Illinois General Assembly - Bill Status for HB2852

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Bill Status of HB2852 97th General Assembly

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Short Description: FINANCE-TECHNOLOGY ACCOUNT

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

Last Action

Date	Chamber	Action
1/8/2013	House	Session 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

Date	Chamber	Action
2/22/2011	House	Filed with the Clerk by Rep. Tom Cross
2/22/2011	House	First Reading
2/22/2011	House	Referred to Rules Committee
2/24/2011	House	Assigned to Executive Committee
3/1/2011	House	Added Chief Co-Sponsor Rep. Jason Barickman
3/1/2011	House	Added Chief Co-Sponsor Rep. David Harris
3/1/2011	House	Added Chief Co-Sponsor Rep. Darlene J. Senger
3/17/2011	House	Rule 19(a) / Re-referred to Rules Committee
1/8/2013	House	Session Sine Die

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