House Sponsors: DAVIS,MONIQUE. Short description: DCCA-MICROLOAN FUND Synopsis of Bill as introduced: Amends the Civil Administrative Code of Illinois concerning the Department of Commerce and Community Affairs. Provides that the Department must, by rule, create a Microloan Program to make loans from the Microloan Fund. Provides that the loans may be made in amounts of $500 or less to individuals whose income is at or below the federally designated poverty level and who seek independence from public assistance. Provides that the loans may be used for entrepreneurial or employment endeavors. Provides that the Department must enter into an agreement with a private entity to administer and implement the program. Amends the State Finance Act to create the Microloan Fund. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status