Date	Chamber	Action
5/19/2006	Senate	Public Act . . . . . . . . . 94-0774

Statutes Amended In Order of Appearance

New Act

30 ILCS 5/3-1

from Ch. 15, par. 303-1

30 ILCS 105/5.640 new

Synopsis As Introduced
Creates the Illinois Opportunity Fund Act. Contains provisions intended to increase the availability and facilitate the delivery of institutional venture capital and private equity investment to emerging and expanding enterprises in the State of Illinois. Defines the role of the Department of Commerce and Economic Opportunity. Creates the Illinois Opportunity Fund and provides for the creation of the Illinois Capital Investment Corporation. Amends the State Finance Act to create the Illinois Opportunity Special Projects Fund. Amends the Illinois State Auditing Act to authorize audits of the Corporation and the Fund. Contains other provisions. Effective immediately.

	Fiscal Note (Commission on Gov't Forecasting and Accountability)
	Senate Bill 14 would reduce State corporate income tax revenue by a maximum of $40 million per year beginning in tax year 2010 and ending with tax year 2033.

Senate Floor Amendment No. 1
Amends the Illinois Opportunity Fund Act. Makes technical changes.

Senate Floor Amendment No. 3
Deletes everything after the enacting clause. Reinserts the contents of the bill as introduced but makes the following changes. Requires the Illinois Capital Investment Corporation Board to develop a policy stating the Board's plan for the use of financial services corporations owned by minorities, females, and persons with disabilities and requires the Corporation to report annually to the Governor and the General Assembly regarding the use of financial services corporations owned by minorities, females, and persons with disabilities. Makes other technical changes. Effective immediately.

House Amendment No. 1

	Deletes reference to:
	30 ILCS 5/3-1

30 ILCS 105/5.640 new

Deletes everything after the enacting clause. Creates the Illinois Opportunity Fund Act. Contains only a short title.

House Amendment No. 2

	Deletes reference to:
	New Act

	Adds reference to:
	30 ILCS 105/8h

30 ILCS 105/8j

30 ILCS 105/8n new

Deletes everything after the enacting clause. Amends the State Finance Act. Provides that the first $250,000,000 of transfers directed to be made under Section 8h or 8j of the Act on or before February 28, 2006 that are still pending on the effective date of this amendatory Act shall be redirected to the Drug Rebate Fund, the Hospital Provider Fund, and the Long-term Care Provider Fund, in equal amounts, rather than to the General Revenue Fund. Requires completion of these transfers within 7 days. Provides that henceforward the Governor, rather than the Governor's Office of Management and Budget, will direct transfers and allocate moneys under Section 8j of the Act. Also makes technical changes. Effective immediately.

Fiscal Note (H-AM 2)(Gov. Office of Management & Budget)

The Governor's Office of Management and Budget estimates that this bill, if enacted into law, will have a positive impact to the State's budget. As the legislation directs the Treasurer and Comptroller to perform certain transfers of up to $250,000,000 into each to the Drug Rebate Fund, Hospital Provider Fund, and the Long Term Care Provider Fund (which will in turn generate an equal amount in federal Medicaid reimbursement), completing these transactions will reduce the payment cycles to providers paid by these funds by an many as twenty-two days, which will in turn reduce prompt payments interest penalties paid to providers.

Balanced Budget Note (H-AM 2)(Gov. Office of Management & Budget)

The Governor's Office of Management and Budget estimates that this bill, if enacted into law, will have a positive impact to the State's budget. As the legislation directs the Treasurer and Comptroller to perform certain transfers of up to $250,000,000 into each to the Drug Rebate Fund, Hospital Provider Fund, and the Long Term Care Provider Fund (which will in turn generate an equal amount in federal Medicaid reimbursement), completing these transactions will reduce the payment cycles to providers paid by these funds by an many as twenty-two days, which will in turn reduce prompt payments interest penalties paid to providers.

	Judicial Note (H-AM 2) (Admin. Office of the Illinois Courts)
	Would neither increase nor decrease the number of judges needed in the state.

	State Debt Impact Note (H-AM 2) (Com. on Gov. Forecasting & Accountability)
	Would not change the amount of authorization for any type of state-issued or state-supported bond, and therefore would not affect the level of state indebtedness.

	Pension Note (H-AM 2)(Comm on Gov't Forecasting & Accountability)
	SB 14 (H-AM 2) will not impact any public pension fund or retirement system in Illinois.

	Correctional Note (H-AM 2)(Dept of Corrections)
	There is no corrections population impact on the Department.

	Housing Affordability Impact Note (H-AM 2)(Housing Development Authority)
	This legislation will have no effect on constructing, purchasing, owning, or selling a single-family residence.

