House Sponsors: FOWLER-BOST-REITZ-JONES,JOHN-WOOLARD. Senate Sponsors: LUECHTEFELD Short description: IL AQUACULTURE DEVELOP FUND Synopsis of Bill as introduced: Amends the Civil Administrative Code of Illinois and the Aquaculture Development Act. Provides that the Department of Agriculture shall make grants to an Aquaculture Cooperative consisting of any individual or entity of the aquaculture industry that seeks membership under the Agricultural Co-Operative Act. Provides that the Cooperative grants shall be distributed from the Illinois Aquaculture Development Fund. Provides that the Cooperative shall use the grants (i) to buy aquatic organisms, (ii) for equipment, (iii) for administration, and (iv) for related costs. Schedules the provision for repeal on June 30, 2009. Amends the State Finance Act to create the Illinois Aquaculture Development Fund and to make appropriations to the Cooperative. Amends the Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that beginning July 1, 1999 and ending June 30, 2009, the Department of Revenue each month shall pay into the Illinois Aquaculture Development Fund $83,335 in the aggregate from a portion of the Acts' net revenue realized for the preceding month from the general rate on the sale of tangible personal property. Amends the County Cooperative Extension Law. Provides that the Department of Agriculture, Cooperative Extension Service of the University of Illinois, Southern Illinois University at Carbondale, and community colleges shall provide information and assistance to the aquaculture industry concerning the establishment of the Aquaculture Cooperative. Effective immediately. FISCAL NOTE (Department of Agriculture) There would be additional expenses for development and adminis- tration, and additional personnel may be needed. SENATE AMENDMENT NO. 1. Provides that at the beginning of each fiscal period, the Aquaculture Cooperative shall prepare a budget plan for the next fiscal period, including the probable cost of all programs, projects, and contracts. Provides that the Cooperative shall submit the proposed budget to the Director for review and comment. Provides that the Cooperative shall keep minutes, books, and records, shall make this information public, and submit the financial records to an annual audit by a certified public accountant. Provides that Illinois State University and Western Illinois University shall provide information and assistance to the aquaculture industry concerning the aquaculture cooperative. Last action on Bill: TOTAL VETO STANDS Last action date: 99-11-18 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1 END OF INQUIRY Full Text Bill Status