Illinois General Assembly

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 Bill Status of HB2852  97th General Assembly


Short Description:  FINANCE-TECHNOLOGY ACCOUNT

House Sponsors
Rep. Tom Cross - Jason Barickman - David Harris - Darlene J. Senger

Last Action
DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 265/11 new


Synopsis As Introduced
Amends the Technology Development Act. Authorizes the State Treasurer to segregate up to 2% of the Treasurer's investment portfolio in Technology Development Account IIa, an account that shall be maintained separately and apart from other moneys invested by the Treasurer. Authorizes investments from that account to provide venture capital to technology businesses seeking to locate, expand, or remain in Illinois. Contains provisions concerning the solicitation of proposals from entities to manage and be the General Partner of Technology Development Account IIb, an account consisting of investments from private sector investors. Authorizes the Treasurer to enter into an agreement with the entity managing TDA IIb to advise on the investment strategy of TDA IIa and TDA IIb. Specifies certain limitations that apply to these accounts. Defines "technology business", "venture capital", "Illinois venture capital firm", and "track record". Effective immediately.

Actions 
DateChamber Action
  2/22/2011HouseFiled with the Clerk by Rep. Tom Cross
  2/22/2011HouseFirst Reading
  2/22/2011HouseReferred to Rules Committee
  2/24/2011HouseAssigned to Executive Committee
  3/1/2011HouseAdded Chief Co-Sponsor Rep. Jason Barickman
  3/1/2011HouseAdded Chief Co-Sponsor Rep. David Harris
  3/1/2011HouseAdded Chief Co-Sponsor Rep. Darlene J. Senger
  3/17/2011HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die

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