	Home Rule Note (H-AM 2)(Dept of Commerce and Economic Opportunity)
	In the opinion of the Department of Commerce and Economic Opportunity, SB 14 (H-AM 2) does not pre-empt home rule authority.

	State Mandates Fiscal Note (H-AM 2)(Dept of Commerce and Economic Opportunity)
	In the opinion of the Department of Commerce and Economic Opportunity, SB 14 (H-AM 2 does not create a State mandate under the State Mandates Act.

Actions 

Date	Chamber	Action
1/26/2005	Senate	Filed with Secretary by Sen. Emil Jones, Jr.
1/26/2005	Senate	Chief Co-Sponsor Sen. Don Harmon
1/26/2005	Senate	First Reading
1/26/2005	Senate	Referred to Rules
1/31/2005	Senate	Added as Chief Co-Sponsor Sen. Mattie Hunter
2/3/2005	Senate	Assigned to Commerce & Economic Development
2/16/2005	Senate	Added as Chief Co-Sponsor Sen. Ira I. Silverstein
3/3/2005	Senate	Postponed - Commerce & Economic Development
3/3/2005	Senate	Fiscal Note Filed from the Commission on Government Forecasting and Accountability (formerly the Illinois Economic and Fiscal Commission)
3/3/2005	Senate	Added as Co-Sponsor Sen. Martin A. Sandoval
3/9/2005	Senate	Postponed - Commerce & Economic Development
3/17/2005	Senate	Do Pass Commerce & Economic Development; 010-000-000
3/17/2005	Senate	Placed on Calendar Order of 2nd Reading April 6, 2005
4/5/2005	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. Emil Jones, Jr.
4/5/2005	Senate	Senate Floor Amendment No. 1 Referred to Rules
4/6/2005	Senate	Senate Floor Amendment No. 1 Rules Refers to Commerce & Economic Development
4/8/2005	Senate	Senate Floor Amendment No. 1 Recommend Do Adopt Commerce & Economic Development; 006-000-000
4/8/2005	Senate	Added as Co-Sponsor Sen. Iris Y. Martinez
4/8/2005	Senate	Added as Co-Sponsor Sen. James T. Meeks
4/11/2005	Senate	Added as Co-Sponsor Sen. Arthur J. Wilhelmi
4/11/2005	Senate	Second Reading
4/11/2005	Senate	Senate Floor Amendment No. 1 Adopted; E. Jones
4/11/2005	Senate	Placed on Calendar Order of 3rd Reading April 12, 2005
4/12/2005	Senate	Senate Floor Amendment No. 2 Filed with Secretary by Sen. Emil Jones, Jr.
4/12/2005	Senate	Senate Floor Amendment No. 2 Referred to Rules
4/12/2005	Senate	Senate Floor Amendment No. 2 Rules Refers to Commerce & Economic Development
4/13/2005	Senate	Senate Floor Amendment No. 2 Recommend Do Adopt Commerce & Economic Development; 006-003-000
4/15/2005	Senate	Rule 2-10 Third Reading Deadline Extended to May 31, 2005
4/20/2005	Senate	Senate Floor Amendment No. 3 Filed with Secretary by Sen. Emil Jones, Jr.
4/20/2005	Senate	Senate Floor Amendment No. 3 Referred to Rules
4/20/2005	Senate	Senate Floor Amendment No. 3 Rules Refers to Commerce & Economic Development
4/21/2005	Senate	Senate Floor Amendment No. 3 Recommend Do Adopt Commerce & Economic Development; 007-000-000
4/21/2005	Senate	Recalled to Second Reading
4/21/2005	Senate	Senate Floor Amendment No. 2 Tabled Harmon
4/21/2005	Senate	Senate Floor Amendment No. 3 Adopted; E. Jones
4/21/2005	Senate	Placed on Calendar Order of 3rd Reading
4/21/2005	Senate	Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
4/21/2005	Senate	Added as Co-Sponsor Sen. Dan Rutherford
4/21/2005	Senate	Added as Co-Sponsor Sen. Kirk W. Dillard
4/21/2005	Senate	Third Reading - Passed; 049-006-000
4/21/2005	House	Arrived in House
4/21/2005	House	Placed on Calendar Order of First Reading
4/21/2005	House	Chief House Sponsor Rep. Marlow H. Colvin
4/26/2005	House	Added Alternate Co-Sponsor Rep. Milton Patterson
4/26/2005	House	First Reading
4/26/2005	House	Referred to Rules Committee
4/26/2005	House	Referred to Executive Committee
5/11/2005	House	Added Alternate Co-Sponsor Rep. Arthur L. Turner
5/13/2005	House	Rule 19(a) / Re-referred to Rules Committee
5/27/2005	House	Final Action Deadline Extended-9(b) May 31, 2005
