Date	Chamber	Action
1/8/2013	House	Session Sine Die

Statutes Amended In Order of Appearance

New Act

15 ILCS 520/22.3 new

30 ILCS 105/5.786 new

Synopsis As Introduced
Creates the Illinois Emerging Technology Act. Provides for the creation of the Emerging Technology Advisory Panel. Provides that the Emerging Technology Advisory Panel shall consist of 9 members. Sets forth the appointment, terms, and duties of the members. Provides that the Department of Commerce and Economic Opportunity, with the assistance of the Emerging Technology Advisory Panel, shall establish the Illinois Emerging Technology Program to make grants, loans, and equity investments from the Illinois Emerging Technology Fund to entrepreneurs involved with emerging technologies. Amends the Deposit of State Moneys Act. Requires that the State Comptroller direct and the State Treasurer transfer from the General Revenue Fund to the Illinois Emerging Technology Fund an amount no less than $75,000,000 and no more than $100,000,000. Amends the State Finance Act to create the Illinois Emerging Technology Fund as a special fund in the State treasury.

Actions 

Date	Chamber	Action
2/16/2011	House	Filed with the Clerk by Rep. Tom Cross
2/16/2011	House	First Reading
2/16/2011	House	Referred to Rules Committee
2/22/2011	House	Assigned to Executive Committee
3/1/2011	House	Added Chief Co-Sponsor Rep. Darlene J. Senger
3/17/2011	House	Rule 19(a) / Re-referred to Rules Committee
3/24/2011	House	Added Chief Co-Sponsor Rep. Dwight Kay
1/8/2013	House	Session Sine Die

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