Illinois General Assembly - Bill Status for SB3219

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Bill Status of SB3219 93rd General Assembly

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Short Description: IL OPPORTUNITY FUND ACT

Senate Sponsors
Sen. Emil Jones, Jr. - Vince Demuzio - Don Harmon - Todd Sieben - Barack Obama, Carol Ronen, James T. Meeks, James A. DeLeo, Jacqueline Y. Collins, Susan Garrett, Edward D. Maloney, William R. Haine, James F. Clayborne, Jr., Mattie Hunter, M. Maggie Crotty, Terry Link, Lawrence M. Walsh, Jeffrey M. Schoenberg, Louis S. Viverito, Iris Y. Martinez, Antonio Munoz, John J. Cullerton, Donne E. Trotter, Patrick Welch, Dan Cronin, Kimberly A. Lightford, Ira I. Silverstein, Debbie DeFrancesco Halvorson, Kathleen L. Wojcik, Rickey R. Hendon, Denny Jacobs, Martin A. Sandoval, Dave Sullivan and Kirk W. Dillard

House Sponsors
(Rep. Gary Hannig - Kurt M. Granberg - John A. Fritchey - Mary E. Flowers - Kathleen A. Ryg, Marlow H. Colvin, Karen A. Yarbrough, Harry Osterman, Kevin Joyce, Mike Boland, Jay C. Hoffman, Patrick Verschoore, Steve Davis, Michael K. Smith, William J. Grunloh and Lisa M. Dugan)

Last Action

Date	Chamber	Action
1/11/2005	Senate	Session Sine Die

Statutes Amended In Order of Appearance

New Act

30 ILCS 5/3-1

from Ch. 15, par. 303-1

30 ILCS 105/5.625 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 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 (Department of Commerce and Economic Opportunity)

The fiscal impact of Senate Bill 3219 on the Department of Commerce and Economic Opportunity is estimated to be up to $250,000 to obtain contractual expertise necessary, above and beyond that of existing staff, to establish the Illinois Capital Investment Corporation, recommend candidates for the board of directors, develop and approve investment objectives for the Illinois Opportunity Fund, and to allocate, issue, track, and manage contingent tax credits authorized by this legislation.

