Bill Status of HB 5906   95th General Assembly

Short Description:  DCEO-VETS-SMALL BUSINESS LOAN

House Sponsors
Rep. Ronald A. Wait-Elizabeth Coulson-Sidney H. Mathias-Ruth Munson-Brent Hassert, Sandy Cole, Rosemary Mulligan, Patrick J Verschoore, Elizabeth Hernandez, Patricia R. Bellock, Careen M Gordon, Lisa M. Dugan, Esther Golar, Ron Stephens, Milton Patterson, Wyvetter H. Younge, Elga L. Jefferies, Fred Crespo, Jim Durkin, Jerry L. Mitchell, Bob Biggins, William B. Black, Raymond Poe, Rich Brauer, Dennis M. Reboletti, Jim Sacia, Timothy L. Schmitz, Ed Sullivan, Jr., Renée Kosel, Mike Fortner, Michael Tryon, Carolyn H. Krause, Jil Tracy, Sandra M. Pihos, Jack D. Franks and Linda Chapa LaVia

Senate Sponsors
(Sen. Randall M. Hultgren)


Last Action  View All Actions

DateChamber Action
  1/13/2009HouseSession Sine Die

Statutes Amended In Order of Appearance
20 ILCS 605/605-530 new

Synopsis As Introduced
Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Authorizes the Department of Commerce and Economic Opportunity to make participation loans to small businesses that are at least 51% owned and managed by one or more persons who are veterans for the purposes of promoting the creation of veteran-owned small businesses and promoting the creation of jobs within small businesses. Provides that a loan may not exceed $100,000 or 50% of the business project costs. Provides that a loan may be made only if, in the Department's judgment, the number of jobs to be created is reasonable in relation to the loan funds requested. Provides that a loan must be protected by security. Effective immediately.

House Amendment No. 1
Provides that neither the Governor nor any agency or agency head under the jurisdiction of the Governor has any rulemaking authority under the amendatory Act, but that the Governor may suggest rules by filing them with the General Assembly and requesting that the General Assembly authorize such rulemaking by law, enact the suggested rules into law, or take other appropriate action in the General Assembly's discretion.

Actions 
DateChamber Action
  2/15/2008HouseFiled with the Clerk by Rep. Ronald A. Wait
  2/15/2008HouseChief Co-Sponsor Rep. Elizabeth Coulson
  2/15/2008HouseChief Co-Sponsor Rep. Sidney H. Mathias
  2/15/2008HouseChief Co-Sponsor Rep. Ruth Munson
  2/15/2008HouseChief Co-Sponsor Rep. Brent Hassert
  2/15/2008HouseCo-Sponsor Rep. Sandy Cole
  2/15/2008HouseCo-Sponsor Rep. Rosemary Mulligan
  2/15/2008HouseFirst Reading
  2/15/2008HouseReferred to Rules Committee
  2/26/2008HouseAssigned to International Trade & Commerce Committee
  3/5/2008HouseAdded Co-Sponsor Rep. Patrick J Verschoore
  3/5/2008HouseAdded Co-Sponsor Rep. Elizabeth Hernandez
  3/5/2008HouseHouse Amendment No. 1 Filed with Clerk by International Trade & Commerce Committee
  3/5/2008HouseHouse Amendment No. 1 Adopted in International Trade & Commerce Committee; by Voice Vote
  3/5/2008HouseDo Pass as Amended / Short Debate International Trade & Commerce Committee; 008-000-000
  3/6/2008HousePlaced on Calendar 2nd Reading - Short Debate
  4/1/2008HouseSecond Reading - Short Debate
  4/1/2008HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/1/2008HouseAdded Co-Sponsor Rep. Patricia R. Bellock
  4/2/2008HouseAdded Co-Sponsor Rep. Careen M Gordon
  4/2/2008HouseAdded Co-Sponsor Rep. Lisa M. Dugan
  4/2/2008HouseAdded Co-Sponsor Rep. Esther Golar
  4/4/2008HouseAdded Co-Sponsor Rep. Ron Stephens
  4/8/2008HouseAdded Co-Sponsor Rep. Milton Patterson
  4/8/2008HouseAdded Co-Sponsor Rep. Wyvetter H. Younge
  4/8/2008HouseAdded Co-Sponsor Rep. Elga L. Jefferies
  4/8/2008HouseAdded Co-Sponsor Rep. Fred Crespo
  4/9/2008HouseAdded Co-Sponsor Rep. Jim Durkin
  4/9/2008HouseAdded Co-Sponsor Rep. Jerry L. Mitchell
  4/9/2008HouseAdded Co-Sponsor Rep. Bob Biggins
  4/9/2008HouseAdded Co-Sponsor Rep. William B. Black
  4/9/2008HouseAdded Co-Sponsor Rep. Raymond Poe
  4/9/2008HouseAdded Co-Sponsor Rep. Rich Brauer
  4/9/2008HouseAdded Co-Sponsor Rep. Dennis M. Reboletti
  4/9/2008HouseAdded Co-Sponsor Rep. Jim Sacia
  4/9/2008HouseAdded Co-Sponsor Rep. Timothy L. Schmitz
  4/9/2008HouseAdded Co-Sponsor Rep. Ed Sullivan, Jr.
  4/9/2008HouseAdded Co-Sponsor Rep. Renée Kosel
  4/9/2008HouseAdded Co-Sponsor Rep. Mike Fortner
  4/9/2008HouseAdded Co-Sponsor Rep. Michael Tryon
  4/9/2008HouseAdded Co-Sponsor Rep. Carolyn H. Krause
  4/9/2008HouseAdded Co-Sponsor Rep. Jil Tracy
  4/15/2008HouseAdded Co-Sponsor Rep. Sandra M. Pihos
  4/15/2008HouseAdded Co-Sponsor Rep. Jack D. Franks
  4/15/2008HouseAdded Co-Sponsor Rep. Linda Chapa LaVia
  4/15/2008HouseThird Reading - Short Debate - Passed 112-000-000
  4/16/2008SenateArrive in Senate
  4/16/2008SenatePlaced on Calendar Order of First Reading April 17, 2008
  4/17/2008SenateChief Senate Sponsor Sen. Randall M. Hultgren
  4/23/2008SenateFirst Reading
  4/23/2008SenateReferred to Rules
  5/15/2008SenateRule 2-10 Committee Deadline Established As May 22, 2008; Substantive House Bills Out of Committee
  1/13/2009HouseSession Sine Die

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