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<xml>
<title>Illinois General Assembly - Bill Status for HB 6988   </title>
<shortdesc>IL OPPORTUNITY FUND ACT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Gary Hannig-Marlow H. Colvin</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>New Act</reference><aliasreference></aliasreference><reference>30 ILCS 5/3-1</reference><aliasreference>from Ch. 15, par. 303-1</aliasreference><reference>30 ILCS 105/5.625 new</reference><aliasreference></aliasreference><SynopsisText>     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.</SynopsisText></synopsis>
<actions>
<statusdate>2/9/2004</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Gary Hannig</action>
<statusdate>2/9/2004</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/9/2004</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/20/2004</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Marlow H. Colvin</action>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

