Senate Sponsors: SHADID-JONES,E-HAWKINSON-STONE. House Sponsors: LEITCH-SLONE-SMITH,MICHAEL-SOMMER-MOFFITT Short description: ILL LARGE BUSINESS ASSIST ACT Synopsis of Bill as introduced: Amends the State Finance Act. Makes a technical change in a Section concerning the short title. SENATE AMENDMENT NO. 1. Deletes reference to: 30 ILCS 105/1.1 Adds reference to: 30 ILCS 775/15 Deletes everything. Amends the Excellence in Academic Medicine Act. Provides that the definition of "Qualified Non-Chicago Medicare Metropolitan Statistical Area academic medical center hospital" includes the primary teaching hospital for the University of Illinois School of Medicine at Urbana. HOUSE AMENDMENT NO. 1. Deletes reference to: 30 ILCS 775/15 Adds reference to: New Act 30 ILCS 105/6z-47 Deletes everything. Creates the Illinois Large Business Operational Assistance Act and amends the State Finance Act. Authorizes the Department of Commerce and Community Affairs to make interest-free, short term loans to Illinois businesses to meet cash short falls that would otherwise result in the business downsizing, closing, or filing for bankruptcy. Authorizes the use of appropriations from the Fund for Illinois' Future for such loans, including moneys already appropriated to the Department for other purposes. Effective immediately. HOUSE AMENDMENT NO. 2. Requires that loan applications be submitted within one year after the Act's effective date. Last action on Bill: TOTAL VETO STANDS Last action date: MAR-13-2002 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 2 SENATE - 1 END OF INQUIRY Full Text Bill Status