91st General Assembly
Summary of HB4609
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House Sponsors:
MORROW.

Short description: 
AFRICA TRADE PROJECT                                                       

Synopsis of Bill as introduced:
        Amends the Department of Commerce and Community  Affairs  Law  of      
   the  Civil  Administrative  Code  of  Illinois.    Provides  that  the      
   Department of Commerce and Community Affairs, using funds appropriated      
   for  the  purpose,  shall  create the Illinois Africa Trade Program to      
   assist small and medium sized Illinois businesses and manufacturers in      
   exporting their products and to assist companies from African  nations      
   in  exporting products to or investing in Illinois.  Provides that the      
   Department  shall  pursue  incentive  programs  to  encourage  African      
   governments  to  locate  trade  or  commercial  offices  in  Illinois.      
   Provides  that  the  Department  shall  coordinate  with   appropriate      
   organizations  and may contract with qualified individuals or entities      
   to develop a comprehensive plan for market development  and  expansion      
   of  trade  between  Illinois  and  African nations.  Provides that the      
   Department may develop and  administer  other  programs  it  considers      
   advisable and appropriate for collecting and disseminating information      
   to  prospective  manufacturers  and businesses regarding export to and      
   investment in African nations.  Effective immediately.                      
          FISCAL NOTE (Dept. of Commerce and Community Affairs)                
          The fiscal impact of HB 4609 is estimated to be at least             
          $390,000 contingent upon appropriated funds. The impact to           
          State revenues cannot be determined, but they are expected to        
          increase as a result of new exports to Africa and foreign di-        
          rect investment in Illinois by African companies.                    
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status