Actions

Date	Chamber	Action
2/6/2004	Senate	Filed with Secretary by Sen. Vince Demuzio
2/6/2004	Senate	First Reading
2/6/2004	Senate	Referred to Rules
2/18/2004	Senate	Assigned to Executive
2/20/2004	Senate	Added as Chief Co-Sponsor Sen. Don Harmon
2/20/2004	Senate	Chief Sponsor Changed to Sen. Emil Jones, Jr.
2/20/2004	Senate	Added as Chief Co-Sponsor Sen. Vince Demuzio
2/20/2004	Senate	Chief Co-Sponsor Changed to Sen. Don Harmon
2/26/2004	Senate	Do Pass Executive; 012-000-000
2/26/2004	Senate	Placed on Calendar Order of 2nd Reading March 2, 2004
3/2/2004	Senate	Fiscal Note Requested by Sen. Peter J. Roskam
3/22/2004	Senate	Fiscal Note Filed from the Illinois Department of Commerce and Economic Opportunity.
3/24/2004	Senate	Second Reading
3/24/2004	Senate	Placed on Calendar Order of 3rd Reading March 25, 2004
3/25/2004	Senate	Added as Co-Sponsor Sen. Carol Ronen
3/25/2004	Senate	Added as Chief Co-Sponsor Sen. Todd Sieben
3/25/2004	Senate	Added as Co-Sponsor Sen. James T. Meeks
3/25/2004	Senate	Added as Co-Sponsor Sen. James A. DeLeo
3/25/2004	Senate	Added as Co-Sponsor Sen. Jacqueline Y. Collins
3/25/2004	Senate	Added as Co-Sponsor Sen. Susan Garrett
3/25/2004	Senate	Added as Co-Sponsor Sen. Edward D. Maloney
3/25/2004	Senate	Added as Co-Sponsor Sen. William R. Haine
3/25/2004	Senate	Added as Co-Sponsor Sen. James F. Clayborne, Jr.
3/25/2004	Senate	Added as Co-Sponsor Sen. Mattie Hunter
3/25/2004	Senate	Added as Co-Sponsor Sen. M. Maggie Crotty
3/25/2004	Senate	Added as Co-Sponsor Sen. Terry Link
3/25/2004	Senate	Added as Co-Sponsor Sen. Lawrence M. Walsh
3/25/2004	Senate	Added as Co-Sponsor Sen. Jeffrey M. Schoenberg
3/25/2004	Senate	Added as Co-Sponsor Sen. Louis S. Viverito
3/25/2004	Senate	Added as Co-Sponsor Sen. Iris Y. Martinez
3/25/2004	Senate	Added as Co-Sponsor Sen. Antonio Munoz
3/25/2004	Senate	Added as Co-Sponsor Sen. John J. Cullerton
3/25/2004	Senate	Added as Co-Sponsor Sen. Donne E. Trotter
3/25/2004	Senate	Added as Co-Sponsor Sen. Patrick Welch
3/25/2004	Senate	Added as Co-Sponsor Sen. Dan Cronin
3/25/2004	Senate	Added as Co-Sponsor Sen. Kimberly A. Lightford
3/25/2004	Senate	Added as Co-Sponsor Sen. Ira I. Silverstein
3/25/2004	Senate	Added as Chief Co-Sponsor Sen. Barack Obama
3/25/2004	Senate	Added as Co-Sponsor Sen. Debbie DeFrancesco Halvorson
3/26/2004	Senate	Added as Co-Sponsor Sen. Kathleen L. Wojcik
3/26/2004	Senate	Added as Co-Sponsor Sen. Rickey R. Hendon
3/26/2004	Senate	Added as Co-Sponsor Sen. Denny Jacobs
3/26/2004	Senate	Added as Co-Sponsor Sen. Martin A. Sandoval
3/26/2004	Senate	Added as Co-Sponsor Sen. Dave Sullivan
3/26/2004	Senate	Added as Co-Sponsor Sen. Kirk W. Dillard
3/26/2004	Senate	Third Reading - Passed; 051-006-000
3/26/2004	House	Arrived in House
3/26/2004	House	Placed on Calendar Order of First Reading
3/26/2004	House	Chief House Sponsor Rep. Gary Hannig
3/26/2004	House	Added Alternate Chief Co-Sponsor Rep. Kurt M. Granberg
3/29/2004	House	Added Alternate Chief Co-Sponsor Rep. John A. Fritchey
3/29/2004	House	First Reading
3/29/2004	House	Referred to Rules Committee
3/30/2004	House	Added Alternate Chief Co-Sponsor Rep. Mary E. Flowers
3/30/2004	House	Added Alternate Chief Co-Sponsor Rep. Kathleen A. Ryg
3/31/2004	House	Added Alternate Co-Sponsor Rep. Marlow H. Colvin
4/1/2004	House	Added Alternate Co-Sponsor Rep. Karen A. Yarbrough
4/21/2004	House	Added Alternate Co-Sponsor Rep. Harry Osterman
4/22/2004	House	Added Alternate Co-Sponsor Rep. Kevin Joyce
4/22/2004	House	Added Alternate Co-Sponsor Rep. Mike Boland
4/29/2004	House	Added Alternate Co-Sponsor Rep. Jay C. Hoffman
4/29/2004	House	Added Alternate Co-Sponsor Rep. Patrick Verschoore
4/29/2004	House	Added Alternate Co-Sponsor Rep. Steve Davis
5/4/2004	House	Added Alternate Co-Sponsor Rep. Michael K. Smith
5/11/2004	House	Added Alternate Co-Sponsor Rep. William J. Grunloh
5/11/2004	House	Added Alternate Co-Sponsor Rep. Lisa M. Dugan
1/11/2005	Senate	Session Sine Die

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