Tom Cross
- Republican
Primary
Amends the Technology Development Act. Authorizes the State Treasurer to segregate up to 2% of the Treasurer's investment portfolio in Technology Development Account IIa, an account that shall be maintained separately and apart from other moneys invested by the Treasurer. Authorizes investments from that account to provide venture capital to technology businesses seeking to locate, expand, or remain in Illinois. Contains provisions concerning the solicitation of proposals from entities to manage and be the General Partner of Technology Development Account IIb, an account consisting of investments from private sector investors. Authorizes the Treasurer to enter into an agreement with the entity managing TDA IIb to advise on the investment strategy of TDA IIa and TDA IIb. Specifies certain limitations that apply to these accounts. Defines "technology business", "venture capital", "Illinois venture capital firm", and "track record". Effective immediately.
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Session Sine Die
Rule 19(a) / Re-referred to Rules Committee
Added Chief Co-Sponsor Rep. Jason Barickman
Added Chief Co-Sponsor Rep. David Harris
Added Chief Co-Sponsor Rep. Darlene J. Senger
Assigned to Executive Committee
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Tom Cross
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