Date	Chamber	Action
1/9/2019	Senate	Session Sine Die

Statutes Amended In Order of Appearance

110 ILCS 305/100 new

Synopsis As Introduced
Amends the University of Illinois Act. Provides that notwithstanding any other provisions of law, the University may form one or more limited liability companies to own any current or future intellectual property attributable to the University pursuant to the Limited Liability Company Act. Requires the State to maintain a 51% ownership interest in any limited liability company formed. Allows the intellectual property to be held as a tenancy-in-common with all entities that hold an ownership interest in a company. Requires the payment of distributions.

Actions 

Date	Chamber	Action
2/16/2018	Senate	Filed with Secretary by Sen. Chapin Rose
2/16/2018	Senate	First Reading
2/16/2018	Senate	Referred to Assignments
2/27/2018	Senate	Assigned to Higher Education
4/11/2018	Senate	Do Pass Higher Education; 010-000-000
4/11/2018	Senate	Placed on Calendar Order of 2nd Reading April 12, 2018
4/19/2018	Senate	Second Reading
4/19/2018	Senate	Placed on Calendar Order of 3rd Reading April 23, 2018
4/24/2018	Senate	Third Reading - Passed; 052-000-000
4/24/2018	House	Arrived in House
4/25/2018	House	Chief House Sponsor Rep. Jay Hoffman
4/25/2018	House	First Reading
4/25/2018	House	Referred to Rules Committee
5/21/2018	House	Assigned to Executive Committee
5/21/2018	House	Final Action Deadline Extended-9(b) May 31, 2018
5/31/2018	House	Rule 19(a) / Re-referred to Rules Committee
1/9/2019	Senate	Session Sine Die

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