SB 2946

  • Illinois Senate Bill
  • 101st Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Tech Dev Acct-Grant Authority

Abstract

Amends the Technology Development Act. Removes a provision specifying that the investment of the State Treasurer in any fund created by an Illinois venture capital firm in which the State Treasurer places money shall not exceed 10% of the total investments in the fund. Provides that distributions from a TDA II-Recipient Fund, in an amount not to exceed the commitment amount and total distributions received, may be reinvested into a specified account without being counted against the 5% cap. Provides that specified moneys in the Technology Development Fund may be provided as grants to technology businesses in order to foster, accelerate, and scale technology innovation in Illinois. Modifies the term "technology business" to expand the meaning of technology oriented or emerging activity. Makes conforming changes. Effective immediately.

Bill Sponsors (10)

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Actions


Oct 21, 2020

Senate

Added as Co-Sponsor Sen. Adriane Johnson

May 15, 2020

Senate

Rule 2-10 Third Reading/Passage Deadline Established As May 31, 2020

May 07, 2020

Senate

Rule 2-10 Third Reading Deadline Established As May 29, 2020

Apr 30, 2020

Senate

Rule 2-10 Third Reading Deadline Established As May 22, 2020

Apr 23, 2020

Senate

Rule 2-10 Third Reading Deadline Established As May 15, 2020

Apr 12, 2020

Senate

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

Mar 25, 2020

Senate

Rule 2-10 Third Reading Deadline Established As May 7, 2020

Mar 05, 2020

Senate

Added as Co-Sponsor Sen. Jennifer Bertino-Tarrant

Feb 27, 2020

Senate

Added as Co-Sponsor Sen. Michael E. Hastings

Senate

Added as Co-Sponsor Sen. Laura M. Murphy

Feb 26, 2020

Senate

Added as Co-Sponsor Sen. Antonio Muñoz

Feb 25, 2020

Senate

Added as Co-Sponsor Sen. Christopher Belt

Feb 20, 2020

Senate

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

Senate

Placed on Calendar Order of 2nd Reading February 25, 2020

Senate

Do Pass Commerce and Economic Development; 010-000-000

Feb 19, 2020

Senate

Added as Chief Co-Sponsor Sen. Linda Holmes

Senate

Added as Co-Sponsor Sen. Napoleon Harris, III

Feb 11, 2020

Senate

Assigned to Commerce and Economic Development

Feb 04, 2020

Senate

First Reading

Senate

Referred to Assignments

Senate

Filed with Secretary by Sen. Suzy Glowiak Hilton

Bill Text

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Sources

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