell

Bill Text

Bill Text Versions Format
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Engrossed HTML
Enrolled HTML

Related Documents

Document Format
Public Act
Senate Amendment 003
Senate Amendment 002
Senate Amendment 001

Sources

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