5/27/2005	House	Assigned to Executive Committee
5/27/2005	House	Alternate Chief Sponsor Changed to Rep. Gary Hannig
5/27/2005	House	Motion to Suspend Rule 25 - Prevailed
5/27/2005	House	House Amendment No. 1 Filed with Clerk by Executive Committee
5/27/2005	House	House Amendment No. 1 Adopted in Executive Committee; by Voice Vote
5/27/2005	House	Do Pass as Amended / Standard Debate Executive Committee; 007-005-000
5/27/2005	House	Placed on Calendar 2nd Reading - Standard Debate
5/27/2005	House	Second Reading - Standard Debate
5/27/2005	House	Held on Calendar Order of Second Reading - Standard Debate
5/30/2005	House	Added Alternate Co-Sponsor Rep. Annazette Collins
5/30/2005	House	Added Alternate Co-Sponsor Rep. Kathleen A. Ryg
5/31/2005	House	Rule 19(a) / Re-referred to Rules Committee
4/10/2006	House	Final Action Deadline Extended-9(b) April 13, 2006
4/10/2006	House	Approved for Consideration Rules Committee; 003-001-000
4/10/2006	House	Placed on Calendar 2nd Reading - Standard Debate
4/13/2006	House	Final Action Deadline Extended-9(b) April 30, 2006
4/17/2006	House	House Amendment No. 2 Filed with Clerk by Rep. Jay C. Hoffman
4/17/2006	House	House Amendment No. 2 Referred to Rules Committee
4/17/2006	House	House Amendment No. 2 Rules Refers to State Government Administration Committee
4/18/2006	House	Fiscal Note Filed As Amended by HA 2
4/18/2006	House	Balanced Budget Note Filed As Amended by HA 2
4/18/2006	House	Judicial Note Filed As Amended by HA 2
4/18/2006	House	State Debt Impact Note Filed As Amended by HA 2
4/18/2006	House	Pension Note Filed As Amended by HA 2
4/18/2006	House	Correctional Note Filed As Amended by HA 2
4/18/2006	House	Housing Affordability Impact Note Filed As Amended by HA 2
4/18/2006	House	Home Rule Note Filed As Amended by HA 2
4/18/2006	House	State Mandates Fiscal Note Filed As Amended by HA 2
4/18/2006	House	Alternate Chief Sponsor Changed to Rep. Jay C. Hoffman
4/19/2006	House	House Amendment No. 2 Recommends Be Adopted State Government Administration Committee; 005-004-000
4/24/2006	Senate	Sponsor Removed Sen. Dan Rutherford
4/30/2006	House	Final Action Deadline Extended-9(b) May 5, 2006
5/3/2006	Senate	Chief Sponsor Changed to Sen. Donne E. Trotter
5/3/2006	House	House Amendment No. 2 Adopted by Voice Vote
5/3/2006	House	Placed on Calendar Order of 3rd Reading - Standard Debate
5/3/2006	House	Third Reading - Standard Debate - Passed 063-050-000
5/3/2006	Senate	Secretary's Desk - Concurrence House Amendment(s) 01,02
5/3/2006	Senate	Placed on Calendar Order of Concurrence House Amendment(s) 01,02-May 4, 2006
5/4/2006	Senate	Sponsor Removed Sen. Kirk W. Dillard
5/4/2006	Senate	House Amendment No. 1 Motion to Concur Filed with Secretary Sen. Donne E. Trotter
5/4/2006	Senate	House Amendment No. 1 Motion to Concur Referred to Rules
5/4/2006	Senate	House Amendment No. 2 Motion to Concur Filed with Secretary Sen. Donne E. Trotter
5/4/2006	Senate	House Amendment No. 2 Motion to Concur Referred to Rules
5/4/2006	Senate	House Amendment No. 1 Motion to Concur Rules Referred to Executive
5/4/2006	Senate	House Amendment No. 2 Motion to Concur Rules Referred to Executive
5/4/2006	Senate	House Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 007-005-000
5/4/2006	Senate	House Amendment No. 2 Motion To Concur Recommended Do Adopt Executive; 007-005-000
5/4/2006	Senate	House Amendment No. 1 Senate Concurs 032-026-000
5/4/2006	Senate	House Amendment No. 2 Senate Concurs 032-026-000
5/4/2006	Senate	Passed Both Houses
5/18/2006	Senate	Sent to the Governor
5/19/2006	Senate	Governor Approved
5/19/2006	Senate	Effective Date May 19, 2006
5/19/2006	Senate	Public Act . . . . . . . . . 94-0774

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