Synopsis As Introduced Amends the Department of Economic Opportunity Law of the Civil Administrative Code of Illinois. Creates a loan program for ex-offenders to plan and start their own businesses. Defines terms and sets requirements for loans. Amends the State Finance Act to create the Ex-Offender Fund. Effective January 1, 2010.
House Committee Amendment No. 1 In the definition of a "qualified ex-offender", eliminates the requirement that the person contribute a minimum of $200 to the Ex-Offender Fund.
Senate Floor Amendment No. 1 Deletes everything after the enacting clause. Reinserts the provisions of the engrossed bill with the following changes. Further amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Authorizes the Department to establish an ex-offender business ownership grant and loan program (rather than a loan program under which sub-grants may be made for administrative services). Removes a provision that limits the interest rate on program loans to 3%. Removes a provision that authorizes grants to be awarded directly to qualified ex-offenders. Effective January 1, 2010.