Bill Status of HB1281  94th General Assembly

Short Description:  COMMUNITY INVESTMENT CORPS

House Sponsors
Rep. Wyvetter H. Younge

Last Action
DateChamber Action
  1/9/2007HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
30 ILCS 105/5.640 new


Synopsis As Introduced
Creates the Community Investment Corporation Development Act. Creates the Community Investment Corporation Development Commission within the Department of Commerce and Economic Opportunity. Sets forth procedures for appointments to the Commission and sets forth procedures for its operation. Requires the Commission to make annual reports to the Governor and the General Assembly concerning the establishment and operation of community investment corporations. Requires the Department of Commerce and Economic Opportunity to develop and maintain a program to make grants to communities seeking to establish community investment corporations. Requires the Commission to seek out funding sources to enhance the development of community investment corporations. Amends the State Finance Act to create the Community Investment Corporation Fund.

Actions 
DateChamber Action
  2/9/2005HouseFiled with the Clerk by Rep. Wyvetter H. Younge
  2/9/2005HouseFirst Reading
  2/9/2005HouseReferred to Rules Committee
  2/10/2005HouseAssigned to Housing and Urban Development Committee
  3/10/2005HouseRule 19(a) / Re-referred to Rules Committee
  1/9/2007HouseSession Sine Die