SCHOENBERG-MCKEON-FEIGENHOLTZ-OSTERMAN-GARRETT. (SIEBEN-OBAMA-WELCH-PARKER) New Act Creates the Illinois Investment and Development Authority Act. Establishes the Illinois Investment and Development Authority to support the creation and growth of community development financial institutions, which provide access to capital for business development, capital investments, and other financing to expand private sector activities in economically disadvantaged communities and for low income people, by providing grants, loans, and technical assistance to these institutions. SENATE AMENDMENT NO. 1. (Senate recedes December 5, 2002) Deletes everything. Inserts the provisions of bill as introduced with the following changes: (1) adds the State Treasurer and the Director of Financial Institutions as members of the Illinois Investment and Development Authority increasing the number of members to 13 from 11; (2) provides the Authority with the power to adopt necessary rules and regulations; (3) increases the maximum allowable conflict of interest ownership share from 7.5% to 10%; (4) adds mortgage lending to the list of financial services the CDFI sector offers; (5) encourages the establishment of CDFIs (instead of downstate CDFIs); (6) adds reference to criteria for accreditation in conjunction with the issuance of grants; and (7) deletes reference to the Community Development Banking and Financial Institutions Act of 1994 requirements. JAN-30-2002 H FILED WITH CLERK JAN-30-2002 H FIRST READING JAN-30-2002 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-05-2002 H ASSIGNED TO COMMITTEE STE GOV ADMIN FEB-22-2002 H DO PASS/SHORT DEBATE 008-000-000 HSGA FEB-22-2002 H PLACED CALENDAR 2ND READING-SHORT DEBATE MAR-07-2002 H AMENDMENT NO. 01-SCHOENBERG MAR-07-2002 H AMENDMENT REFERRED TO HRUL MAR-07-2002 H CALENDAR ORDER 2ND READING-SHORT DEBATE MAR-22-2002 H SECOND READING-SHORT DEBATE MAR-22-2002 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE APR-02-2002 H AMENDMENT NO. 02-SCHOENBERG APR-02-2002 H AMENDMENT REFERRED TO HRUL APR-02-2002 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE APR-02-2002 H ADDED AS A JOINT SPONSOR MCKEON APR-03-2002 H PLCD CAL ORDER 3RD READING-SHORT DEBATE APR-03-2002 H TABLED PURSUANT TO RULE 40(a) HA #01,02 APR-03-2002 H THIRD READING/SHORT DEBATE/PASSED 096-019-002 APR-03-2002 H ADDED AS A JOINT SPONSOR FEIGENHOLTZ APR-03-2002 H ADDED AS A JOINT SPONSOR OSTERMAN APR-03-2002 H ADDED AS A JOINT SPONSOR GARRETT APR-04-2002 S ARRIVE IN SENATE APR-04-2002 S PLACED CALENDAR ORDER OF FIRST READING 02-04-09 APR-05-2002 S CHIEF SPONSOR SIEBEN APR-09-2002 S FIRST READING APR-09-2002 S REFERRED TO SENATE RULES COMMITTEE RULES APR-17-2002 S ASSIGNED TO COMMITTEE FIN INST APR-18-2002 S ADDED AS A CHIEF CO-SPONSOR OBAMA APR-25-2002 S AMENDMENT NO. 01-FINANC. INST. S APR-25-2002 S ADOPTED APR-25-2002 S DO PASS AS AMENDED 007-002-000 SFIC APR-25-2002 S PLACED ON CALENDAR ORDER OF 2ND READING 02-05-06 MAY-06-2002 S SECOND READING MAY-06-2002 S PLACED ON CALENDAR ORDER OF 3RD READING 02-05-07 MAY-07-2002 S ADDED AS A CHIEF CO-SPONSOR WELCH MAY-07-2002 S ADDED AS A CHIEF CO-SPONSOR PARKER MAY-07-2002 S THIRD READING - PASSED 052-002-000 MAY-07-2002 H ARRIVE IN HOUSE MAY-07-2002 H PLACED ON CALENDAR ORDER OF CONCURRENCE 01 MAY-09-2002 H MOTION FILED CONCUR #1/01/SCHOENBERG MAY-09-2002 H MOTION REFERRED TO HRUL MAY-09-2002 H CALENDAR ORDER OF CONCURRENCE 01 MAY-15-2002 H FINAL PASSAGE DEADLINE EXTENDED-RULE 9(B) TO 5/31/02 MAY-15-2002 H CALENDAR ORDER OF CONCURRENCE 01 MAY-23-2002 H MOTION FILED NON-CONCUR #2/01/SCHOENBERG MAY-23-2002 H CALENDAR ORDER OF CONCURRENCE 01 MAY-31-2002 H HSE NON-CONCURS IN SEN AMENDMENTS (NO.) 01 JUN-01-2002 S SECRETARYS DESK - NON-CONCURRENCE 01 JUL-03-2002 S REFER TO RULES/PURSUANT SEN RULE 3-9 (B) RULES SRUL DEC-03-2002 S APPROVED FOR CONSIDERATION SRUL SRUL DEC-03-2002 S SECRETARYS DESK - NON-CONCURRENCE 01/02-12-04 DEC-03-2002 S FILED WITH SECRETARY DEC-03-2002 S MOTION TO RECEDE - SENATE AMENDMENT NO 01/SIEBEN DEC-03-2002 S MOTION REFERRED TO SRUL DEC-04-2002 S MOTION TO RECEDE - SENATE AMENDMENT NO 01/SIEBEN DEC-04-2002 S BE APPROVED FOR CONSIDERATION SRUL DEC-05-2002 S MOTION TO RECEDE - SENATE AMENDMENT NO 01/SIEBEN DEC-05-2002 S SEN RECEDES FROM AMENDMENT (NO.) 01/058-000-000 DEC-05-2002 H PASSED BOTH HOUSES DEC-11-2002 H SENT TO THE GOVERNOR JAN-03-2003 H GOVERNOR APPROVED JAN-03-2003 H EFFECTIVE DATE 03-06-01 JAN-03-2003 H PUBLIC ACT.............................. 92-0864 END OF INQUIRY Full Text Bill Summary