Illinois General Assembly - Bill Status for HB6988

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Bill Status of HB6988 93rd General Assembly

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Short Description: IL OPPORTUNITY FUND ACT

House Sponsors
Rep. Gary Hannig - Marlow H. Colvin

Last Action

Date	Chamber	Action
1/11/2005	House	Session Sine Die

Statutes Amended In Order of Appearance

New Act

30 ILCS 5/3-1

from Ch. 15, par. 303-1

30 ILCS 105/5.625 new

Synopsis As Introduced
Creates the Illinois Opportunity Fund Act. Contains provisions intended to increase the availability and facilitate the delivery of institutional venture capital to emerging and expanding enterprises in the State of Illinois. Defines the role of the Department of Commerce and Economic Opportunity. Creates the Illinois Opportunity Fund and provides for the creation of the Illinois Capital Investment Corporation. Amends the State Finance Act to create the Illinois Opportunity Special Projects Fund. Amends the Illinois State Auditing Act to authorize audits of the Corporation and the Fund. Contains other provisions. Effective immediately.

Actions

Date	Chamber	Action
2/9/2004	House	Filed with the Clerk by Rep. Gary Hannig
2/9/2004	House	First Reading
2/9/2004	House	Referred to Rules Committee
2/20/2004	House	Added Chief Co-Sponsor Rep. Marlow H. Colvin
1/11/2005	House	Session Sine Die

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