Illinois General Assembly - Bill Status for HB4206

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Bill Status of HB4206 96th General Assembly

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Short Description: DCEO-VETS-SMALL BUSINESS LOAN

House Sponsors
Rep. Jerry L. Mitchell - Dennis M. Reboletti - Raymond Poe - Timothy L. Schmitz - Rich Brauer, Mike Bost, Randy Ramey, Jr., Robert W. Pritchard, Jack D. Franks, Linda Chapa LaVia and Keith Farnham

Senate Sponsors
(Sen. Tim Bivins and Linda Holmes)

Last Action

Date	Chamber	Action
1/11/2011	House	Session 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 Floor Amendment No. 1

	Deletes reference to:
	20 ILCS 605/605-530 new

	Adds reference to:
	30 ILCS 750/9-2	from Ch. 127, par. 2709-2

30 ILCS 750/9-4.3

from Ch. 127, par. 2709-4.3

Replaces everything after the enacting clause. Amends the "Small Business Development Act" Article of the Build Illinois Act. Adds a definition of "veteran", and provides that small businesses that are at least 51% owned and managed by one or more persons who are veterans are eligible for loans from the Department of Commerce and Economic Opportunity on the same terms as minority, female, or disability small businesses. Effective immediately.

Actions

Date	Chamber	Action
2/27/2009	House	Filed with the Clerk by Rep. Jerry L. Mitchell
2/27/2009	House	First Reading
2/27/2009	House	Referred to Rules Committee
2/27/2009	House	Added Chief Co-Sponsor Rep. Dennis M. Reboletti
2/27/2009	House	Added Chief Co-Sponsor Rep. Raymond Poe
2/27/2009	House	Added Chief Co-Sponsor Rep. Timothy L. Schmitz
2/27/2009	House	Added Chief Co-Sponsor Rep. Rich Brauer
2/27/2009	House	Added Co-Sponsor Rep. Mike Bost
2/27/2009	House	Added Co-Sponsor Rep. Randy Ramey, Jr.
3/4/2009	House	Assigned to State Government Administration Committee
3/11/2009	House	Do Pass / Short Debate State Government Administration Committee; 017-000-000
3/12/2009	House	Placed on Calendar 2nd Reading - Short Debate
3/18/2009	House	House Floor Amendment No. 1 Filed with Clerk by Rep. Jerry L. Mitchell
3/18/2009	House	House Floor Amendment No. 1 Referred to Rules Committee
3/24/2009	House	House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 004-000-000
3/25/2009	House	Second Reading - Short Debate
3/25/2009	House	House Floor Amendment No. 1 Adopted by Voice Vote
3/25/2009	House	Placed on Calendar Order of 3rd Reading - Short Debate
3/31/2009	House	Third Reading - Short Debate - Passed 116-000-000
3/31/2009	House	Added Co-Sponsor Rep. Robert W. Pritchard
3/31/2009	House	Added Co-Sponsor Rep. Jack D. Franks
3/31/2009	House	Added Co-Sponsor Rep. Keith Farnham
3/31/2009	House	Added Co-Sponsor Rep. Linda Chapa LaVia
3/31/2009	Senate	Arrive in Senate
3/31/2009	Senate	Placed on Calendar Order of First Reading
3/31/2009	Senate	Chief Senate Sponsor Sen. Tim Bivins
3/31/2009	Senate	First Reading
3/31/2009	Senate	Referred to Assignments
4/29/2009	Senate	Added as Alternate Co-Sponsor Sen. Linda Holmes
1/11/2011	House	Session Sine Die

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